The construction sector in Canada looks to be bouncing back after new figures showed total investment in building construction rose 5.9 percent to CA$18.6bn (£10.9bn) month over month, reports The Construction Index.
Monthly figures from Statistics Canada showed the increase was led by a surge in investment in the residential sector. In fact, investment in house-building rose for the 11th month in a row, up 7.6 percent to CA$14.0bn.
Non-residential investment rose slightly, at 1.1 percent to CA$4.6bn. Despite this small improvement, commercial and industrial investment sits below the level they were at before the Covid-19 pandemic.
Institutional projects, such as schools, jumped 2.2 percent to CA$1.2bn, while spending on commercial buildings rose 0.8 percent to CA$2.6bn.
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