home sale spin-offs

(July 13, 2015 , posted in BC Market Update)


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 0.48 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 16,277 jobs.

Jobs generated through MLS® sales accounted for about 1 in 98 jobs across the entire country.

What type of jobs?

  • House painters, home stagers, roofers, gardeners and landscapers, plumbers and electricians, home repair specialist, cleaners, movers.
  • Home inspectors, surveryors, notary publics and lawyers, architects, draftspersons, accountants, bookkeepers, writers (for real estate websites).
  • Furniture, appliance, drapery, landscape suppliers, home repair contracors, estate sales people.
The total value of residential sales transacted through the MLS® system in Metro Vancouver totalled $27,3 billion in 2014.

(Source text & photo: Real Board of Greater Vancouver)

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