March Canadian Construction Investment Breaks Records

Canadian building construction investment in March grew 5.9% from February to a record $18.6 billion (CAD). Residential construction also reached an all-time high, up 7.6% to $14 billion.  Single-family spending increased for the sixth-straight month, soaring 10.7% to $7.8 billion in March, and multi-unit levels expanded 3.9% from February to $6.2 billion. Non-residential totals rose 1.1% in March to $4.6 billion. See Statistics Canada