The Real Estate Gross Value Added (GVA) in Canada is projected to increase from 198.67 billion Euros in 2024 to 214.12 billion Euros in 2028. Compared to 2023, the forecasted growth for 2024 shows a positive trend. Year-on-year variations from 2024 to 2028 display a steady progression, with the value growing on average. The Compound Annual Growth Rate (CAGR) over these five years highlights an ongoing robust growth trajectory in Canada's real estate sector.
Future trends to watch for include:
- The impact of interest rate changes on real estate investment.
- Shifts in housing demand driven by demographic changes.
- Potential policy shifts focusing on affordable housing and sustainability.
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