The real estate sector's contribution to Canada's Gross Value Added (GVA) is forecasted to consistently be 0.32% from 2024 to 2028. This steady trend suggests that the real estate sector's influence on economic growth will remain stable, with no variation expected in its contribution to GVA compared to 2023's performance.
Future trends to monitor include:
- Potential changes in housing demand driven by demographic shifts.
- Impact of government policies on real estate investment.
- Macro-economic factors such as interest rates and inflation affecting the broader real estate market.
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