Reno spending drives residential construction in 2014

OTTAWA — Residential construction investment in Canada rose 6.8% to $28.5 billion in the fourth quarter, compared with the same quarter in 2013, reports Statistics Canada. Renovation spending accounted for most of the increase at the national level, rising 10.3% to $12.9 billion. Construction of single-family dwellings was up 5.1% to $6.8 billion, while row houses were up 13.6% to $1.2 billion and apartments were up 3.5% to $3.8 billion…

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