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Figure 18:
Provincial construction key economic indicators – movement (%) or index value where stated
British Columbia
Alberta
Saskatchewan
Manitoba
Consumer Price Index (CPI) - MoY
July 2026–July 2025
2.9
4.2
4.1
4.2
Construction investment - constant prices
Q2 2026–Q1 2026
6.9
-10.1
-5.6
15.7
Value of building permits - constant prices
Q2 2026–Q1 2026
-13.1
-1.3
24.3
5.2
Housing starts - at annual rates
Q2 2026–Q1 2026
1.0
12.6
117.6
41.0
Construction unemployment rate
July 2026
2.6
3.2
3.8
1.7
Construction escalation
2026
2.5 - 3.5
3.0 - 4.0
3.5 - 4.5
3.5 - 4.5
Construction escalation
2027
3.5 - 4.5
4.0 - 5.0
4.5 - 5.5
4.0 - 5.0
Ontario
Quebec
Atlantic Canada
Consumer Price Index (CPI) - MoY
2.0
3.3
4.5
Construction investment - constant prices
Q2 2026–Q1 2026
-0.1
6.4
-10.5
Value of building permits - constant prices
Q2 2026–Q1 2026
8.8
5.2
5.4
Housing starts - at annual rates
Q2 2026–Q1 2026
11.3
-12.9
4.6
Construction unemployment rate
July 2026
5.0
5.0
7.4
Construction escalation
2026
1.0 - 2.0
2.5 - 3.5
3.5 - 4.5
Construction escalation
2027
3.0 - 4.0
3.0 - 4.0
3.5 - 4.5
Source: Bank of Canada, Canada Mortgage and Housing Corporation and Statistics Canada
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