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PRESIDENT'S MESSAGE: The Economic and Lifestyle Benefits of Real Estate Transactions

I hope you'll share some information on the many benefits of home ownership.

Real estate transactions fuel our economy, generating approximately $56,000 in additional spending for every home that changes hands in our province. In 2014, this translated to more than $5.1 billion in spending being pumped into the Greater Toronto Area's economy.

In fact, it's estimated that housing-related purchases were directly or indirectly responsible for 77,000 jobs in Ontario between 2012 and 2014.

What's more, studies show that homeowners benefit from improved health, safer communities, and their children achieve better grades in school.

As REALTORS®, it's our responsibility to spread the word: hands down, home ownership is one of the best investments anyone can make. Best wishes for a productive year.

Larry Cerqua
President, Toronto Real Estate Board