31 Jul Canadian economy’s addiction to real estate fees is ‘stunning,’ says analyst.
Original article via CBC. Click here to read.
Canada’s addiction to real estate goes far beyond our obsession with talking about it. Our economy actually relies more on the fees associated with buying and selling houses than it does on agriculture, fishing, forestry and hunting combined.
Real estate commissions, land transfer taxes, legal costs and fees for inspecting and surveying homes make up almost two per cent of Canada’s economy.READ FULL ARTICLE