October 26, 2018 by On-Site Staff
OTTAWA—The non-residential segment of the construction industry posted healthy growth in the third quarter of 2018.
With investments rising 0.9 per cent to a total of $14.4 billion, spending on the combined commercial, industrial and institutional sectors have inched up for six straight quarters.
The commercial and industrial parts of the industry can be credited with the latest gain. The two building segments posted increases of $141.6 million and $75.8 million, respectively, over the previous three months. Investment in the institutional sector, meanwhile, retreated $86.9 million compared to the second quarter of the year.
From a regional standpoint, Quebec and British Columbia led the way, with spending in each province increasing approximately $66 million. Builders in Alberta also booked an additional $34.9 million work.
Ontario, on the other hand, reported the largest decline for the quarter, posting $53.7 million less spending than in Q2.