• Feature Articles
  • Digital Issues
  • News
  • Events
  • Products
  • Subscribe
  • Advertise
  • Videos
Facebook Twitter Instagram
Trending
  • Industry’s role in climate change top of discussion during HRAI’s
  • CIPHEX West Product Showcase
  • October 2023
  • DeWalt accepting applications for its scholarship
  • The Buildings Show celebrates 35 years
  • Know What You’re Buying — Not all PEX F1960 Fittings are the Same
  • Skills Canada receives $27 million to help explore youth to skilled trades
  • Alberta investing in apprenticeships
Facebook Twitter Instagram LinkedIn YouTube
Plumbing & HVAC
  • Feature Articles
  • Digital Issues
  • News
  • Events
  • Products
  • Subscribe
  • Advertise
  • Videos
Plumbing & HVAC
You are at:Home»News»Construction investment up in February

Construction investment up in February

0
By Plumbing & HVAC Staff on April 23, 2020 News
Investment in residential building construction, seasonally adjusted.

Investment in building construction increased 1.3 per cent to $15.9 billion in February, the fourth consecutive month-over-month growth. Gains were reported in all components of residential and non-residential investment.

On a constant dollar basis, investment in building construction increased 1.1 per cent to $13 billion. Investment in residential construction rose 1.4 per cent to $10.7 billion in February. Single-unit construction increased 1.9 per cent to $5.2 billion. The rate of growth surpassed that observed in the multi-unit component due to major projects in the Vancouver area. Gains in British Columbia outweighed declines in seven other provinces.

Non-residential investment was up 1.2 per cent to $5.1 billion. Ontario and Quebec reported the largest gains, while Alberta continued to decline, down 0.7 per cent to $678.9 million.

The commercial component represented the majority of growth in the non-residential sector, up 1.5 per cent to $3 billion nationally. Ontario and Quebec, again, contributed the most to the gains, which more than offset the declines reported in six provinces. Meanwhile, investment tin construction for the industrial and institutional components also increased month over month.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleCOVID-19-related IAPMO codes now free
Next Article FortisBC to purchase renewable natural gas generated from B.C. landfill

Related Posts

Industry’s role in climate change top of discussion during HRAI’s

DeWalt accepting applications for its scholarship

The Buildings Show celebrates 35 years

Comments are closed.

TWITTER
Tweets by Plumbing_HVAC_
About
About

Plumbing & HVAC

Canada's largest and most qualified circulation to the mechanical trades.

Subscribe Now!

Recent Posts
October 4, 2023

Industry’s role in climate change top of discussion during HRAI’s

October 3, 2023

DeWalt accepting applications for its scholarship

October 2, 2023

The Buildings Show celebrates 35 years

Pages
  • Advertise
  • eNewsletter
  • Feature Articles
  • Get in Touch
  • News
  • Products
  • slider test
  • Subscribe
  • Videos
Copyright © 2021 Plumbing & HVAC all rights reserved | Designed and Developed by Upnorthwebs

Type above and press Enter to search. Press Esc to cancel.