The forecasted data for Canada's real estate value added from 2024 to 2028 exhibits a steady upward trend. Starting from 298.78 billion Canadian dollars in 2024, it is expected to reach 324.53 billion Canadian dollars by 2028. This steady increase reflects a consistent year-on-year growth, highlighting the sector's resilience and potential stability through this period. Unfortunately, the specific value of the real estate sector in 2023 is not provided, which limits the analysis of real term growth.
Future trends to watch for in the Canadian real estate market include:
- The potential impact of interest rate changes on real estate investment.
- Regulatory shifts that might affect property demand and supply.
- Technological advancements and their integration into real estate transactions and property management.
- Sustainability initiatives influencing building practices and consumer preferences.
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