The total value of investment in building construction dropped by more than $503 million (-2.1%) to $23.0 billion in February. The decline was exclusive to the residential sector (-3.3%), while the non-residential sector added 0.7%.

Year over year, investment in building construction grew 1.8% in February.

Investment in residential building construction was down $552.3 million to $16.0 billion. The decline in the multi-unit component (-6.9%) was moderated by an increase in the single-family component (+1.1%).

Investment in multi-unit dwelling construction decreased $630.0 million to $8.5 billion in February. Ontario (-$422.7 million) led the decline, supported by six other provinces and two territories.

Investment in single-family home construction rose $77.7 million to $7.4 billion in February. Gains in Quebec (+$103.1 million), New Brunswick (+$48.2 million) and Manitoba (+$24.2 million) were partially offset by declines in Ontario (-$54.4 million) and Saskatchewan (-$45.8 million).

Meanwhile, the value of investment in non-residential building construction edged up by $49.1 million to $7.0 billion. Growth was broad-based across the institutional (+0.9%), industrial (+0.7%) and commercial (+0.6%) components.

Investment in the institutional component rose $20.2 million to $2.2 billion in February. Alberta (+$9.9 million), Ontario (+$9.5 million) and British Columbia (+$8.6 million) were the primary contributors to the increase. These slight gains were moderated by declines across four provinces and two territories, led by Quebec (-$5.8 million).

Investment in the industrial component increased $9.0 million to $1.3 billion in February, marking the first monthly increase since January 2025. Alberta (+$4.7 million) led the growth in February 2026, with utility building construction contributing to the provincial growth. Broad gains across six other provinces and one territory also supported the overall increase.

Finally, commercial construction investment was up $19.9 million to $3.6 billion in February, led by Alberta (+$15.7 million).

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