Despite having some of the most expensive real estate in the world, Canadian cities rank low on density. Unfortunately, they also rank pretty low for economic output.
Vancouver real estate fetches a premium because of the business being done on the land, but no one’s measuring it. Don’t worry, we just did.
Canada is now so dependent on real estate, it was the only reason the economy grew in February. Careful with those “cooling” measures.
Consumer debt liabilities exceeded Canada’s GDP for the first time last quarter, threatening not just the housing market but the economy.
We break down Ontario’s “thriving” economy to reveal that the majority of it’s growth last year was built around real estate.