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According to Statistics Canada, total national investment in building construction increased 12 per cent in June to $14.9 billion in after increasing 62.2% in May, to complete an impressive rebound from historic lows caused by the pandemic.

Although workplace guidelines remained largely in place during June, construction sites were mostly back to normal activity, contributing to gains in all parts of the residential and non-residential sectors. June investments remained just 3.1% lower than February 2020, before COVID-19-related restrictions were first put in place.

Investment in residential construction rose 12.2% to $9.4 billion, with gains in both single-unit (+13.0% to $4.7 billion) and multi-unit (+11.4% to $4.7 billion) investment. Ontario and Quebec led all, and Saskatchewan was the only province to report a decline. After back-to-back months of strong gains, national residential investment still remained 8.6% lower than February 2020 levels.

Non-residential construction investment increased 11.6% to $5.5 billion in June. Gains in Ontario and Quebec compensated for declines reported in all other provinces. Commercial work represented the majority of non-residential gains, up 14.7% to $3.3 billion, with notable increases in Ontario and Quebec. Alberta (-4.2% to $384.5 million) and British Columbia (-3.2% to $458.3 million) reported the largest declines for the month.

The industrial (+7.7%) and institutional (+6.6%) sectors also increased in June, supported by strong gains in Ontario and Quebec.

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