Fenestration Review

Statistics Canada releases investment in building construction data

June 17, 2024  By Statistics Canada 

Data on map.(Statistics Canada)

Statistics Canada has released investment in construction data from April 2024.

Investment in building construction decreased two per cent to $20.5 billion in April compared with March. The residential sector declined 2.7 per cent  to $14.2 billion, while the non-residential sector fell 0.5 per cent to $6.3 billion.

On a constant dollar basis (2017=100), investment in building construction decreased 1.9 per cent to $12.6 billion in April.

Investment in non-residential construction edged down by $31.2 million to $6.3 billion in April. Declines in the industrial and commercial components were partially offset by a slight increase in the institutional component in the month.

In April, seven of the 13 provinces and territories reported gains in institutional construction investment, with Manitoba leading the way. Notably, this was the 15th consecutive monthly increase for Manitoba. On a year-over-year basis, the value of institutional construction investment in Manitoba nearly doubled, from $40.0 million in April 2023 to $79.8 million in April 2024.

Investment in residential building construction decreased by $386.7 million to $14.2 billion in April. Monthly declines were recorded in nine of the 13 provinces and territories in April, led by Ontario and Alberta. These declines were tempered by increases in the remaining provinces and territories, led by Saskatchewan.

Across Canada, single-family home investment fell 4.7 per cent to $6.9 billion in April. Saskatchewan was the only province to report an increase in single-family home investment in the month.

Multi-unit family investment was down 0.6 per cent to $7.3 billion in April. Decreases were observed in six provinces and one territory. Much of the decline was offset by gains in Nova Scotia and Quebec.

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