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Canadian investment in new housing construction jumps 5.9 percent year-on-year

Wednesday, 21 September 2016 00:08:00 (GMT+3)   |   San Diego
       

According to Statistics Canada, the value of investment in new housing construction totaled $4.5 billion in July, up 5.9 percent from the same month in 2015.

The advance at the national level was attributable to higher spending on apartment and apartment-condominium building construction (+13.1 percent to $1.6 billion), single-family dwelling construction (+1.8 percent to $2.3 billion) and row house construction (+8.8 percent to $425 million).

In contrast, investment in semi-detached dwellings declined year over year for the 15th consecutive month, down 3.4 percent to $233 million in July.


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