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Canadian Building Investment Dips in June as Both Residential, Non-Residential Construction Weakens

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Canadian building construction investment fell 0.5% on the month to C$23.2 billion in June, with both residential and non-residential activity edging lower, Statistics Canada said on Wednesday.

"This slight decrease occurred while the total value of building permits grew 18.5% in the month, reflecting the lag in converting permit issuance into on-site construction investment," Statistics Canada said.

Residential investment fell 0.6% monthly to C$16.1 billion, driven by a 1.9% decline in multi-unit construction, partly offset by a 0.9% rise in single-family investment. Non-residential investment edged down 0.1% monthly to C$7.1 billion, as a 0.7% drop in commercial construction offset gains in institutional and industrial investment.

Despite the monthly decline, total building investment remained 5.7% above June 2025 levels, added StatsCan. In constant-dollar terms, investment fell 0.8% on the month but rose 2.4% annually.

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