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Canadian Real Estate an Economic Boost

Monday Mar 07 2016

Via Huffington Post Canada (Original Article)

Canada’s economy emerged fairly strongly in the fourth quarter of 2015, despite projections of zero growth.

And for that, you can thank real estate.

Data released by Statistics Canada on Monday shows the country’s gross domestic product (GDP) growing by 0.8 per cent in the fourth quarter. Canada’s total annual GDP growth was 1.2 per cent.

Housing accounted for a $7.4 billion increase in GDP — about half of Canada’s economic growth in 2015, the agency said…

Read the full article

graph march 7

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