Real Estate contributes a whopping 15% to Canadian economy

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.

Toronto home sales, prices surge in June

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…

TD Bank forecasts 5 to 6 per cent rise in house prices

CTV News
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.

Condo sales surge ashouse prices climb

Toronto Star
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 …

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