Local builders were busy during the final three months of 2013, with Manitoba recording the biggest increase in investment in non-residential construction projects of any province, new Statistics Canada data shows.
The federal agency said today that $397 million was invested in non-residential projects in Manitoba during the quarter. That was a gain of 4.8 per cent from the province’s third-quarter total of $379 million, and more than four times the national average increase of 1.1 per cent.
It was also a 13.5 per cent increase from a year earlier, when $349 million was invested in non-residential projects. That was the second biggest Q4-to-Q4 increase among the provinces after Quebec’s 15.4 per cent, and more than 10 times the national average gain of 1.3 per cent.
The non-residential sector that saw the increase was institutional, where investment was up 7.1 per cent from the third to fourth quarter, and up 27 per cent from the final quarter of 2012.
The industrial sector had the second biggest Q3-to-Q4 increase, at 4.9 per cent, followed by the commercial sector at 3.3 per cent. However, the commercial sector had the second biggest Q4-t0-Q4 increase, at 9.3 per cent. The industrial sector’s Q4-to-Q4 gain was 4.2 per cent.