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Low Dollar Has been a Crutch to the Real Estate Market

BrianPersaud

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Sep 27, 2007
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So here we are. The entire world is looking to Canada for lessons to keep the financial sector strong, whose strength essentially saved Canada from a prolonged real estate slump.

While politicians chest thump how great Canada is, and how crappy the US is, we still can`t rest on our laurels. There is still a gap in the prosperity of Canada vs the US... and it`s time to action to strengthen our cities further to power real estate across the country.

First off, why is there a prosperity gap?

Simply its because of our poor productivity performance. According to Martin Prosperity Institute at the University of Toronto, Canadians do not innovate enough or create comparable value add in our hours worked. Our low dollar has allowed this to happen for too long.

Why is improving the productivity gap important to real estate investors? Read Full article at my blog here
 
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