Building Construction Statistics (February 2021)
Overview:
- Investment in Nova Scotia declined 3.9% in February 2021 (seasonally adjusted) compared to the previous month.
- In Halifax, monthly building construction decreased 15.1%
- Outside of Halifax, building construction increased 15.9%
- Monthly building construction was up in six provinces, with Prince Edward Island (+12.7%) and Quebec (+7.4%) posting the largest gains.
- The largest declines were in Newfoundland and Labrador (-6.0%) and Nova Scotia
- Total Nova Scotia building construction investment was $349.2 million in February 2021
- Halifax building construction totalled $198.1 million
- Building construction outside of Halifax totalled $151.1 million
Non-Residential Highlights:
- In February 2021, non-residential building construction was down 1.3% to $48.3 million in Nova Scotia (seasonally adjusted).
- In Halifax, non-residential construction was down 3.8% to $23.4 million.
- Outside of Halifax, non-residential construction was up 1.2% to $24.9 million.
- National non-residential building construction edged up 0.2% in February 2021. Five provinces reported increases, with the largest increases in Prince Edward Island (+5.4%) and New Brunswick (+1.3%). The largest declines were reported in Newfoundland and Labrador and Saskatchewan (both -2.4%).
- In the first two months of 2021, Nova Scotia’s non-residential construction (seasonally adjusted) was down 13.0% over the same period in 2020.
- Halifax’s non-residential construction was down 13.8%.
- Outside of Halifax, non-residential construction was down 12.2%.
- While national non-residential construction investment decreased 11.7%, year-to-date. Non-residential construction increased in Prince Edward Island (+18.5%) and Newfoundland and Labrador (+1.7%) over this period.
LEARN MORE: Find additional statistics, charts and information from the province here.