Canada’s investment in New House Construction: 2016 Midyear Report is Here


lexington3Pre Construction home building trend is up and running in the US, UK and other leading countries in the world, then Why Canada should be behind? The freedom of choice and other benefits make pre construction home building a complete steal. Stats say the same story. Canadians have shown the love to the construction homes.

A total of $4.5 bn invested in new housing construction has done in the month of July this year which is 5.9% more from the same month in 2015.

Category wise money spending stats say…

Apartment-condominium building construction (+13.1% to $1.6 bn)

BUY_HOME_CANADASingle-family dwelling construction (+1.8% to $ 2.3 bn)

Row house construction (+8.8% to $425 million)

In Ontario region, we saw a rise of 24.8% year on year, a total rise of $1.9 bn in July. This rise was the result of collective spending on all dwelling types.

Let’s go to British Columbia now where a rise of $976 million was seen that is 33.7% more than the last year.

Alberta and Quebec showed a little decline in the stats

Alberta fell 30.3% from the last year to $634 million this July. And, Quebec was down by 7.3% to $649 million when compared to the last year stats.

 


You can verify the stats here: Statcan

Galaxy Gate feels proud being associated in this industry as a complete firm offering the real estate and pre construction home building services providers in Canada. Clients that work with Galaxy Gate save time and money by taking up pre construction home building services from Galaxy Gate along with real estate services.


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