Canadians Now Pump More Into Residential Real Estate Than Business Development

Author: External Author | | Categories: First Time Homeowner Mortgage , Mortgage Broker , Mortgage Services

Canada’s economy is so dependent on housing, more money is now invested in homes than businesses development. Statistics Canada (Stat Can) data shows investment in non-residential structures, machinery and equipment is down sharply in Q4 2020. The issue isn’t a lack of investment dollars though. Money is just being pumped into residential real estate. In fact, residential investment has now grown to a larger share of GDP.

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Original Article Source Credits:   Better Dwelling ,

Article Written By:  Daniel Wong

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