Section: Real-estate

Residential construction investment, fourth quarter 2015

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Residential construction investment, fourth quarter 2015 -

Residential construction investment, fourth quarter 2015

Residential construction investment totalled $29.7 billion in the fourth quarter, up 2.4% compared with the same quarter in 2014.

Investment in apartment and apartment-condominium building construction, up 25.1% to $4.8 billion, accounted for most of the increase at the national level. Acquisition costs related to new dwelling units built (up 3.3% to $3.4 billion) and spending on row house construction (up 1.9% to $1.2 billion) also contributed to the quarterly gain.

Investment in new housing construction, December 2015

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Investment in new housing construction, December 2015 -

Investment in new housing construction, December 2015

Spending on new residential building construction totalled $3.9 billion in December, up 4.8% from the same month a year earlier.

The increase at the national level came mainly from higher investment in apartment and apartment-condominium building construction, up 23.9% year over year to $1.4 billion. Spending on row house construction also contributed to the advance, up 3.4% to $348 million.

JANUARY 2016 HOUSING STARTS IN QUEBEC

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JANUARY 2016 HOUSING STARTS IN QUEBEC -

JANUARY 2016 HOUSING STARTS IN QUEBEC

Housing starts in Quebec  were trending at 34,560  units in January, compared  to  35,678  units  in  December,  according  to  Canada  Mortgage  and  Housing  Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates
(SAAR) of housing starts.

Building permits, December 2015

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Building permits, December 2015 -

Building permits, December 2015

The total value of building permits issued by Canadian municipalities rose 11.3% to $6.9 billion in December, following a 19.9% decline the previous month. Higher construction intentions for multi-family dwellings in Quebec, Ontario, British Columbia and Alberta explained the advance.

QUEBEC HOUSING STARTS OF SINGLE DETACHED HOUSES IN 2015: A HISTORICAL LOW

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QUEBEC HOUSING STARTS OF SINGLE DETACHED HOUSES IN 2015: A HISTORICAL LOW -

QUEBEC HOUSING STARTS OF SINGLE DETACHED HOUSES IN 2015: A HISTORICAL LOW

Housing starts in Quebec  were trending at 35,814  units in December, compared  to  35,775  units  in  November,  according  to  Canada  Mortgage  and  Housing  Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.