Trending
A red, white, and black flag with a white background.

Quebec leads gains in residential building

Three construction workers standing at a construction site.

The substantial gains in Quebec’s residential-building investment managed to offset the declines in other provinces, preventing the sector from reporting a decline in January, the latest figures from Statistics Canada show.

Over the month, residential investments in Quebec rose by 5.5% to $2.3bn. The province led the gains recorded in single-unit and multi-unit dwellings.

Investments in housing construction in British Columbia and Nova Scotia also increased, up by 0.1% to $1.9bn and by 0.6% to $224m, respectively.

Also read:

The increases in the three provinces offset the declines reported in seven others.

In the non-residential segment, investments were up in the commercial, institutional, and industrial components. Quebec also registered strong growth in the non-residential segment, with investments hitting a growth rate of 5.1% to $1.1bn.

The commercial component contributed the largest in the non-residential construction growth. It reported a 1.8% gain to $3bn.

Marginal growth was recorded in the institutional and industrial sectors, up by 0.9% to $1.2bn and 0.8% to $928.3m, respectively.

About the Author

Post a Comment

Related Articles

Recent market expectations have significantly shifted towards anticipating greater cuts by the Bank of Canada (BoC). Earlier this year, markets were projecting only a 0.25%...

Investing in Grande Prairie real estate offers significant advantages. With its thriving economy, steady job growth, picturesque surroundings, and affordable real estate, the city appeals...

Most Trending News

Recent market expectations have significantly shifted towards anticipating greater cuts by the Bank of Canada (BoC). Earlier this year, markets were projecting only a 0.25%...

Investing in Grande Prairie real estate offers significant advantages. With its thriving economy, steady job growth, picturesque surroundings, and affordable real estate, the city appeals...

Mortgage trends and other household debts continue to raise concerns. According to an Edge Realty Analytics June 2024 report, first-quarter decreases in Canada’s household debt...