British Columbia leads growth in construction investment

Statistics Canada has released its investment in building construction data for March 2025.

According to Stats Can, investment in building construction decreased 0.9 per cent to $22.2 billion in March. The residential sector declined 1.8 per cent to $15.3 billion while the non-residential sector was up 1.3 per cent to $6.8 billion. Year over year, investment in building construction grew 5.4 per cent in March.

Investment in residential building construction, March 2025. (Statistics Canada)

British Columbia leads growth in non-residential investment

According to Stats Can, investment in non-residential construction increased by $85.5 million to $6.8 billion in March, marking the eighth consecutive monthly increase. The growth was spread across the three non-residential subsectors in March, with gains in the institutional, commercial, and industrial components.

Investment in the institutional component grew by $47.4 million to $2.0 billion in March. Gains were recorded in seven provinces and two territories, led by Saskatchewan and British Columbia.

Commercial construction investment rose by $32.9 million to $3.3 billion in March. Gains were led by British Columbia and Ontario. Quebec tempered the growth in the commercial component.