The forecast for Business Enterprise R&D Expenditure in Canada's real estate activities from 2024 to 2028 shows a gradual increase from 23.0 million CAD in 2024 to 26.0 million CAD in 2028. In 2023, the expenditure stood just below this level, indicating modest growth in R&D investment in the sector. Year-on-year growth is consistent at approximately 4-5% for the initial forecast years, stabilizing in 2027 before increasing again in 2028.
Future trends to watch for include:
- Potential impacts of technological advancements on R&D expenditures.
- Government policy changes affecting real estate and R&D incentives.
- Global economic conditions influencing investment capacities.
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