Investment in New Housing Construction

Status:
Active
Frequency:
Monthly
Record number:
5155

The monthly investment in new housing construction represents the spending value for individuals, enterprises and governments in the construction of new residential dwellings during the reference period. The four dwelling types covered by this monthly release are the singles, doubles, rows and apartments.

Detailed information for September 2014

Data release - November 20, 2014

Description

The monthly investment in new housing construction represents the spending value for individuals, enterprises and governments in the construction of new residential dwellings during the reference period. The four dwelling types covered by this monthly release are the singles, doubles, rows and apartments.

The data on building permits are used to associate an average value for each dwelling type in every province to the number of housing starts from Canada Mortgage and Housing Corporation (CMHC). Work-put-in-place coefficients are used to spread the value of housing starts over the construction period.

The statistics are used by both internal and external clients such as the Canadian System of National Accounts, Bank of Canada, Finance Canada and a wide range of economists and analysts from the public and private sector.

Subjects

  • Construction
  • Residential construction

Data sources and methodology

Target population

The target population consists of new investment for the four principal dwelling types (singles, doubles, rows and apartments) as defined by 2006 Census.

Data sources

Data are collected from other Statistics Canada surveys and/or other sources.

The monthly investment in new housing construction is based on the Building Permits Survey of Canadian municipalities (survey record 2802) and the Starts and Completions Survey of the Canada Mortgage and Housing Corporation (CMHC).

Error detection

The monthly investments in new housing construction is calculated by associating, to data from the Building Permit Survey, an average value for each dwelling type, in each province to the number of housing starts from CMHC (Canada Mortgage and Housing Corporation). Most reporting and data entry errors are corrected through computerized input and complex data review procedures. Strict quality control procedures are applied to ensure that collection, coding and data processing are as accurate as possible. Checks are also performed on totals and the magnitude of data.

Estimation

The monthly investments in new housing construction is calculated by associating, to data from the Building Permit Survey, an average value for each dwelling type, in each province to the number of housing starts from CMHC (Canada Mortgage and Housing Corporation). Work-put-in- place coefficients are also used to spread the value of housing starts over the construction period.

The investment for a given month will be a function of the work done on units started in that month, in addition to the work done on all the other housing starts from preceding months for which the construction would not be completed.

Quality evaluation

Estimates on investments in new housing construction and its four main components (singles, doubles, rows and apartments) are compared periodically with the data and trends from building permits, data on housing starts and completions units from CMHC and various others sources to ensure that consistency and the quality of estimates are maintained. Any irregularities identified are carefully analysed and any corrections are made before the official release.

Disclosure control

Statistics Canada is prohibited by law from releasing any information it collects which could identify any person, business, or organization, unless consent has been given by the respondent or as permitted by the Statistics Act. Various confidentiality rules are applied to all data that are released or published to prevent the publication or disclosure of any information deemed confidential. If necessary, data are suppressed to prevent direct or residual disclosure of identifiable data.

Revisions and seasonal adjustment

Estimates for new investment are periodically revised when quarterly residential investment data are released. With the first quarter, revisions are made back four years in accordance to the National Account revision policy.

Data accuracy

No direct measure of the margin of error in the estimates can be calculated. The quality of the estimates can be inferred from analysis of revisions and from a subjective assessment of the data sources and methodology used in preparation of the estimates.

Documentation