Non-residential building investment increased in the fourth quarter
Investment in non-residential building construction reached $12.9 billion in the fourth quarter, up 0.3 per cent from the previous quarter. The new figures from StatsCan reveal that the industrial sector increased by 1.1 per cent; institutional was up 1.4 per cent; commercial was down by 0.4 per cent. Investment rose in 14 of 34 census metropolitan areas. The largest increases were in Edmonton, Toronto and Winnipeg. In Edmonton and Toronto, investment increased in all three components, while the gain in Winnipeg was attributable to commercial and institutional spending. Conversely, the largest decreases occurred in Saskatoon and Ottawa. In Saskatoon, investment declined for a third consecutive quarter, as spending fell across all three components. In Ottawa, the decline was mostly attributable to lower investment in the commercial components.