Page 12 - FDMAsia MayJun2024

10 MARKET BEATS MAY/JUN 2024 FDM ASIA | www.fdmasia.com

Chances & Challenges For to $7.0 billion. Gains in Ontario (+7.2 percent; +$190.6 million)

Construction Sector and British Columbia (+9.4 percent; +$129.1 million) were
slowed by smaller declines in five other provinces, such
as Alberta (-2.2 percent; -$19.4 million) and Manitoba (-6.5

Construction investment up percent; -$12.7 million).
Month over month, investment in building construction increased Investment in the non-residential sector increased 2.3
4.5 percent to $20.4 billion in March. The residential sector percent to $6.1 billion in March, with all three components
was up 5.4 percent to $14.3 billion, while investment in the posting gains.
non-residential sector increased 2.3 percent to $6.1 billion, Industrial investment rose 3.1 percent to $1.3 billion,
reported by Statistics Canada. and investment in the commercial component rebounded
On a constant dollar basis (2017=100), investment in building (+2.0 percent to $3.0 billion) after eight consecutive months
construction increased 4.1 percent to $12.5 billion in March. of declines. Much of the increase was due to Ontario (+3.6
Investment in residential building construction rose 5.4 percent; +$43.8 million).

percent to $14.3 billion in March. Increases were recorded in Notably, investment in the institutional component grew
seven provinces, with Ontario (+6.5 percent; +$344.2 million) 2.1 percent to reach $1.8 billion in March, a record high. The
and Quebec (+9.2 percent; +$232.1 million) leading the way. monthly increase recorded in March was the ninth monthly
Nationally, investment in detached single-family homes increase in a row.
grew 6.5 percent to $7.3 billion in March, up for the eighth Investment in building construction rose for the third straight
consecutive month. Multi-unit investment was up 4.4 percent quarter, increasing 1.0 percent to $59.7 billion.

Maudib