July 13, 2015
Every MLS® transaction generates spin-offs, creates jobs, and keeps our communities growing.
How much does this amount to?
In BC, a single home sale generates $64,500 in economic spin-offs and 0.49 jobs, according to the Canadian Real Estate Association.
Last year, 33,116 properties were sold by REALTORS® on the MLS® system, generating $2.136 billion in economic spin-off activity and 16,227 jobs.
Jobs generated through MLS® sales accounted for about one in 98 jobs across the entire economy.
What types of jobs?
- House painters, home stagers, roofers, gardeners and landscapers, plumbers and electricians, home repair specialists, cleaners, movers.
- Home inspectors, surveyors, notary publics and lawyers, architects, draftspersons, accountants, bookkeepers, writers (for real estate websites).
- Furniture, appliance, drapery, landscape suppliers, home repair contractors, estate salespeople.
The total dollar value of residential sales transacted through the MLS® system in Metro Vancouver totalled $27.3 billion in 2014.
Information provided by real estate board of Greater Vancouver.