Canada's investment in building construction up 2.7% to C$20.9B in April as residential and non-residential sectors rose 3.2% and 1.4%, respectively; investment in single-family homes increased 4.5%, multifamily up 1.5%: Statistics Canada

Sample article from our Housing & Economy

OTTAWA , June 13, 2022 (press release) –

Investment in building construction increased by 2.7% to $20.9 billion in April. Gains were reported in both the residential (+3.2%) and the non-residential sectors (+1.4%).

On a constant dollar basis (2012=100), investment in building construction grew 3.5% to $13.0 billion.

Chart 1: Investment in building construction, seasonally adjusted

Residential sector remains strong
Residential construction investment rose for a seventh consecutive month, up 3.2% to $15.7 billion in April. British Columbia (+8.3%) led the way and reached a record high.

Investment in single family homes increased 4.5% to $8.8 billion, with gains in seven provinces. Conversely, Saskatchewan reported the largest decrease in investment (-12.5%), after being up six of the seven previous months.

Multi-unit construction investment advanced 1.5% to $6.9 billion, with British Columbia behind much of the component's advance.

Infographic 1: Investment in residential building construction, April 2022

Chart 2: Investment in residential building construction, seasonally adjusted

Non-residential investment increases for ninth straight month
Investment in the non-residential construction sector advanced 1.4% in April, with seven provinces posting increases.

Investment in industrial construction increased 1.7% to $931 million, with Ontario accounting for most of the net growth.

Commercial investment advanced 1.5% to $2.9 billion. Nine provinces reported growth, with a notable retail project in Vancouver contributing significantly to the month.

Institutional investment rose 1.0% to $1.4 billion, its fourth consecutive monthly advance. Growth was led by Quebec, with a federal building in Shawinigan designed for the Canada Revenue Agency and Employment and Social Development Canada.

Infographic 2: Investment in non-residential building construction, April 2022

For more information on housing, please visit the Housing statistics portal.

Note to readers
Unadjusted data for the current reference month are subject to revision based on late responses. Data for the previous month have been revised. Seasonally adjusted data for the previous three months have also been revised.

Data presented in this release are seasonally adjusted with current dollar values unless otherwise stated. Using seasonally adjusted data allows month-to-month and quarter-to-quarter comparisons by removing the effects of seasonal variations. For information on seasonal adjustment, see Seasonally adjusted data – Frequently asked questions.

Monthly estimates in constant dollars are calculated using quarterly deflators from the Building Construction Price Index (table 18-10-0135-01). Typically, the first two months of a quarter use the previous quarter's price level, and the data are revised when the new quarterly price index becomes available.

Detailed data on investment activity by type of building and type of work are now available in the unadjusted current dollar series.

Next release
Data on investment in building construction for May will be released on July 14.

Products
Statistics Canada has a "Housing Market Indicators" dashboard. This web application provides access to key housing market indicators for Canada, by province and by census metropolitan area. These indicators are automatically updated with new information from monthly releases, giving users access to the latest data.

Contact information
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Chelsey Quick
Chelsey Quick
- VP Client Success -

We offer built-to-order housing & economy coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.