Construction Statistics: Highlights from “Building Construction (April 2022)”
Nova Scotia’s Finance and Treasury Board released the following statistics on June 13, 2022. Please click here to access the full dataset provided.
Month over Month (April vs March 2022)
Investment in Nova Scotia building construction decreased 1.7% in April 2022 (seasonally adjusted) to $497.5 million.
- Halifax monthly building construction decreased 3.6% to $249.2 million while outside of Halifax building construction increased 0.3% to $248.4 million.
- Nationally, investment in building construction increased 2.7%.
Nova Scotia’s non-residential building construction edged down 0.2% to $67.1 million (seasonally adjusted).
- In Halifax, non-residential construction was up 1.8% to $39.9 million. Outside of Halifax, non-residential construction was down 2.9% to $27.3 million.
- National non-residential building construction was up 1.4% in April.
- Seven provinces reported increases, with the largest increase in New Brunswick. The largest decline was reported in Prince Edward Island.
Year-to-date (January-April 2022 vs January-April 2021)
Compared to January-April 2021, building construction investment was up 40.2% in Nova Scotia.
- Outside of Halifax construction activity was up 38.8% and Halifax construction activity was up 41.4%.
- National building construction investment was up 10.6% with seven provinces reporting increases.
- Nova Scotia reported the largest increases in building construction investment from January-April 2021 to January-April 2022
Nova Scotia’s non-residential construction was up 29.8% year-to-date.
- Halifax’s non-residential construction rose 66.3%. Outside of Halifax, non-residential construction was flat (-0.02%).
- National non-residential construction investment increased 13.3% compared to January-April 2021.
- Six provinces reported increases, with the largest increases in Quebec and Nova Scotia. The largest declines were reported in Newfoundland and Labrador and Prince Edward Island.