Non-residential construction investment slips in Q3

By Steve Randall
Non-residential construction investment was down 0.5 per cent in the third quarter of 2016 compared to the previous three months.

Statistics Canada data shows that $12.5 billion was invested in the sector between July and September. The decline was the seventh consecutive quarterly of lower investment in commercial and industrial building construction, offsetting gains in infrastructure.

Alberta and BC posted the largest declines with Toronto, Calgary and Vancouver the metros easing the most. The largest gains in non-residential construction investment were in Quebec and Manitoba with Winnipeg the leading metro.

More Mortgage Guide