Real estate sector growth set to moderate says Conference Board

Real estate sector growth set to moderate says Conference Board

Real estate sector growth set to moderate says Conference Board
The improved economy will provide growth for many sectors this year but gains for the real estate industry is expected to moderate.
 
Brokers and agents have experienced growth from the low mortgage rates and hot housing markets in Vancouver and Toronto but the Conference Board of Canada says that will be eased by measures to cool the markets.
 
Real estate growth will remain healthy though, just not seeing the strong growth of some other sectors such as accounting, advertising and consulting. Real estate should see a 1.1 per cent rise to pre-tax profits of $15.2 billion.
 
Engineering will see growth partly driven by a shift in demand towards high-rise condos which require more engineering work than single-family homes.
 

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