Investment in building construction on the rise in June
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AI Article Summary
In June, investment in building construction in Canada increased by $454.4 million to reach $22.7 billion, with the residential sector experiencing a 3.1% growth compared to May. The multi-unit residential segment drove this growth with a 4.2% increase, though non-residential construction saw a slight decline of 0.5%. Investments totaled $67.4 billion for the second quarter, remaining stable compared to the previous quarter, while year-over-year growth was marked at 8.5%.
