Ontario Construction News staff writer
Total investment in building construction increased 6.3 per cent to $19.9 billion, with residential construction investment performing well in April, rising for a 12th consecutive month.
In contrast, non-residential construction has not fully returned to pre-COVID-19 levels. However, it increased by 0.9 per cent last month.
Residential construction reported an 8.1 per cent gain, bringing total investment to $15.3 billion in April.
Investment for single-family homes was up 8.9 per cent, as all provinces except Nova Scotia posted increases. Ontario accounted for the majority of the growth (+12.8 per cent), driven by renovation projects in Toronto and new construction in Hamilton.
Prince Edward Island reached a record high in this component, surging 84 per cent to $101 million, mainly due to renovation projects.
Multi-unit construction rose 7.2 per cent to $6.7 billion with Quebec posting the largest increase.