Robert Koci
Stats Can says construction industry down, and the res part is even downer
Canadian Contractor canada Commercial MarketAlmost all industries are up except construction. Within construction, residential is the worst.
The following is an excerpt from today’s report on general industry trends in Canada:
Construction and home resale market down
Construction edged down 0.1% as the decline in residential building construction more than offset the gain in non-residential building construction. Most types of residential building construction declined in January. In non-residential building construction, gains in industrial and commercial buildings outweighed a decline in institutional buildings.
Engineering and repair work was unchanged in January as the increase in engineering construction was offset by a decline in repair work.
After four consecutive monthly increases, the output of real estate agents and brokers declined 3.1% in January as activity in the home resale market decreased.
For the full report, go to: Stats Can Daily
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