Investment in Canadian building construction has risen 5.6%, Turner & Townsend says in its latest quarterly national market-intelligence report.

The showing marked the strongest gain since the third quarter of 2020 and signals renewed momentum following recent volatility. But the momentum may not persist as forward-planning effects taper off amid trade-policy uncertainty, said the company.

Investment in residential construction jumped 8.2% largely due to a backlog of multi-unit projects that were placed in the pipeline during previous quarters. Stronger demand for rental-apartment construction also fuelled the increase.

Non-residential construction rose 2.5% as it was bolstered by continued progress on institutional projects, including schools, hospitals and other government buildings.