Value of Q2 Residential Construction Investment Up 7.7% YOY

ResCon

 

September 18, 2017

Residential construction investment in Canada totalled $33.2 billion in the second quarter, up 7.7% from the same quarter in 2016.

Higher investment in every component except cottages contributed to the total quarterly increase. Investment in renovations totalled $15 billion (up 6.6%) and accounted for almost 40% of the year-over-year change at the national level.

Investment in single-family dwellings was up 12.9% to $7.4 billion, while acquisition costs related to new dwellings rose 8.2% to $3.7 billion.

Provincial highlights

Investment in residential construction rose year over year in eight provinces in the second quarter. Ontario (up $1.2 billion) posted the largest gain, accounting for more than half (52.0%) of the total national increase. Investment also rose in British Columbia (up 7.9% or by $400 million), while Newfoundland and Labrador (down 9.3% or by $36.3 million) and New Brunswick (down 2.0% or by $8.5 million) reported declines.

Ontario (up by $580.3 million) posted the largest quarterly increase in spending on renovations, followed by Alberta (+$168.0 million).

In British Columbia, the gain was mostly due to additional spending on apartment buildings construction (+$136.5 million).

Alberta reported its second consecutive year-over-year gain in residential construction investment, up 5.1% to $4.3 billion. This gain was largely due to higher spending on single-family homes and renovations.

Source: Statistics Canada, Residential construction investment, second quarter 2017

Related Articles


Changing Scene

  • Liteline Announces Omnilumen as New Agent

    Liteline Announces Omnilumen as New Agent

    In a recent announcement to business partners on behalf of Liteline Corporation, Mike Smith, the National Sales Manager for Liteline, was pleased to announce the appoint of Omnilumen as the company’s newest agent representing Liteline in the Greater Toronto Area, starting April 1, 2025. Omnilumen is a trusted lighting manufacturer’s representative with over 35 years… Read More…

  • E.B. Horsman & Son Welcomes Dennis Massey as New Prince George Branch Manager

    E.B. Horsman & Son Welcomes Dennis Massey as New Prince George Branch Manager

    In a recent post on LinkedIn, E.B. Horsman & Son was thrilled to welcome Dennis Massey as its new Prince George Branch Manager, effective March 3, 2025. With over 25 years of experience in the electrical and industrial supply industry, Dennis has a strong background in branch management, sales, procurement, and customer relations. He has… Read More…


Peers & Profiles