STATISTICAL NEWS 698 homes sold last month, making it the best - TopicsExpress

STATISTICAL NEWS 698 homes sold last month, making it the best October since 2007. Year to date, 7,474 homes have exchanged hands in our jurisdiction, says Jim Holody, President of the London and St. Thomas Association of REALTORS®. Thats 7.6% more transactions than last year at this time. According to research by the Altus Group, one job is created for every real estate transaction and approximately $55,000 in ancillary spending is generated every time a house changes hands in Ontario. By this calculation, says Holody, home sales in LSTARs jurisdiction have spun off $411,070,000 into the economy in the first ten months of the year alone and created 2,491 jobs – great news for our local economy.

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