Investment in Canadian Building Construction Rises 5.6%
Connect CRE
AI Article Summary
Investment in Canadian building construction increased by 5.6%, the strongest gain since Q3 2020, according to Turner & Townsend. This rise is driven by an 8.2% jump in residential construction due to a backlog of multi-unit projects and robust demand for rental apartments. Non-residential construction rose 2.5%, supported by progress on institutional projects such as schools and hospitals. However, this momentum may not continue due to uncertainties in trade policy.
