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Canadian Construction Investment Up Last Year

Canadian new housing construction in December 2017 increased 10% to $4.7 billion over the same period in 2016.  Single-family construction rose 2.1% from December 2016 to $2.3 billion.  Apartment building totals in December increased 17.3% to $1.7 billion over the comparable month in 2016.

Overall, Canadian investment in new housing construction totaled $57.3 billion in 2017, rising 8.9% from 2016. Single-family construction increased 10.2% from 2016 to $29.5 million. Apartment buildings rose 4.2% to $19.2 million in 2017. See Statistics Canada

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