Canadian Real Estate Sales Are Forecast To Slow, And It’s Going To Drag The Economy
Canadian real estate is such a big part of the economy, just its spin-off economic activity is now a huge deal. The Canadian Real Estate Association (CREA) has forecast big 2021 home sales, but the second half will be slower than the first. Next year they see a less exciting, but more typical year for sales. Using their estimates of spin-off economic activity from each home resale, this year’s economy will get a boost. As for next year’s slow down though, that means spin-off will be a drag on economic growth.
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Daniel Wong
Original Article Posted on: