Investment in building construction decreased 1.7 percent to $20.9 billion in July, according to StatCan, following increases in May and June. Year over year, investment in building construction rose 7.0 percent in July. Both the residential and non-residential sectors posted declines in July.
Residential construction spending was down by 2.2 percent or $330 million to $14.6 billion in July. Overall, single-family home investment decreased 2.2 percent or $148.9 million to $6.7 billion, with increases logged only in Saskatchewan and Nunavut.
