Canadians Now Pump More Into Residential Real Estate Than Business Development

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

Canadians Now Pump More Into Residential Real Estate Than Business Development

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 , https://betterdwelling.com/

Article Written By:  Daniel Wong

Original Article Posted on:  

Link to Original Article:  https://betterdwelling.com/canadians-now-pump-more-into-residential-real-estate-than-business-development/



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