The overlooked economic driver – Real Estate!

Manufacturing is propelling the Canadian economy with an assist from real estate.

February 1, 2018 - Real gross domestic product (GDP) in Canada grew by 0.4% in the month of November 2017, following the flat results from the prior month according to Statistics Canada.

The gains in November were widespread across industries and particularly strong in the manufacturing sector, which grew at its fastest monthly pace in three years. On the services side, the real estate and rental and leasing industry led growth as agent and broker office output rose for the fourth consecutive month.

With this latest GDP result, the Canadian economy remains on track for 3.0% growth for 2017 and an encouraging sign the country's economy recovery has not stalled. ​​​​

Canadian Monthly Real GDP Growth

Source: Statistics Canada, February 2018.​​​​​​​