Canadian non-residential construction up 3% in Q1

  4/20/2018 |   SHARE
Posted in Commercial Real Estate by Vanguard Realty | Back to Main Blog Page

First quarter investment in non-residential construction gained 3.1% compared to the previous quarter, Statistics Canada reported Thursday.

The gain to $14.1 billion was the fourth consecutive quarterly increase and, although all sectors benefitted (industrial, commercial, institutional), it was commercial that led the rise, up $193.5 million.

Ontario led increases for nine provinces with a $300.7 million rise, followed by BC ($58.3m) and Quebec ($47.6m).

Ontario’s gains were driven by Toronto, while the rise for British Columbia centred on the Vancouver and Abbotsford CMAs.

The only province to post a quarterly decrease was Saskatchewan, down 14.1 million with institutional construction investment the largest drag ($20m).

Canada, Commercial Real Estate, Statistics Canada