Real Estate News

Canada needs to ditch its addiction to real estate and start investing in technology

Image by William Iven from Pixabay

In today’s global market, which has been made even more accessible through the rise of ETFs, investors can go pretty much anywhere they choose and for a low price. This democratization of investing is a good thing for Canadians, because outside of residential real estate, there aren’t a lot of capital growth opportunities here.

While residential real estate investment has more than doubled in the past decade to nearly eight per cent of our total economy, investment in machinery, equipment, research and development has been nearly halved to just over four per cent. Residential construction, related services and credit intermediation are now nearly as large as our energy and manufacturing sectors combined.

Continue to read on: Financial Post

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