Investment in non-residential building construction in B.C. declined by 2.2% to $1.46 billion in 2013's second quarter compared with the previous quarter, according to Statistics Canada data released this morning.
Canadawide investment dropped by 3.4% to $12.5 billion, driven in large part by lower investment in Quebec, which saw a drop of 10.1% to $2.2 billion.
Year-over-year, the province saw an increase of 7.8%, while nationwide investment fell 0.4%.
Industrial building construction in B.C. jumped 33% to $202 million in the second quarter when compared with the same period in 2012. Commercial investment increased by 9.7% to $884 million and institutional construction fell by 5.8% to $371 million.
Vancouver non-residential building construction increased 17.5% year-over-year. Other cities saw changes of:
- Calgary (up 3.7%);
- Edmonton (down 8.7%);
- Toronto (down 1.8%); and
- Montreal (up 3.7%).
