Metro Vancouver Real Estate Is A Big Economic Generator Even In A Pandemic
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.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.