Calgary Investment in Commercial Building Construction On The Rise

Posted on April 18, 2013 by Patrick Hospes and Julie Matthewson

Investment in non-residential building construction in the Calgary region was on the rise in the first quarter of this year, according to Statistics Canada.

The federal agency reported Thursday that investment in the Calgary census metropolitan area reached $913 million, 3.2 per cent growth from last year.

The commercial sector saw investment increase by 4.9 per cent to $742.6 million while the industrial sector experienced a rise of 85.4 per cent to $58.4 million.

In the institutional category, investment was down by 22.8 per cent to $112 million.

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