Canada’s investment in building construction declined by 1.7pc to C$15.2bn ($11.6bn) in September from the previous month, according to Statistics Canada (StatCan) reports. 

 

The country’s non-residential investment fell by 8.5pc to C$4.5bn in September of which investment in commercial building construction was down by 11.3pc to C$2.6bn. Investment in industrial building construction fell by 5.6pc and was down by 3.7pc for institutional buildings from the prior month. 

 

Alternatively, investment in residential construction in September grew by 1.6pc to C$10.6bn, largely led by an increase in multi-unit investments compared with August. Investment in single unit construction remained mostly flat, lower by 0.6pc. 

 

After a 19.5pc decline in building construction during Q2 2020 due to the COVID-19 shutdowns, investment in building construction witnessed a 25.7pc growth in Q3 2020, according to StatCan reports.

 

($1 = C$1.30)

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