Canada’s investment in building construction decreased by 1.9pc in May to C$19.4bn ($15.5bn) from April 2021, according to Statistics Canada (StatCan). 

 

Residential construction saw a 2.7pc drop to C$14.8bn in May while non-residential construction inched up by 0.6pc to C$4.7bn from the previous month. 

 

Under residential construction, single-family units saw a 2.7pc fall to C$8.3bn and multi-unit construction investment saw a 2.6pc drop to C$6.5bn in May compared to April 2021. 

 

Investment in commercial construction, under non-residential construction, rose by 0.8pc to C$2.6bn, whereas institutional construction investment grew by 1.2pc to C$1.2bn and industrial construction dropped by 0.7pc to C$837mn this May compared to the prior month. 

 

($1 = C$1.25)

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