{"id":20405,"date":"2022-08-15T10:10:00","date_gmt":"2022-08-15T17:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=20405"},"modified":"2022-08-12T08:33:45","modified_gmt":"2022-08-12T15:33:45","slug":"residential-construction-investment-fell-0-4-1st-time-in-9-months-commercial-building-rebounded-advancing-3-3-in-the-q2","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2022\/08\/residential-construction-investment-fell-0-4-1st-time-in-9-months-commercial-building-rebounded-advancing-3-3-in-the-q2\/","title":{"rendered":"Residential Construction Investment Fell 0.4%, 1st-Time in 9-Months. Commercial Building Rebounded, Advancing 3.3% in the Q2"},"content":{"rendered":"<p style=\"text-align: justify;\">OTTAWA \u2014 Statistics Canada says investment in residential construction declined for the first time in nine months in June, as gains in the non-residential sector helped push overall construction investment up 0.3% to $20.8 billion.<\/p>\n<p style=\"text-align: justify;\">The agency says residential construction investment fell 0.4% to $15.5 billion in June, with Quebec being the biggest drag.<\/p>\n<p style=\"text-align: justify;\">Within the residential segment, investment in single-family homes continued to show strength, rising 0.7% to $8.6 billion, having outpaced multi-unit construction since the COVID-19 pandemic downturn.<\/p>\n<p style=\"text-align: justify;\">Non-residential construction investment rebounded in June, increasing 2.4% to $5.3 billion for the month, with commercial construction advancing 2.7% to $3.0 billion, driven by Ontario.<\/p>\n<p style=\"text-align: justify;\">Investment in commercial construction had fallen in May, the first time in 13 months, as a result of an Ontario construction workers strike.<\/p>\n<p style=\"text-align: justify;\">Statistics Canada says the total value of investment in building construction rose 3.3% to $62.3 billion in the second quarter, the third consecutive quarterly increase.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/financialpost.com\/pmn\/business-pmn\/investment-in-residential-construction-falls-for-first-time-in-nine-months-statcan\" target=\"_blank\" rel=\"noopener\">StatCan : Investment in Residential Construction Falls for First Time in Nine Months<\/a> by The Canadian Press | Financial Post<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OTTAWA \u2014 Statistics Canada says investment in residential construction declined for the first time in nine months in June, as gains in the non-residential sector helped push overall construction investment &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2022\/08\/residential-construction-investment-fell-0-4-1st-time-in-9-months-commercial-building-rebounded-advancing-3-3-in-the-q2\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-20405","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Residential Construction Investment Fell 0.4%, 1st-Time in 9-Months. 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