Residential sector drags down investment in building construction, March 2025

In March 2025, investment in building construction in Canada decreased by 0.9% to $22.2 billion, primarily due to a 1.8% decline in the residential sector, despite a 1.3% increase in the non-residential sector. The residential decline was driven by a significant drop in multi-unit construction, while single-family home investments saw a minor increase. Non-residential investment grew in all subsectors, with notable gains in institutional, commercial, and industrial projects. Throughout the first quarter of 2025, overall construction investment rose by 3.3%, with the residential sector leading this growth, especially in multi-unit constructions.