Issue 16-194: Non-Residential Building Investment
October 14, 2016
Investment in non-residential building construction in B.C. amounted to $1.5 billion in the third quarter, down (-3.6%) from the second quarter. This marked the first quarterly decrease of 2016. The dip was due to slowed spending in the industrial (-7.8%), institutional and governmental (-4.2%) and commercial (-2.6%) sectors.
Nationally, non-residential building investment totalled $12.5 billion in the third quarter, 0.5% lower than the previous quarter.
Data Source: Statistics Canada