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Canadian investment in new housing construction rises in December

Monday, 22 February 2016 22:58:48 (GMT+3)   |   San Diego
       
According to Statistics Canada, spending on new residential building construction totaled $3.9 billion in December, up 4.8 percent from the same month a year earlier.

The increase at the national level came mainly from higher investment in apartment and apartment-condominium building construction, up 23.9 percent year over year to $1.4 billion. Spending on row house construction also contributed to the advance, up 3.4 percent to $348 million.

Conversely, investment in single-family dwellings fell 3.4 percent year over year to $2.0 billion. Spending on semi-detached dwelling construction declined 16.2 percent to $181 million.

At the provincial level, Ontario, British Columbia and Quebec reported the largest increases.

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