Canadian Real Estate Brokers See A Big Cut In Revenue, Pushing The GDP Sector Lower

Author: External Author | | Categories: First Time Home Buyer , Investment Property Mortgage , Mortgage Broker

 Blog by Cody Rowe - Mortgage Broker

The Canadian real estate slowdown is becoming a drag on gross domestic product (GDP). Statistics Canada (Stat Can) data shows the GDP sector of real estate, rental and leasing (RERL) fell in April. The decline is the first move lower in five months, due to a drop in revenues at real estate brokerages. That would be directly related to existing home sales now being past peak.

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Original Article Source Credits:   Better Dwelling ,

Article Written By:  Daniel Wong

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