Economy

ItemMonthly:
2025 Feb
Monthly:
2025 Mar
Monthly:
2025 Apr
Monthly:
2025 May
Quarterly:
2024 Q3
Quarterly:
2024 Q4
Quarterly:
2025 Q1
Year
to Date*
Annual:
2023
Annual:
2024
Real Gross Domestic Product ($2017 millions)  footnote 1948,226954,297N/A947,006932,757947,006
Real Gross Domestic Product (% change)0.40.6N/A1.51.71.5
Current Dollar Gross Domestic Product ($ millions)   footnote 11,183,8791,204,079N/A1,178,0921,119,5451,178,092
Current Dollar Gross Domestic Product (% change)1.11.7N/A5.25.45.2

Employment

ItemMonthly:
2025 Feb
Monthly:
2025 Mar
Monthly:
2025 Apr
Monthly:
2025 May
Quarterly:
2024 Q3
Quarterly:
2024 Q4
Quarterly:
2025 Q1
Year
to Date*
Annual:
2023
Annual:
2024
Employment (000's)8,2578,2308,1958,1998,1788,1838,2438,1848,0068,146
Net New Jobs (000's)16.9−27.5−34.63.437.65.859.2125.5242.0140.0
Net New Jobs (% change)0.2−0.3−0.40.00.50.10.71.63.11.7
Unemployment Rate (per cent)7.37.57.87.97.17.47.57.75.67.0
Average Weekly Wage Rate, nsa ($)1,3631,3611,3611,3741,3551,3691,3621,3641,2791,339
Average Weekly Wage Rate, nsa (% change)3.53.73.54.85.14.83.43.75.04.7
Employment Insurance Beneficiaries (regular)165,740167,880175,080N/A157,867159,207165,140190,480124,999154,097
Employment Insurance Beneficiaries (regular) (% change)2.41.34.3N/A4.90.83.710.5−10.123.3

Consumers

ItemMonthly:
2025 Feb
Monthly:
2025 Mar
Monthly:
2025 Apr
Monthly:
2025 May
Quarterly:
2024 Q3
Quarterly:
2024 Q4
Quarterly:
2025 Q1
Year
to Date*
Annual:
2023
Annual:
2024
Retail Sales ($ millions)25,95326,15026,210N/A74,94677,17178,11794,806297,337300,838
Retail Sales (% change)−0.20.80.2N/A1.43.01.24.50.71.2
New Motor Vehicle Sales, nsa (units)511287786277110N/A195227180512175894253004718,015764,392
New Motor Vehicle Sales, nsa (% change)−1312.28.7N/A1.36.10.93.211.96.5
Consumer Price Index (CPI), nsa164.6165.1164.8165.9163.3163.2164.1164.6158.7162.5
Consumer Price Index (CPI), nsa (% change)2.72.31.61.72.31.82.22.03.82.4

Housing

ItemMonthly:
2025 Feb
Monthly:
2025 Mar
Monthly:
2025 Apr
Monthly:
2025 May
Quarterly:
2024 Q3
Quarterly:
2024 Q4
Quarterly:
2025 Q1
Year
to Date*
Annual:
2023
Annual:
2024
Housing Starts (000's)  footnote 257.139.267.068.877.065.0N/A1.089.374.6
Housing Starts (% change)1.4−31.471.02.72.5−15.6N/A110.0−7.1−16.5
MLS Home Resales (units)11,83211,25311,61112,72241,45346,90536,91963,191170,001174,673
MLS Home Resales (% change)−14.5−4.93.29.62.313.2−21.3−16.6−12.42.7

Business

ItemMonthly:
2025 Feb
Monthly:
2025 Mar
Monthly:
2025 Apr
Monthly:
2025 May
Quarterly:
2024 Q3
Quarterly:
2024 Q4
Quarterly:
2025 Q1
Year
to Date*
Annual:
2023
Annual:
2024
Manufacturing Sales ($ millions)32,09831,77031,012N/A91,95792,48395,032123,963389,693371,638
Manufacturing Sales (% change)3.0−1.0−2.4N/A−1.40.62.80.25.3−4.6
Internal Merchandise Exports, nsa ($ millions)   footnote 321,28624,28720,071N/A59,95166,60069,93190,001252,105252,418
International Merchandise Exports, nsa (% change)−1.913.6−6.7N/A−3.66.411.66.99.60.1
International Merchandise Imports, ($ millions)   footnote 337,11243,11539,043N/A117,373118,599117,685156,728457,930464,183
International Merchandise Imports, nsa (% change)3.88.3−1.0N/A1.02.67.65.33.21.4
Wholesale Trade ($ millions)47,50747,23846,284N/A137,331141,019141,957181,717546,362548,383
Wholesale Trade (% change)0.6−0.6−2.0N/A1.02.70.74.311.40.4
Non-residential Building Permits ($ millions)1,6471,6932,046N/A6,8975,8505,0956,15121,32325,182
Non-residential Building Permits (% change)−6.22.820.8N/A17.7−15.2−12.9−18.513.318.1
Private and Public Investment ($ millions)110,613116,413
Private and Public Investment (% change)17.05.2

Notes

All monthly and quarterly data are seasonally adjusted unless otherwise specified with nsa "." Per cent change for seasonally unadjusted (nsa) data is calculated on a year-to-year basis.

Sources: Statistics Canada, Ontario Ministry of Finance, Canada Mortgage and Housing Corporation and Canadian Real Estate Association.

Contact us

For further information, please contact us at:

Ministry of Finance
Economic Analysis Unit
Macroeconomics and Revenue Branch
Office of Economic Policy
6th Floor, Frost Building North
95 Grosvenor Street
Toronto ON M7A 1Z1
416-325-0755