Economic Impacts of the Housing Industry 2016
Each year, CHBA reports on the significant economic impact of the residential construction industry across Canada at the national, provincial and community levels. The reports for the industry’s 2016 economic impacts are now available.
The 2016 fact sheets reflect estimated economic impacts of residential activity for the past year based on Statistics Canada and CMHC data. They include investment, direct and indirect employment, and wages paid. The scope of construction activities addressed includes new dwellings of all types, including both primary residences and cottages; renovation, conversion and repair of existing dwellings; and conversion of non-residential buildings to residential use. Other expenditures relating to new residential construction such as land transfer taxes and mortgage insurance fees are also included in these estimates. Note, however, that the estimates do not include land-value increases resulting from new residential development, as these are not collected by Statistics Canada.
As in 2015, the renovation estimates for 2016 reflect improvements in how the economic impacts of home renovation and repair are calculated.
Learn how the residential construction industry impacts your community by finding your location below.