Construction, whether it be commercial or residential or both, is usually correlated with strong economic growth and GDP numbers and the corresponding increase in Foreign Direct Investment(FDI), you would be right to assume that there would be an abundance of property and residential home construction taking place. That doesn’t seem to be the case. Investment in residential construction declined for the fourth straight month, falling 4.5% to $12.1 billion in June. Investment in non-residential construction edged down 0.2% to $5.9 billion. Overall, investment in building construction fell 3.1% to $18.0 billion in June.
After adjusting for inflation (2012=100), investment in building construction decreased by 3.4% to $10.3 billion.
Chart 1 
Investment in building construction, seasonally adjusted
The residential sector continues to fall
Residential construction declined for the fourth consecutive month, falling 4.5% to $12.1 billion in June. Ontario (-5.8% to $5.1 billion) accounted for most of the drop.
Single-family home construction fell 5.7% to $6.2 billion in June, with declines seen in eight provinces.
Multi-unit construction declined for the eighth straight month, falling 3.1% to $5.9 billion in June, the lowest level since September 2021.
