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.
TThe Globe and Mail
he Globe’s Real Estate Beat offers news and analysis on the Canadian housing market. Read more on The Globe’s housingpage. Toronto’s housing market chalked up a stellar June, with both sales and prices surging from a year earlier. Friday’s report…
But looking past the short- to medium-term forecasts, Petramala said the Canadian real estate market is still expected to cool when interest rates rise and the number of available homes increase.
Gera Nevolovich has accepted that he will never be able to afford a house in Toronto for his two young sons. He considers himself lucky to be living in the next best thing – a two-bedroom condo within easy walking distance of the Davisville Park …