The investment in residential and non-residential building construction represents the spending value of building construction by households, enterprises and governments for buildings.

Building construction price indexes (BCPI) by type of building. Quarterly data are available from the second quarter of 1982. The table presents quarter-over-quarter and year-over-year percentage changes for various aggregation levels. The base period for the index is (2017=100).

The value of new construction put in place in Canada was expected to increase slightly in 2024. That came after drop in the value of constructions put in place in 2023. Construction spending for all types of construction projects in Canada amounted to approximately 368.8 billion U.S. dollars in 2023. By 2028, it is expected to reach over 445 billion U.S. dollars.

Canada Building Construction Investment: sa: Non-Residential data was reported at 6,666,269.108 CAD th in Dec 2024. This records an increase from the previous number of 6,582,146.468 CAD th for Nov 2024. Canada Building Construction Investment: sa: Non-Residential data is updated monthly, averaging 4,341,048.464 CAD th from Jan 2010 (Median) to Dec 2024, with 180 observations. The data reached an all-time high of 6,666,269.108 CAD th in Dec 2024 and a record low of 3,504,691.887 CAD th in Jan 2010. Canada Building Construction Investment: sa: Non-Residential data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA021: Building Construction Investment.

The Report Covers Canada Commercial Construction Companies and It is Segmented by Type (Office, Retail, Industrial and Logistics, Hospitality, and Others)

The investment in residential and non-residential building construction represents the spending value of building construction by households, enterprises and governments for buildings, excluding the value of land. The investment data for residential and non-residential building construction gives a detailed statistical image of this activity across Canada, including the provinces and territories, and census metropolitan areas (CMA). Non-residential building construction excludes expenditure on engineering work (bridges, roads, hydroelectric power plants, etc.). The statistics are used by a wide range of economists and analysts from the public and private sectors.

The size of Canada's construction industry fell by over two billion Canadian dollars in 2023. That year, the gross domestic product (GDP) of that industry amounted to 164.7 billion Canadian dollars. Despite some fluctuations, the GDP of the construction industry has increased since 1997.

Investment in non-residential building construction by seasonal adjustment, type of building and prices for provinces and census metropolitan areas (CMA), quarterly data from 1997 to today.

Between 2022 and 2024, the construction price of residential and non-residential buildings in Canada has grown at the same pace. The price of both types of buildings was roughly six percent higher in the last quarter of 2024 than in 2023, which is the year when the index base was set at 100. Nevertheless, that only considers the cost of buildings in 15 selected metropolitan areas in Canada. Toronto was by far the metropolitan region with the highest construction costs in Canada.

What determines construction costs? The growth rate of the construction price of different types of buildings tends to follow similar trends to some extent. For example, price growth rates in Canada for most types of buildings were more moderate in 2023 than in previous years. However, those figures show a lot of disparity, with the cost of building a high rise apartment building growing much faster than that of other types of buildings. This might be because the construction costs depend on elements such as the location, materials, and complexity of the building, which tend to be quite different for each type of building.

Lumber building materials in Canada In 2023, Canada was the world’s second-largest exporter of wood building materials such as veneer sheets, parquet flooring, particleboard, laminated wood, and builders’ joinery and carpentry. Forestry, logging, and processing wood into ready-to-use materials are important industries in the Canadian economy. High price growth rates of building materials impact negatively the construction industry as their activities become more expensive. However, the forestry and logging industry benefited from the cost of lumber rising in 2020 and 2021. In the past years, the price of lumber, however, has fallen again.

Canada Construction Price Index: Non Residential Building: Structures: Institutional data was reported at 153.100 1997=100 in 2007. This records an increase from the previous number of 140.600 1997=100 for 2006. Canada Construction Price Index: Non Residential Building: Structures: Institutional data is updated yearly, averaging 130.800 1997=100 from Dec 2003 (Median) to 2007, with 5 observations. The data reached an all-time high of 153.100 1997=100 in 2007 and a record low of 116.800 1997=100 in 2003. Canada Construction Price Index: Non Residential Building: Structures: Institutional data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA015: Construction Price Index: 1997=100.

Archived - Non-residential building construction price index (NRBCPI), type of building of major subtrade groups. Quarterly Data are available from the first quarter 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2002=100).

