With the construction of homes constantly playing a huge role in improving the economy of Canada, there, however, seems to be a decline in other parts of the real estate segment as Statistics Canada noted in their info.
In November of last year, the total GDP figure increased by 0.4 per cent, with a gain for the economy, five months in a row. The manufacturing industries were affected immensely from the gains, as they were the largest part. In construction output, there was an increase of 1.1 per cent, while residential construction also went up by 2.0 per cent as a result of the enhancement, changes, and repair construction being at its highest since 2007, with a rise of 2.8 per cent.
Since May 2012, the real estate and rental & leasing sector didn’t any decline till their recent 0.2 per cent fall, together with a 6.2 per cent drop for real estate professionals and broker events, and subsequent alterations to mortgage policies that were revealed in the past month.