Canada is the Only G7 Country in Recession - Here's Why #canadarealestate #canadaeconomy

Added: 2026-06-02

[00:00:00]Canada is now the only G7 country officially in a recession.

[00:00:04]Let that sink in for a minute. Every other G7 country is facing the same global challenges, tariffs, and economic uncertainty, and Canada stands alone.

[00:00:14]Why? Economists point to US tariff pressures, five straight quarters of declining business investment, and weakness in resource industry mining and construction. At the same time, ongoing uncertainty around development, major projects, land use, and Aboriginal title issues is creating additional concerns for investors and businesses. Investment creates jobs, development creates housing, confidence drives growth. The big question is, what needs to happen to get Canada growing again?

[00:00:43]Follow Debbie Evans for real estate development and economic updates.