Real estate sector GDP mixed in June

There was a decline in the GDP for the construction industry and real estate agents in June but landlords fared better according to GDP data released by Statistics Canada.

Both residential and commercial construction were down as well as repairs and other construction activity; overall construction GDP was down 0.4 per cent.

Real estate agents and brokers saw a second month of decline, falling 0.9 per cent in June as home resale activity slipped. Landlords saw a 0.4 per cent decline in their output to help the overall real estate sector to a gain of 0.2 per cent.

Canada’s overall GDP increased 0.6 per cent in June, erasing the decline of the previous month. Figures for the second quarter show a 0.4 per cent decline.
 

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