Real estate agent revenue slips as home sales ease

by Steve Randall03 Jul 2017
The Canadian economy grew at an annual rate of 0.2 per cent in April following a 0.5 per cent rise in March, Statistics Canada reported Friday.


The slower pace of growth was in line with expectations and service industries drove growth.


For the real estate sector, the slower pace of the housing market meant a 0.6 per cent drop in the output from real estate agents and brokers.


Construction grew at 0.1 per cent, although this was driven by non-residential as the slower housing market saw residential construction decline 0.9 per cent following 5 months of gains.
 

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