Canadian Construction Investment Soars in May

Total investment in Canadian building construction in May was $13.4 billion (CAD), increasing 60.1% from April. Residential construction jumped 57% from April to $8.4 billion, and non-residential totals were 65.6% higher in May at $4.9 billion. Single-family spending rose 71.7% to $4.1 billion and multi-unit dwellings grew 45.2% to $4.3 billion compared to April. See Statistics Canada