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Investment in Alberta’s housing markets has nosedived, another sign of the province’s shuddering economy.

Statistics Canada numbers released Monday show investment in housing construction in Alberta has dropped 30 per cent since June 2015, to $641 million from close to a billion dollars.

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That’s the biggest drop of any province. Only Nunavut’s housing market took a bigger hit.

Alberta’s bucked the national trend, which saw an 8.7-per -cent increase year over year, to $4.4 billion in June.

The province will release its 2016-17 first quarter fiscal update Tuesday, and with oil prices continuing to languish under $50 US per barrel, the picture remains bleak.

Wildrose MLA and jobs critic Grant Hunter said Alberta’s drop in housing investment isn’t a surprise and said points to a lack of confidence in the provincial government.

“You don’t need to incentivize companies. You need to instil a sense that government isn’t going to change the playing field a year from now,” he said.