Metro Vancouver's real estate industry was a key economic driver in British Columbia last year, generating $2.1 billlion in economic spin-off activity & 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.
It's not just the value of the home itself that creates economic activity. When a home is sold, it stimulates activity beyond the transaction through renovations, construction & retail sales.