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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

April 13, 2022

Total residential and non-residential construction

Investment in Nova Scotia building construction increased 4.2% in February 2022 (seasonally adjusted) compared to January 2022. Halifax monthly building construction decreased 1.2% in February 2022 and outside of Halifax building construction increased 11.5%.

Nationally, investment in building construction increased 4.0% in February 2022. Monthly building construction was up in eight provinces with Saskatchewan and Quebec posting the largest gains. The declines were reported in Prince Edward Island and Newfoundland and Labrador.

Compared to January-February 2021, building construction investment was up 33.4% in Nova Scotia. Outside of Halifax construction activity was up 47.6% and Halifax construction activity was up 24.0%. National building construction investment was up 12.6% with eight provinces reporting increases and Newfoundland and Labrador and Saskatchewan reporting declines. The largest increases from January-February 2021 to January-February 2022 were reported in Nova Scotia and Manitoba. 

Total Nova Scotia building construction investment was $499.9 million in February 2022. Halifax building construction totaled $271.3 million in February 2022 and outside of Halifax building construction was $228.6 million. There had been a notable acceleration in building construction investment since 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 February 2022, residential construction investment (seasonally adjusted) in Nova Scotia increased 4.3% to $434.0 million. Halifax residential construction was down 2.2% to $234.1 million. Outside of Halifax residential construction was up 13.2% to $199.9 million.

National residential construction increased 5.0% month-over-month as eight provinces reported higher residential construction investment. The largest increase was reported in Saskatchewan followed by Quebec. Prince Edward Island and Newfoundland and Labrador were the only provinces to report a decline, month over month.

In January-February 2022, residential construction investment was up 34.3% in Nova Scotia compared to January-February 2021. Halifax's residential construction was up 20.5%. Outside of Halifax, residential construction was up 56.9%, year-to-date.

National residential construction was up 12.9%. Eight provinces reported higher residential construction investment over January-February 2021. The largest increases were reported in Manitoba and the three Maritime provinces. Newfoundland and Labrador and Saskatchewan reported declines. 

Higher renovations was the largest factor in the year-to-date increase. In January-February 2022, new construction was up both for singles and multiple dwelling units across the province compared to January-February 2021.


Non-residential construction

In February 2022, non-residential building construction increased 3.3% to $65.9 million in Nova Scotia (seasonally adjusted). In Halifax, non-residential construction was up 5.2% to $37.2 million. Outside of Halifax, non-residential construction was up 1.0% to $28.7 million.

National non-residential building construction was up 1.1% in February 2022. Seven provinces reported increases, with the largest increase in Saskatchewan, followed by Nova Scotia. The largest decline was reported in Newfoundland and Labrador.

In January-February 2022, Nova Scotia's non-residential construction was up 28.0% over January-February 2021. Halifax's non-residential construction rose 52.8%. Outside of Halifax, non-residential construction was up 6.0%.

National non-residential construction investment increased 11.8% compared to January-February 2021. Six provinces reported increases, with the largest increases in Nova Scotia and Quebec. The largest decline was reported in Newfoundland and Labrador, followed by Manitoba. 

In January-February 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 January-February 2021.

Statistics Canada.  Table  34-10-0175-01   Investment in Building Construction

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