From 2013 to 2023, Canada's Real Estate Value Added grew at different rates. The highest growth observed in 2015 was 5.26%, while the real estate sector saw declines in 2014, 2017, and 2018. Over the last two years (2022-2023), there were modest increases in year-on-year growth. In 2023, the Real Estate Value Added stood at 12.51. The average compound annual growth rate (CAGR) from 2018 to 2023 was around 0.6%.
Future trends to watch for:
- Slower but steady growth with a forecasted 5-year CAGR of 0.32% from 2024 to 2028.
- A focus on sustainable developments and the adoption of new technologies.
- The impact of economic policies and global economic conditions on real estate investment.
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