Multifamily sector leads investment in construction

  11/26/2018 |   SHARE
Posted in Real Estate Investments by Vanguard Realty | Back to Main Blog Page

Investment in Canada’s building construction edged 0.3% higher in September compared to the previous month.

The rise of $14.5 billion reported by Statistics Canada was led by a 1% gain for the multifamily residential construction sector ($4.8 billion) while the single-family sector was down 0.2% to $5.3 billion.

Year-over-year, single-family construction investment was up 5.2% while the multifamily sector gained 14.6%.

The non-residential sector was unchanged from August at $4.5 billion.

Gains in the commercial (+0.5% to $2.5 billion) and industrial (+2.0% to $0.9 billion) sectors were offset by a 2.7% decline in the institutional sector.

Canada, Canada Real Estate, Commercial Real Estate Investments, Real Estate Investments, Real Estate Investors, Statistics Canada