Residential And Non-Residential Construction Drops

Investments for both residential and non-residential building construction decreased 4.5 per cent to $18.4 billion in June, says Statistics Canada. Following a three per cent decrease in May, residential construction investments fell 5.8 per cent in June to $13.8 billion. Specifically, single-family homes remained well above pre-COVID-19 levels, despite falling 7.3 per cent to $7.5 billion, and multi-unit construction investments took a fall of 3.8 per cent to $6.2 billion. For non-residential construction, investments decreased 0.4 per cent to $4.6 billion in June, reflecting declines in commercial and industrial investment. Commercially, investments declined one per cent to $2.5 billion, industrial decreased 1.2 per cent to $825 million, and institutional investments went up 1.3 per cent to $1.2 billion.