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Canadian Real Estate Sales Are Forecast To Slow, And Its Going To Drag The Economy

Author: External Author | | Categories: Home Mortgage , Mortgage Associate , Mortgage Broker

Canadian real estate is such a big part of the economy, just its spin-off economic activity is now a huge deal. The Canadian Real Estate Association (CREA) has forecast big 2021 home sales, but the second half will be slower than the first. Next year they see a less exciting, but more typical year for sales. Using their estimates of spin-off economic activity from each home resale, this year’s economy will get a boost. As for next year’s slow down though, that means spin-off will be a drag on economic growth.

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Original Article Source Credits:   Better Dwelling ,

Article Written By:  Daniel Wong

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