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Province sees Q4 surge in non-residential construction

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Investment in non-residential construction projects increased at the fastest pace in the country in Manitoba in the first quarter of this year, Statistics Canada said today.

The agency said $360 million was spent on commercial, industrial and institutional building projects in the province during the quarter.

That was a seven per cent increase over the $337 million that was spent in the final quarter of last year. It was also a 20.9 per cent improvement over the $298 million spent in the first quarter of 2012.

The month-over-month and year-over year increases were both the largest percentage gains posted by any province during the quarter, the StatsCan figures show. The agency also noted that Manitoba was one of only four provinces to record a month-to-month increase, and one of only five to see a year-over-year improvement.

Nationally, the month-to-month increase was one per cent ($12.4 billion versus $12.3 billion), and the year-over-year gain was 4.3 per cent, the agency said.

 

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