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BC New Home Building Investment up 11%: StatCan

Joannah Connolly
January 22, 2015

Investment in BC residential construction in November 2014 rose 10.9 per cent year over year – the country’s second-largest increase after Alberta, according to Statistics Canada data released January 22.

The $687 million invested in BC in November was down 7.8 per cent compared with the previous month – an anticipated seasonal drop.

As in previous months, townhome construction was the biggest driver of the increase, rising 34 per cent year over year.

Single-family homes were up 10.3 per cent compared with November 2013. Investment in duplexes rose 10.9 per cent year over year, and condo construction investment was up 6.6 per cent.

Across Canada, $4.1 billion was invested in residential construction in November – an increase of 3.7 per cent year over year.

To see Statistics Canada’s interactive chart, click here.

Joannah Connolly
Joannah Connolly is editorial director of Glacier Real Estate, Glacier Media's real estate division. Joannah writes and curates real estate news for Glacier Media's local newspaper websites, including the Vancouver Courier, North Shore News, Burnaby Now, Tri-City News and others. She also oversees editorial content in Real Estate Weekly Homes, West Coast Condo, Western Investor and Glacier's special real estate publications. A dual Canadian-British citizen, Joannah has 22 years of journalism and editing experience in Vancouver and London, with a background in construction, architecture, healthcare and business media. Joannah has appeared on major local TV outlets as a real estate commentator, has moderated and spoken on various industry panels, and spent two years hosting the Real Estate Therapist radio show on Roundhouse Radio.