You are here: Home > Steel News > Latest Steel News > Canadian...

Canadian spending on new housing construction reaches $3.7 billion in February

Thursday, 21 April 2016 21:01:39 (GMT+3)   |   San Diego
       
According to Statistics Canada, spending on new housing construction totaled $3.7 billion in February, up 5.4 percent from the same month a year earlier.

Nationally, the gain was the result of higher investment in apartment and apartment-condominium building construction, which increased 24.8 percent to $1.4 billion, and, to a lesser extent, row house construction, which rose 8.2 percent to $373 million.

In contrast, investment in single-family dwellings was $1.8 billion, 4.3 percent lower than in February 2015, while spending on semi-detached dwelling construction declined 18.1 percent to $160 million.

At the provincial level, increases were recorded in three provinces, led by Ontario, followed by British Columbia and Quebec.



Similar articles

Investment in Canadian building construction up 0.2 percent in August

21 Oct | Steel News

Investment in Canadian building construction down 1.1 percent February

19 Apr | Steel News

Value of Canadian building permits up 9.3 percent in February

10 Apr | Steel News

Investment in Canadian building construction down 0.9 percent in January

18 Mar | Steel News

Value of Canadian building permits up 13.5 percent in January

07 Mar | Steel News

Canadian new home prices decline 0.1 percent in January

21 Feb | Steel News

Investment in Canadian building construction up 0.3 percent in December

15 Feb | Steel News

Value of Canadian building permits down 14 percent in December

06 Feb | Steel News

Canadian residential building construction costs edge up in Q4

01 Feb | Steel News

Canadian new home prices remain stable in December

23 Jan | Steel News