‘Building Construction,’ Highlights from August 2022
The following information was released on October 17, 2022. You can find more information from this dataset online here.
Month over Month (July vs August 2022)
- Investment in Nova Scotia building construction decreased 6.5% in August 2022 to $481.1 million.
- Halifax monthly building construction decreased 14.7% to $255.1 million.
- Outside of Halifax building construction increased 4.8% to $226.0 million.
- Nationally, investment in building construction increased 0.4%.
- Nova Scotia’s non-residential building construction decreased 4.5% to $64.8 million.
- In Halifax, non-residential construction was down 2.5% to $40.5 million.
- Outside of Halifax, non-residential construction was down 7.6% to $24.3 million.
- National non-residential building construction edged down 0.2% in August 2022. Six provinces reported increases, with the largest increase in Prince Edward Island. The largest decline was reported in Nova Scotia.
Year over Year (Jan-Aug 2021 vs Jan-August 2022)
- Compared to January-August 2021, building construction investment was up 38.7% in Nova Scotia.
- Halifax construction activity was up 59.0% and outside of Halifax construction activity was up 20.6%.
- National building construction investment was up 11.6% with nine provinces reporting increases. Nova Scotia reported the largest increase in building construction investment from January-August 2021 to January-August 2022. The decline was reported in Prince Edward Island.
- Nova Scotia’s non-residential construction was up 32.8% year-to-date.
- Halifax’s non-residential construction rose 79.8%.
- Outside of Halifax, non-residential construction was down 3.8%.
- National non-residential construction investment increased 13.8% compared to January-August 2021.
*The year-to-date increase in Nova Scotia non-residential building construction was mostly due to higher investment in commercial and industrial projects in Halifax.