Forecast: Real Estate Gross Value Added in Canada

In 2023, the Real Estate Gross Value Added in Canada was a key measure of the industry's contribution to the economy. Forecasts indicate a consistent upward trend from 2024 to 2028, with values increasing from 328.86 billion to 374.83 billion Canadian Dollars. Year-on-year growth rates over these forecasted years suggest a steady expansion pattern, reflecting a healthy real estate market. The Compound Annual Growth Rate (CAGR) over this five-year span suggests moderate growth, highlighting the real estate sector's resilience.

Future trends to watch include:

  • Impact of interest rate changes on real estate investments.
  • The influence of government housing policies.
  • Shifts in urbanization and demographic trends affecting demand.
  • Innovation and green initiatives shaping the industry landscape.

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