Alberta sees healthy hike in investment for new home construction

January investment up 14.7 per cent from the previous year, to $644.6 million: StatsCan

Mario ToneguzziNew housing construction investment in Alberta jumped to $644.6 million in January, up 14.7 per cent from the previous year, says a report released on Wednesday by Statistics Canada.

“In Alberta, spending increased in every component, led by single homes (+$56.6 million), which accounted for over two-thirds of the increase compared with January 2017,” said the federal agency

Nationally, investment totalled $4.4 billion in January, up 9.4 per cent compared with January 2017. Investment was up for all dwelling types.

Respected business writer Mario Toneguzzi is a veteran Calgary-based journalist who worked for 35 years for the Calgary Herald in various capacities, including 12 years as a senior business writer.

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