Obtained from Real Estate Board of Greater Vancouver, October 2013
Each time a home changes hands, the transaction generates significant spin-offs, creates jobs and keeps our communities growing.
The Canadian Real Estate Association has released a new data that finds that in BC, a residential sales transaction generates $64,500 in economic spin-offs and 0.49 jobs.
In 2012, in the Real Estate Board area, a total of 25,032 homes sold on the MLS generating $1.6 billion in economic activity and 12,265 jobs.
"All told, jobs generated directly and indirectly through the sale and purchase of MLS homes accounted for about 1 in 98 jobs across the entire economy"--Canadian Real Estate Association