Community Dashboard: Residential building construction
Rationale and analysis
Why this measurement is important
Building activity indicators provide insight on the health of the broad economy as the level of construction activity plays a key role in how the overall economy performs.
How we measure this data
As reported by Statistics Canada with a monthly frequency, summarized on an annual / year-to-date basis.
Figures are seasonally adjusted, constant (adjusted for inflation).
Statistics Canada may not include data relating to Grimsby and West Lincoln and, therefore, this indicator is illustrative only of Niagara Region residential building construction values.
About this indicator
Indicator shows total investment in residential building construction, including single and multiple-dwellings, excluding the value of land.
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