The Canadian economy is falling further behind population growth, even as the population slows. Real GDP grew 0.2% in July beating expectations but failing to match population growth. National Bank of Canada warns per-capita GDP has seen a cumulative decline of 3.9% since 2022. That makes this the sharpest non-recession erosion of economic output.
https://betterdwelling.com/this-weeks-top-stories-canadian-real-estate-investors-undeterred-gdps-recession-like-plunge/
The Canadian economy is falling further behind population growth, even as the population slows. Real GDP grew 0.2% in July beating expectations but failing to match population growth. National Bank of Canada warns per-capita GDP has seen a cumulative decline of 3.9% since 2022. That makes this the sharpest non-recession erosion of economic output. https://betterdwelling.com/this-weeks-top-stories-canadian-real-estate-investors-undeterred-gdps-recession-like-plunge/
BETTERDWELLING.COM
This Week's Top Stories: Canadian Real Estate Investors Undeterred, & GDP's Recession-Like Plunge - Better Dwelling
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Flippers Are Still Near Record Levels The death of the Canadian real estate flippers has been greatly exaggerated. Bank of Canada (BoC) data shows 2.5% of homes sold in Q2 2024 were purchased within the past 12 months—only seeing […]
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