Alberta’s Tar Sands account for 2% of Canada’s GDP.
Forestry about 1%. Agriculture 8%.
And Canada biggest GDP contributor?
Real Estate at 15%.
Meaning, the day real estate tanks, is the day Canada (economy) dies.
But no worry, Canadian real estate is expect to fly … Real Estate Is Very Sexy
Real estate sales in Canada jumped 5.9% sequentially in May, the largest gain in almost four years per Canadian Real Estate Association.