{"id":14241,"date":"2023-03-16T07:44:06","date_gmt":"2023-03-16T14:44:06","guid":{"rendered":"https:\/\/essential.construction\/news\/january-a-good-month-for-building-construction-investment\/"},"modified":"2023-03-16T07:44:07","modified_gmt":"2023-03-16T14:44:07","slug":"january-a-good-month-for-building-construction-investment","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/january-a-good-month-for-building-construction-investment\/","title":{"rendered":"January a good month for building construction investment"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div>\n<div id=\"attachment_1003978952\" style=\"width: 306px\" class=\"wp-caption alignright\"><a rel=\"magnific nofollow noopener\" href=\"https:\/\/www.on-sitemag.com\/wp-content\/uploads\/2023\/03\/g230314b001-eng.png\" target=\"_blank\"><\/a><\/p>\n<p id=\"caption-attachment-1003978952\" class=\"wp-caption-text\">Investment in residential building construction, January 2023. (Source: Statistics Canada, Table 34-10-0175-01\u2013Investment in Building Construction)<\/p>\n<\/div>\n<p>Investment in building construction increased 1.5 per cent in January, landing at $20.4 billion, reports Statistics Canada. All components posted gains for the month. The residential sector was up 1.9 per cent, reaching $14.9 billion, while the non-residential sector was up a half-per-cent, hitting $5.6 billion.<\/p>\n<p>The jump in residential building construction was a welcomed rebound following the four consecutive monthly declines recorded to end 2022. Single-family home investment was up 2.4 per cent to $8 billion. Multi-unit construction increased 1.3 per cent to $6.8 billion. Ontario accounted for much of the gains for both segments.<\/p>\n<p>The non-residential construction generated small monthly gains but continued to climb in January. Industrial construction investment rose 1.1 per cent on the month, reaching $1.1 billion. That was a rise of 25 per cent over January of 2022, and the 14th consecutive monthly increase.<\/p>\n<p>Commercial construction edged up 0.1 per cent to sit at $3.1 billion. And institutional construction investment was up 0.7 per cent as it reached $1.4 billion. Overall, eight provinces reported gains in institutional values, with New Brunswick posting its eighth consecutive monthly increase. Conversely, Newfoundland and Labrador posted its 15th consecutive monthly drop.<\/p>\n<p>\u00a0<\/p>\n<p><a rel=\"nofollow noopener\" href=\"http:\/\/www.statcan.gc.ca\/\" target=\"_blank\">www.statcan.gc.ca<\/a><\/p>\n<\/p><\/div>\n<p><script>(function(d, s, id) {\n\t  var js, fjs = d.getElementsByTagName(s)[0];\n\t  if (d.getElementById(id)) return;\n\t  js = d.createElement(s); js.id = id;\n\t  js.src = \"\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&appId=761779333850340&version=v2.0\";\n\t  fjs.parentNode.insertBefore(js, fjs);\n\t}(document, 'script', 'facebook-jssdk'));<\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.on-sitemag.com\/construction\/january-a-good-month-for-building-construction-investment\/1003978951\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=january-a-good-month-for-building-construction-investment\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment in residential building construction, January 2023. (Source: Statistics Canada, Table 34-10-0175-01\u2013Investment in Building Construction) Investment in building construction increased &#8230; <a title=\"January a good month for building construction investment\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/january-a-good-month-for-building-construction-investment\/\" aria-label=\"Read more about January a good month for building construction investment\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1085],"tags":[],"class_list":["post-14241","post","type-post","status-publish","format-standard","hentry","category-onsite-magazine","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/14241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=14241"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/14241\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=14241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=14241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=14241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}