Investment in home construction weakened in the second quarter of 2017 the latest GDP data shows.

Statistics Canada reported Thursday that Canada’s economy grew by 1.1% in the second quarter with an annualized rate of 4.5%.

But investment in home construction was down 1.2% compared to a 2.9% gain in the previous quarter. The decrease was due to a 6.7% decline in ownership transfer costs.

New housing construction investment was virtually unchanged while renovations increased 1.1%.

The data also revealed that household spending on goods was up 1.9% in the second quarter with new car purchases one of the key influences.

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