Economic Impacts of MLS Home Sales and Purchases in Canada and the Provinces

Resale housing transactions across Canada generate significant economic activity. The purchase and sale of homes via Canadian Multiple Listing Service® (MLS®) Systems generates fees to professionals such as lawyers, appraisers, real estate agents, surveyors, etc. as well as taxes and fees to government. In addition, when Canadians move house, they typically purchase new appliances or furnishings and undertake renovations that tailor the new home to specific household requirements. This report issued by the Canadian Real Estate Association explored economic impacts of MLS home sales.