Canada’s construction sector saw increased investment in December 2019, the latest month of data released by Statistics Canada.
Both the residential and non-residential sectors increased investment to a total of $15.6 billion, up 0.5% month-over-month. Year-over-year, construction investment was up 3.4% in 2019 to $181.8 billion.
For the residential sector, investment in December was up in 5 provinces, led by Ontario (+2.0% to $4.5 billion) and Alberta (+3.2% to $1.1 billion).
However, the investment in homebuilding was focused on multifamily units, which gained 2.8% nationally to $5.5 billion, thanks largely to Ontario with a 7.2% gain to $2.3 billion.
The single-family sector saw a national decline of 2.3% to $5.1 billion with decreases in every province except for Alberta.
For the non-residential sector, construction investment was driven by gains in Quebec, Ontario and Manitoba. Alberta declined for the sixth consecutive month, down 1.2% to $695.5 million.
Institutional investment rose 1.1% month-over-month in December to $1.1 billion while industrial totaled $923 million (up 1.6%), and commercial totaled $2.9 billion with a 0.3% increase.
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