Stock and consumption of fixed
capital, 2014
Released at 8:30 a.m. Eastern time in The Daily, Tuesday, November 24, 2015
The value of Canada's non-residential and residential net capital stock increased 2.7% from 2013 to $3.6 trillion
in 2014. Non-residential capital stock represented 51.5% of the total stock in 2014, while residential capital stock
accounted for 48.5%.
Non-residential capital stock
Non-residential capital stock, which is composed of building and engineering construction, machinery and
equipment as well as intellectual property products, stood at $1.9 trillion in 2014, 2.5% higher than in 2013. The
stock of non-residential engineering construction rose 4.9% following a 5.7% gain in 2013, while the stock of
non-residential building construction increased by 1.7%.
When calculating capital stock, a decrease in the level of stock occurs when the level of depreciation is higher than
the flow of new investment. For 2014, this occurred for two asset categories, intellectual property products (-0.6%)
and machinery and equipment (-0.4%). For machinery and equipment, this was the second consecutive year with a
lower level of stock.
Chart 1
End-year net stock
billions of dollars at 2007 constant prices
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
1995
1997
1999
2001
2003
2005
2007
2009
2011
Non-residential buildings
Engineering construction
Machinery and equipment
Intellectual property products
Source(s): CANSIM table 031-0006.
2013
The Daily, Tuesday, November 24, 2015
Alberta expands its share of total stock
Alberta had $573 billion worth of non-residential stock in 2014, accounting for just under one-third of the total
non-residential stock in Canada. In 2011, Alberta surpassed Ontario to become the province holding the largest
share of Canada's non-residential stock, primarily as a result of increases in the mining, quarrying and oil and gas
extraction industries.
Chart 2
The share of Canada's geometric net stock in Alberta and Ontario
% share
34
32
30
28
26
24
22
20
18
1995
1997
1999
2001
2003
2005
2007
2009
2011
2013
Ontario's % share of Canada's geometric net stock
Alberta's % share of Canada's geometric net stock
Source(s): CANSIM table 031-0005.
The non-residential capital stock rose in seven provinces and two territories. Newfoundland and Labrador had the
strongest growth at 9.7%, followed by Nunavut (+6.6%), Alberta (+5.3%) and Saskatchewan (+5.2%). The level of
capital stock decreased in Prince Edward Island, Nova Scotia, Northwest Territories and New Brunswick.
For almost half of the provinces and territories, more than one-third of non-residential capital stock was held by the
government sector. However, capital stock was highly concentrated in the mining, quarrying and oil and gas
extraction industries in four provinces. In 2014, these industries accounted for 70% of the capital stock in the
Northwest Territories, 61% in Alberta, 48% in Newfoundland and Labrador and 46% in Saskatchewan. At the
Canada level, 29% of the non-residential capital stock was in the mining, quarrying and oil and gas extraction
industries, while 25% was in the government sector.
Residential capital stock
Residential capital stock, which consists of renovations, new residential construction and transfer costs,
increased 2.9% to $1.8 trillion in 2014. Overall, 68% of the total residential stock was due to the original investment
in the home while 32% was due to renovations made to homes during their lifecycle.
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Component of Statistics Canada catalogue no. 11-001-X
The Daily, Tuesday, November 24, 2015
The pace of residential stock growth was similar to that in 2013, with every province and territory posting a gain
in 2014, led by Alberta (+4.2%), Saskatchewan (+4.1%) and British Columbia (+4.0%).
Chart 3
Residential end-year net stock
billions of dollars at 2007 constant prices
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
1995
1997
1999
2001
New residential construction
2003
2005
2007
2009
2011
2013
Renovations
Source(s): CANSIM table 031-0008.
Note to readers
This release reflects revised estimates of investment flows and prices in accordance with the 2015 comprehensive revision of the
Canadian System of Macroeconomic Accounts. Additional information is available in the article "A preview of the 2015 comprehensive
revision of the Canadian System of Macroeconomic Accounts."
The classification of non-residential capital stock is based on the final demand classification used in supply and use tables.
Estimates of non-residential and residential investment, depreciation and the associated net stocks are available by geographical
breakdown on a current price basis, 2007 constant price basis (2007 asset price = 100) and chained (2007) dollar basis. Non-residential
estimates of depreciation and stocks are available by industry and by asset, using linear, geometric and hyperbolic methods. Residential
estimates are available by type of investment using geometric methods.
Component of Statistics Canada catalogue no. 11-001-X
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The Daily, Tuesday, November 24, 2015
Table 1
End-year net stock at 2007 constant prices
2014
millions of dollars
Mining, quarrying and oil and gas extraction
Government sector
Utilities
Finance, insurance, real estate, rental and leasing
Transportation and warehousing
Manufacturing
Retail trade
Information and cultural industries
Agriculture, forestry, fishing and hunting
Construction
Wholesale trade
Accommodation and food services
Professional, scientific and technical services
Health care and social assistance
Arts, entertainment and recreation
Administrative and support, waste management and remediation services
Non-profit institutions serving households
Other services (except public administration)
Educational services
536,039
462,265
215,844
123,110
131,301
119,066
45,333
43,300
40,097
28,679
25,253
21,896
21,465
11,407
11,258
9,421
10,104
4,505
2,761
Source(s): CANSIM table 031-0006.
Available in CANSIM: tables 031-0005 to 031-0008.
Definitions, data sources and methods: survey numbers 2820 and 5169.
For more information, or to enquire about the concepts, methods or data quality of this release, contact us
(toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media
Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).
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Component of Statistics Canada catalogue no. 11-001-X