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Housing

Investment in new housing construction for August 2015

In Ontario, construction spending grew 14.5% to $1.7 billion in August compared with the same month a year earlier.

Ottawa - Investment in new housing construction edged up 0.4% from August 2014 to $4.4 billion in August. Nationally, higher spending on apartment and apartment-condominium building construction and, to a lesser degree, row house construction, offset lower investment in single-family and semi-detached dwelling construction.

Investment in apartment and apartment-condominium building construction totalled $1.6 billion in August, up 24.8% compared with the same month a year earlier. This was the fourth consecutive double-digit advance. Spending on row housing amounted to $432 million, up 7.5% from August 2014.

Investment in the construction of single-family dwellings fell 11.6% year over year to $2.2 billion. Construction spending on semi-detached dwellings declined 12.8% to $236 million.

Increases were registered in three provinces, led by Ontario, followed by British Columbia and Nova Scotia.

In Ontario, construction spending grew 14.5% to $1.7 billion in August compared with the same month a year earlier. Spending on single-family houses accounted for much of the growth, followed by apartment and apartment-condominium buildings. In contrast, investment in semi-detached dwellings fell 20.7% year over year, marking the sixth consecutive decline.

In British Columbia, investment rose 16.9% to $809 million in August. The growth came from all dwelling types except semi-detached dwellings. However, higher construction spending on apartment and apartment-condominium buildings accounted for most of the advance.

In Nova Scotia, investment in new housing construction increased 15.1% from August 2014 to $63 million in August. The advance was attributable to higher construction spending on apartment and apartment-condominium buildings, which offset lower investment in the other dwelling types, particularly single-family houses.

Alberta, Quebec and Saskatchewan registered the largest decreases.

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