Residential construction: lower investments in Quebec

Residential construction: investment down in Quebec

UPGRADE DAY

Quebec recorded a 6.7% drop in residential construction for the month of June 2022, contributing to the general decline observed in the country, the first in the last nine months, according to Statistics Canada.< /strong> 

Investment in residential construction in Canada thus stood at $15.5 billion in June, a decrease of 0.4%.

< p>This decline was seen in investment in the construction of multi-unit buildings (-1.6%), which totaled $6.9 billion. “Despite this decline, investment in the construction of multi-unit buildings has been on a general upward trend since October 2021,” said the federal agency.

As for single-family dwellings, the investment jumped 0.7% to $8.6 billion, outpacing multi-unit building construction since the pandemic slowdown.

Non-residential construction investment rose 2.4% to $5.3 billion.

This increase allowed general investment in building construction to increase by 0.3% for the month of June by reaching the sum of $20.8 billion.