Wednesday, 3 December 2014

Canada's Largest Industry Is Real Estate

According to StatsCan, the real estate industry is the industry that most contributed to economic growth in Canada since 2000. It should be noted that real estate does not include the construction and development of buildings, that activity falls under construction, the second largest contributor to GDP growth.

Real estate industry also surpassed manufacturing in 2008 as Canada's largest industry. Since 1997, the construction industry has jumped from seventh largest industry, to fourth. The second largest industry, manufacturing, is the only industry that had a negative contribution to GDP growth since 2000.


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