Residential construction spend up 8 per cent

Total spending on residential construction was up 8.4 per cent in the year to April according to figures from Statistics Canada.

The total of $4.2 billion was boosted by higher investment in apartment and apartment-condo buildings, which rose 20.8 per cent to $1.5 billion. Higher spending on row houses (up 14.2 per cent to $433 million) and single-family dwellings (up 2.1 per cent to $2.1 billion) also contributed to the advance.

Five provinces recorded increases, led by Ontario, BC and Quebec; but 5 provinces recorded declines including Alberta (especially single-family homes), Saskatchewan and Manitoba.
 

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