Textbooks all over the world will have to be revised soon, that Canada’s economy is no longer natural resources.
Our principal business is now real estate, particularly residential dwellings. While our speciality is neither an exportable commodity nor services, it is nonetheless a very high-tech thingy – a kind of super-duper technology simply known as “house-flipping” in real estate terminology.
Welcome to Canada, we are not only the second largest land mass on earth, we are also the world’s second biggest real estate economy … Many believe it’s because we are the biggest importer of dirty money?
Global News may have a clue for you: –
Perhaps also the mafia developers who are thinking of tearing down landmark of the City of Toronto,
Anyway, some say our real estate is a “fake” business because,
And they give this piece as evidence to back up their theory that real estate is unreal … basically insinuating real estate is basically a scam,
And they argued,
I beg to differ.
I say real estate is real. This is written in the name of the business – “REAL” estate. Call it by any other name, it’s still real eg. “realty”. “real property” … No one ever tell me there is such thing as “fake” estate or something in that direction.