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Canada is dependent on Real Estate for GDP growth

Location
Vancouver, Toronto, Calgary
Publish Date
2022/07/06

Canada is extremely dependent on Real Estate for GDP growth. Up to 1 in 5 GDP dollars comes from Real Estate and Rental and Leasing sector. Hence, higher interest rates are projected to slow activity. Meanwhile, household debt has surged to maintain this growth.

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Canada, Ottawa, Vancouver Island, Edmonton, Kelowna