Canada Now Dedicates More Investment Capital To Housing Than Business: BMO

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

Mortgage Broker Bradford

Who needs businesses when your homes are making so much money? BMO chief economist Douglas Porter crunched residential investment data for Q1 2021. The bank found residential investment now represents a record share of Canada’s GDP. It’s now such a large share of GDP, more investment capital is going into housing than businesses.

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Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Daniel Wong

Original Article Posted on:  

Link to Original Article:  https://betterdwelling.com/canada-now-dedicates-more-investment-capital-to-housing-than-business-bmo/



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