Quarterly retail sales growth weak, but not unlike 2011:


But residential construction as a % of GDP growth, 5 year rolling, presents some interesting visuals:


As of Q1 2012, residential construction represented some 48% of nominal GDP growth, and including non residential structures, some 66%.

I do not know about “you”, but driving round Toronto is all about spot the crane!  Really, have you ever seen so many cranes?

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