The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
March 14, 2022BUILDING CONSTRUCTION, JANUARY 2022 Total residential and non-residential construction
Investment in Nova Scotia building construction increased 8.6% in January 2022 (seasonally adjusted) compared to December 2021. Halifax monthly building construction increased 18.4% in January 2022 and outside of Halifax building construction declined 2.3%.
Nationally, investment in building construction increased 3.4% in January 2022. Monthly building construction was up in nine provinces with New Brunswick and Nova Scotia posting the largest gains. The only decline was reported in Saskatchewan.
Compared to January 2021, building construction investment was up 27.5% in Nova Scotia. Outside of Halifax construction activity was up 47.6% and Halifax construction activity was up 15.8%. National building construction investment was up 12.0% with eight provinces reporting increases and Newfoundland and Labrador and Saskatchewan reporting declines. The largest increases from January 2021 to January 2022 were reported in Nova Scotia and Manitoba.
Total Nova Scotia building construction investment was $478.1 million in January 2022. Halifax building construction totaled $275.3 million in January 2022 and outside of Halifax building construction was $202.8 million. There had been a notable acceleration in building construction investment towards the end of 2020, particularly residential construction investment in Halifax. In spring 2021 building construction declined in Halifax while it increased outside of Halifax. Since the fall of 2021, Nova Scotia building construction has been increasing, largely because of rising residential construction in Halifax.
Residential construction
In January 2022, residential construction investment (seasonally adjusted) in Nova Scotia increased 9.0% to $413.9 million. Halifax residential construction was up 19.4% to $239.8 million. Outside of Halifax residential construction was down 2.7% to $174.1 million.
National residential construction increased 4.1% month-over-month as nine provinces reported higher residential construction investment. The largest increase was reported in New Brunswick followed by Manitoba. Saskatchewan was the only province to report a decline, month over month.
In January 2022, residential construction investment was up 27.8% in Nova Scotia compared to January 2021. Halifax's residential construction was up 12.3%. Outside of Halifax, residential construction was up 57.7%, year over year.
National residential construction was up 12.3%. Seven provinces reported higher residential construction investment over January 2021. The largest increases were reported in Manitoba and the three Maritime provinces. Newfoundland and Labrador and Saskatchewan reported the largest declines.
Higher renovations outside of Halifax was the largest factor in the year over year increase. In January 2022, new construction was up both for singles and multiple dwelling units across the province compared to January 2021.
Non-residential construction
In January 2022, non-residential building construction increased 6.5% to $64.2 million in Nova Scotia (seasonally adjusted). In Halifax, non-residential construction was up 11.9% to $35.5 million. Outside of Halifax, non-residential construction was up 0.5% to $28.7 million.
National non-residential building construction was up 1.5% in January 2022. Six provinces reported increases, with the largest increase in Nova Scotia, followed by British Columbia. The largest decline was reported in New Brunswick.
In January 2022, Nova Scotia's non-residential construction was up 25.4% over January 2021. Halifax's non-residential construction rose 46.6%. Outside of Halifax, non-residential construction was up 6.4%.
National non-residential construction investment increased 11.2% compared to January 2021. Six provinces reported increases, with the largest increases in Quebec and Nova Scotia. The largest decline was reported in Newfoundland and Labrador, followed by Manitoba.
In January 2022, the increase in Nova Scotia non-residential building construction was due to higher investment in commercial and industrial investment in Halifax, as well as higher institutional/government investment outside of Halifax. The increase was partially offset by lower commercial investment outside of Halifax compared to one year ago.
Statistics Canada. Table 34-10-0175-01 Investment in Building Construction
<--- Return to Archive
