Construction Investment Strengthens Year-over-Year in Canada

November 2024 Canadian building construction investment slipped 0.5% from October but rose 2.7% from the same period in 2023 to $21.4 billion (CAD). Residential construction spending decreased 1.1% to $14.8 billion in November. Seasonally adjusted single-family investment was 2.9% higher than October at $7.3 billion, while multi-unit levels decreased 4.8% to $7.5 billion in November. Non-residential totals were $6.6 billion, a 1.1% gain from October, marking a record high. See Statistics Canada

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