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Figure 18:
Provincial construction key economic indicators – movement (%) or index value where stated
British Columbia
Alberta
Ontario
Quebec
Consumer Price Index (CPI) - MoY
May 2025 - May 2024
2.3
1.7
1.7
1.7
Construction investment - constant prices
Q1 2025 - Q4 2024
-1.8
-0.2
7.0
0.6
Value of building permits - constant prices
Q1 2025 - Q4 2024
26.8
6.4
-6.2
-6.5
Housing starts - at annual rates
Q1 2025 - Q4 2024
-29.7
-1.6
-20.6
2.4
Construction unemployment rate
April 2025
4.4
9.0
10.1
6.5
Source: Bank of Canada, Canada Mortgage and Housing Corporation and Statistics Canada
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