Real estate, construction among brightest sectors in the economy

When Statistics Canada released the GDP figures for February on Friday, the real estate and construction sectors were highlighted for their strong contribution.

While the overall growth of the economy was flat in the month, the real estate and rental & leasing sector grew 0.5 per cent with real estate agents and brokers gaining 5.3 per cent. Gains in the GTA drove this rise.

The growth for the real estate sector also helped others, notably legal services which rose 2.9 per cent.

Construction also played a strong part in the economy in February with a 0.5 per cent rise, the fourth month in a row of increases. Residential construction was the driver of the growth, up 0.3 per cent while non-residential was down 0.5 per cent.

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