Thursday, January 14, 2021
Metro Vancouver’s* real estate industry was a key economic driver in British Columbia last year, generating $2.1 billion in economic spin-off activity and creating an estimated 14,728 jobs.

In 2020, 30,944 home sales were transacted through the Real Estate Board of Greater Vancouver’s MLS®.

The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $33.7 billion in 2020.

IEach time a home changes hands there are economic spin-offs including  legal fees, renovations, construction, and retail sales.

 

* Areas covered by the Real Estate Board of Greater Vancouver include: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.