Canada’s Over 30% More Dependent On Real Estate Than The US In 2006, Shows GDP

Author: MOHIT VERMA | | Categories: Mortgage Broker , Mortgage Refinancing , Mortgage Services

Most didn’t think it was possible, but this morning’s numbers show Canada is now more dependent on real estate. Statistics Canada (Stat Can) GDP data shows residential investment made a big climb in Q4 2020. The segment of investment has grown much faster than total GDP over the past few years. Canada is now almost 30% more dependent on real estate than the US was during their housing bubble.

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Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Stephen Punwasi

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Link to Original Article:  https://betterdwelling.com/canadas-over-30-more-dependent-on-real-estate-than-the-us-in-2006-shows-gdp/



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