The total value of residential construction investment in Canada for 2007 reached $88.7 billion, an increase of 8.5% compared with 2006. All components of residential construction (new housing, renovation and acquisition costs) and all provinces and territories saw gains.

In constant dollars, the increase in the overall residential construction investments in 2007 was 2.3%.

Among provinces, the biggest increases (in dollars) occurred in Alberta (+18.9% to $14.8 billion) and in Quebec (+8.0% to $19.1 billion). In percentage terms, Saskatchewan led the rest with an increase of 37.5%.

New housing investment represented the largest contribution in dollars, posting an increase of 8.5% …