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How Canada’s hot housing market is propping up GDP growth

Thursday Jun 30th, 2016

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Content via BNN The Canadian economy grew by just 0.1 per cent in April from March, but it received a big boost from the country’s hot housing market, according to data released by Statistics Canada on Thursday. Real estate activity was the biggest year-over-year contributor to growth, adding $218.8 billion to Canada’s gross domestic product in April, up from $211.6 billion in the same period last year. That means the $7.2 billion year-on-year growth in real estate... [read more]

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