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Non-residential construction drops in 2013 in CMA
With no major projects moving forward in the near future, Abbotsford’s non-residential construction investment declined in the fourth quarter of 2013.
The VCRA predicts no immediate turnaround because the area currently has no large projects scheduled for construction.
Total non-residential building construction investment spending in Abbotsford decreased 19.8 per cent to $33.2 million in the fourth quarter of 2013, compared to $41.4 million in the third quarter of 2013.
Commercial construction investment dropped 23.9 per cent to $12.3 million, while institutional-government spending fell 12.6 per cent to $17 million and industrial building investment decreased 32.6 per cent to $3.9 million.