Canadians Now Pump More Into Residential Real Estate Than Business Development

Author: External Author | | Categories: Best Mortgage Broker , First Time Home Buyer Mortgage , Mortgages

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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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