Canada Residential Construction Spending data was reported at 36,023,674.000 CAD th in Jun 2018. This records an increase from the previous number of 30,296,185.000 CAD th for Mar 2018. Canada Residential Construction Spending data is updated quarterly, averaging 4,989,388.500 CAD th from Mar 1951 (Median) to Jun 2018, with 270 observations. The data reached an all-time high of 36,023,674.000 CAD th in Jun 2018 and a record low of 163,022.000 CAD th in Mar 1952. Canada Residential Construction Spending data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA021: Building Construction Investment. Replacement series ID: 453335137

The Canada Data Center Construction Market Report is Segmented by Infrastructure (Electrical Infrastructure [Power Distribution Solution (PDU, Transfer Switches, Switchgear, Power Panels and Components, and Others), Power Back-Up Solution (UPS and Generators), and Service (Design and Consulting, Integration, and Support and Maintenance)], Mechanical Infrastructure [Cooling Systems (Immersion Cooling, Direct-To-Chip Cooling, Rear Door Heat Exchanger, and In-Row and In-Rack Cooling), Racks, and Other Mechanical Infrastructure], and General Construction), Tier Type (Tier 1 and 2, Tier 3, and Tier 4), and End User (Banking, Financial Services and Insurance, IT and Telecommunications, Government and Defense, Healthcare, and Other End Users).

Total value of construction work performed by type of work and type of construction for Canada, provinces and territories form 1952 to 1993. (Terminated)

The Canadian Residential Construction Market Report is Segmented by Type (apartments/Condominiums and Villas/Landed Houses), and by Key City (Edmonton, Calgary, Toronto, Vancouver, Ottawa, Montreal, and Rest of Canada). The Report Offers Market Sizes (USD) and Forecasts for all the Above Segments.

Commercial building construction contractors have endured declines. Interest rate hikes plunged business sentiment, decreasing expansion projects and hindering new commercial construction. Also, the transition to remote and hybrid work environments has hampered demand for office building construction, with office rental vacancies reaching a 30-year high in the fourth quarter of 2024. Industry revenue has been declining at a CAGR of 0.2% over the past five years to total an estimated $40.0 billion in 2025, including an estimated gain of 1.5% in 2025 as interest rate cuts begin to encourage new construction. Contractors have managed to expand profit from lows in 2020 but surging wage costs have strained considerable profit growth. Some of the growth for commercial building construction contractors has been price-based because of rising material costs for commercial buildings. This trend has been particularly true with office building construction, which increased as a share of revenue despite square footage under construction being at its lowest point in twenty years in the fourth quarter of 2024. Still, growth in additions and improvements spending, particularly from hotels, restaurants and bars, have buoyed the performance of contractors. Also, new construction in markets like warehouses, indoor recreational buildings and retail and wholesale outlets has provided contractors with avenues for growth. Commercial building construction contractors will enjoy solid growth. Continued rate cuts through 2025 will incentivize new construction. One market that will greatly benefit contractors is new hotel construction. While other markets will improve, office building construction may lag as vacancy rates remain high and 90.0% of active office building construction is set to be complete in 2025. Contractors will struggle to expand profit as labour shortages persist and push up wage costs. Tariffs may hike construction material prices, particularly HVAC equipment, potentially disincentivizing downstream construction expenditures. Also, contractors will have to adapt to some evolving trends, like the increased use of modular construction and changing building codes to improve commercial building sustainability. Modular construction techniques will help contractors combat labour shortages and higher wage costs because they are less labour-intensive. Overall, industry revenue is forecast to expand at a CAGR of 1.9% to total an estimated $44.0 billion through the end of 2030.

This statistic displays the distribution of employment in the Canadian construction sector in 2019, broken down by sector. Around 27 percent of the employees in the Canadian construction industry work in residential innovation and maintenance.

Residential values by type of investment for Canada, provinces and territories, quarterly data from 1951 to today.

Building construction price indexes (BCPI) by type of building and construction division. Quarterly data are available from the first quarter of 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2023=100).

Canada Residential Construction Spending: Renovations data was reported at 16,362,956.000 CAD th in Jun 2018. This records an increase from the previous number of 12,779,103.000 CAD th for Mar 2018. Canada Residential Construction Spending: Renovations data is updated quarterly, averaging 1,864,000.000 CAD th from Mar 1951 (Median) to Jun 2018, with 270 observations. The data reached an all-time high of 16,362,956.000 CAD th in Jun 2018 and a record low of 7,873.000 CAD th in Mar 1951. Canada Residential Construction Spending: Renovations data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA021: Building Construction Investment.