Real estate nation: Canada’s biggest business sector scores low in the all-important area of economic productivity

Investment in housing takes away from money in other sectors, undercutting the country’s ability to devote funds to the kinds of spending crucial to Canada’s future prosperity.

The overemphasis on housing is an important factor in what is perhaps Canada’s most pressing economic problem: declining economic productivity, writes Les Whittington. The Hill Times photograph by Andrew Meade

Opinion

BY LES WHITTINGTON

October 16, 2024

OTTAWA—Most people are surprised to learn that this country’s biggest economic sector is not oil and gas or manufacturing, but real estate.

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