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.