Tag: Canadian RERL

Canada

Canadian Provinces Depend On Real Estate Services For Up To 1 In 5 GDP Dollars

July 2, 2022

Canada’s addiction to real estate-driven growth won’t be easy to break, being such a large share of the economy. Statistics Canada (Stat Can) released annual provincial data for Real Estate and Rental and Leasing (RERL). RERL is a share of gross domestic product (GDP) sourced from real estate services. Over the past two decades, RERL […]

Canada

Canadian Real Estate Provided Over 10% of GDP Growth

December 29, 2021

Canadian real estate’s economic contribution was slowing, but it’s back with a vengeance. Gross domestic product (GDP) made a big jump in October, with real estate doing a lot of the heavy lifting. A component, real estate and rental and leasing (RERL) provided over a tenth of the monthly GDP increase. RERL showed the biggest […]