Canada’s investment in building construction rose by 0.3pc in Q4 2020 to C$46.2bn compared to the previous quarter, according to Statistics Canada (StatCan).
Investment in the residential sector was up by 5pc while non-residential funding dropped by 9.8pc in the fourth quarter of the year from Q3 2020. In December 2020, building construction investment rose by 1.5pc after three straight months of decline.
The country’s non-residential construction investments remained unchanged at C$4.4bn in December compared to November. Under this, commercial building construction rose by 0.3pc, institutional building construction was up by 0.9pc while industrial investment dropped by 0.2pc in December from the previous month, StatCan reported.
Investment in residential construction rose by 1.9pc to C$11.1bn in December from the prior month in 2020. Single unit investment grew by 2.6pc while multi-unit investment rose by 1.2pc in December from November.
($1 = C$1.27)