Canadian New Housing Construction Investment Up 8.4% in April - Modern Distribution Management

Canadian New Housing Construction Investment Up 8.4% in April

Apartment and apartment-condominium buildings led the increase, rising 20.8 percent.

Canadian investment in new housing construction increased 8.4 percent to C$4.2 billion (US$3.3 billion) in April compared with the same month in 2015, according to Statistics Canada.

Nationally, the increase was driven by higher investment in apartment and apartment-condominium buildings, which rose 20.8 percent. Higher spending on row houses (up 14.2 percent) and single-family dwellings (up 2.1 percent) also contributed to the advance.

In contrast, investment in semi-detached dwellings declined year over year for the 12th consecutive month, down 14.7 percent in April.

At the provincial level, advances in new housing construction spending were recorded in five provinces, led by Ontario, followed by British Columbia and Quebec.

In Ontario, investment in new residential construction increased 32.7 percent year-over-year in April, largely the result of higher investment in single-family homes. All dwelling types recorded higher construction spending, except semi-detached buildings, which posted a 14th consecutive monthly year-over-year decline.

In British Columbia, spending on new housing construction rose 28.3 percent year-over-year in April. Higher investment in apartment and apartment-condominium buildings contributed the most to the gain, followed by single-family dwellings and row houses. Investment in semi-detached dwellings declined for the 10th consecutive month.

In Quebec, investment in new residential construction in April was up 5.8 percent compared with April 2015. Higher spending on apartment and apartment-condominium buildings more than offset declines in single-family and semi-detached dwellings.

Spending on new housing construction decreased in five provinces in April, with Alberta registering the largest decline, followed by Saskatchewan and Manitoba. In Alberta, decreased investment occurred in all dwelling types, although the decline was mainly attributable to lower spending on single-family dwellings.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!