On Thursday, Statistics Canada (StatCan) reported that investment in building construction edged up 0.8% month-over-month to $20.8 billion (CAD) in May, rebounding from a 2.0% decrease in April. On a constant dollar basis (2017=100), investment in building construction was up 0.9% to $12.7 billion in May.
Residential
Investment in residential building construction rose 0.9% to $14.4 billion in May. Monthly increases were observed in five provinces and territories, led by Quebec, up $178.3 million to $2.9 billion, and Alberta, up $26.3 million to $1.8 billion. These gains were partially offset by losses in Ontario,…
