What’s a home sale worth to the economy?

Posted on September 1st, 2017

The real estate industry is a key economic driver in British Columbia

Each time a home changes hands, the transaction generates significant spin-offs, creates jobs and keeps our communities growing.

In 2016, 39,943 homes changed ownership in the Board’s area, generating $2.5 billion in economic spin-off activity and an estimated 17,600 jobs.

The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $41 billion in 2016.

Source: REBGV