Highlights from Building Construction (February 2022)
The following was shared by the Finance and Treasury Board on April 13, 2022. To find more information and national stats, view the full release here.
Investment in Nova Scotia building construction increased 4.2% in February 2022 (seasonally adjusted) compared to January 2022.
- Halifax monthly building construction decreased 1.2% in February 2022 and outside of Halifax building construction increased 11.5%.
- Nationally, investment in building construction increased 4.0% in February 2022.
Compared to January-February 2021, building construction investment was up 33.4% in Nova Scotia.
- Outside of Halifax construction activity was up 47.6% and Halifax construction activity was up 24.0%.
- National building construction investment was up 12.6% with eight provinces reporting increases.
- The largest increases from January-February 2021 to January-February 2022 were reported in Nova Scotia and Manitoba
Total Nova Scotia building construction investment was $499.9 million in February 2022.
- Halifax building construction totaled $271.3 million in February 2022 and outside of Halifax building construction was $228.6 million.
- There had been a notable acceleration in building construction investment since the end of 2020, particularly residential construction investment in Halifax.
In February 2022, non-residential building construction increased 3.3% to $65.9 million in Nova Scotia (seasonally adjusted).
- In Halifax, non-residential construction was up 5.2% to $37.2 million. Outside of Halifax, non-residential construction was up 1.0% to $28.7 million.
- National non-residential building construction was up 1.1% in February 2022.
In January-February 2022, Nova Scotia’s non-residential construction was up 28.0% over January-February 2021.
- Halifax’s non-residential construction rose 52.8%. Outside of Halifax, non-residential construction was up 6.0%.