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Released: 2022-09-13

Total investment in building construction

$21.0 billion

July 2022

0.8%

(monthly change)

Investment in building construction continued its upward trend since October 2021, rising 0.8% to $21.0 billion in July. Both the residential (+1.0%, total value of $15.7 billion) and non-residential (+0.1%, total value of $5.3 billion) sectors posted increases.

In constant dollars (2012=100), investment in building construction rose 1.4% to $12.8 billion.

Chart 1

Chart 1: Investment in building construction, seasonally adjusted
Investment in building construction, seasonally adjusted


Chart 1: Investment in building construction, seasonally adjusted

The non-residential sector remains unchanged

Investment in non-residential construction rose 0.1% to $5.3 billion in July.

Commercial investment rose 0.6% to $3.0 billion for the month, after posting strong gains in June. The component’s notable growth came mainly from British Columbia (+3.5%), stemming from several projects in Vancouver.

At the sub-component level, new construction for trade and services and warehouses contributed the most to growth. In July, construction in Trade and services exceeded the pre-COVID level-19 pandemic levels, with substantial growth over the past 12 months. Warehouses have also seen considerable growth, with an increase of 42.0% on an unadjusted basis since March 2021, coinciding with strong growth in e-commerce and the need for large e-commerce companies to store goods locally for fast delivery. Conversely, investment in new office buildings, after a temporary rebound in June 2020, has since trended downward as the work-from-home model has become more widespread and the number of office vacancies in Canada continued to increase.

Chart 2

Chart 2: Investment in new commercial buildings, not seasonally adjusted
Investment in new commercial buildings, not seasonally adjusted


Chart 2: Investment in new commercial buildings, not seasonally adjusted

Investment in the industrial component rose 2.2% to $1.0 billion in July, with gains in seven provinces. Ontario accounted for most of the component’s gains during the month, continuing its considerable growth since December 2021.

Investment in institutional construction fell 2.3% to $1.4 billion in July, the biggest decline for the component since April 2020.

Infographic 1

Thumbnail of infographic 1: Investment in non-residential building construction, July 2022
Investment in construction of non-residential buildings, July 2022


Thumbnail of infographic 1: Investment in non-residential building construction, July 2022

Minor gains in the residential sector

Investment in residential building construction rose 1.0% to $15.7 billion in July.

Investment in single-family homes edged up 0.3% to $8.6 billion and remained relatively flat in the five months to July.

Investment in multi-unit housing construction rose 1.8% to $7.1 billion for the month, with apartment projects in Ontario and British Columbia largely contributing to the gains.

On an unadjusted basis, new construction of single-family homes and multiple dwellings has shown notable growth in recent months and rose 3.9% year over year in July.

Infographic 2

Thumbnail of infographic 2: Investment in residential building construction, July 2022
Investment in construction of residential buildings, July 2022


Thumbnail of infographic 2: Investment in residential building construction, July 2022


Chart 3

Chart 3: Investment in residential building construction, seasonally adjusted
Investment in residential building construction, seasonally adjusted data


Chart 3: Investment in residential building construction, seasonally adjusted

For more information on accommodation, go to Housing statistics gate.

Notice to readers

Data are subject to revisions based on late responses, methodological changes, and classification updates. Unadjusted data have been revised for the previous month. Seasonally adjusted data have been revised for the previous three months.

Data presented in this release are seasonally adjusted to current dollar values, unless otherwise indicated. The use of seasonally adjusted data allows for month-to-month and quarter-to-quarter comparisons by removing the effects of seasonal variations. For more information on seasonal adjustment, see Seasonally adjusted data – Frequently Asked Questions.

Monthly constant dollar estimates are calculated using quarterly Building Construction Price Index deflators (table 18-10-0135-01). Typically, the first two months of a quarter use the previous quarter’s price level, and data is revised when the new quarterly price index becomes available.

Detailed data on investment activity by type of building and type of work are now available in the unadjusted current dollar series.

The Commerce and Services sub-component includes buildings such as retail and wholesale outlets, retail complexes, and motor vehicle showrooms. More detailed information is available on the integrated metadata database at Types of building structure – 2.2.1 – Commerce and services.

next release

Data for August on investment in building construction will be released on October 17.

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Statistics Canada has a “Housing Market Indicators” dashboard. This web application provides access to key housing market indicators in Canada by province and census metropolitan area. These indicators are automatically updated with new information from monthly publications, allowing users to access the latest data.

Contact information

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