The GDP data released Friday by Statistics Canada shows that following a 0.6% decline in real estate agent and broker activity in April, there was a 6.3% decline in May.
The overall real estate and rental leasing sector declined 0.2% in May. Construction was down 0.6% in May, as a strike in the last week of the month affected unionized construction workers in Quebec.
Overall growth for the Canadian economy was up 0.6% led by goods-producing industries.
More market update:
Real estate agents and brokers have been impacted by provincial housing regulations in the Greater Toronto Area.