Real estate helps Canada’s economy reverse decline

Canada’s economy grew in April by 0.1 per cent following two months of decline and real estate was a key driver of growth.

Statistics Canada’s figures show that the real estate sector added $218.8 billion to GDP in the year to April, up from $211.6 billion in the previous 12 months.

The data shows that real estate was responsible for a third of the annual GDP growth year-over-year.
A separate report from the Conference Board of Canada highlighted improving economic conditions. Its leading indicator increased 2.6 points in April with 7 of the 9 components increasing.

Commercial and industrial building permits together with employment insurance claims were the components that were lower.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Investment Hot Spots:
Rosser, Bauline, Lyalta, Alliston, Deux-Montagnes

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address


Is a T.O foreign sales tax a good idea?