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The Economic Impact of Real Estate

According to the study Economic Impacts of MLS® Home Sales and Purchases in the Province of Québec, commissioned by the Québec Federation of Real Estate Boards, the economic impact of expenditures related to the residential real estate market in Québec increased by 55 per cent in two years, growing from $1.8 billion per year to $2.8 billion per year between 2006 and 2008.