Economic Impact: Housing Sales

housing sales: Housing Boom a Massive Contributor to Growth is the title of one section in the report. It speaks to the economic impact of the housing markets strength in the GTA. The economists took stock of direct and indirect jobs, housing sales and construction and wrote: When all of these broad impacts are considered, we estimate that the housing boom accounted for as much as one quarter of overall economic growth and job creation in the city-region over the past decade. This contribution has been especially pronounced over the past five years, according to The Star. Called Staying on Track: Sustaining Torontos Momentum after the Global Economic Recession, the TD Economics paper was prepared for CivicAction, an organization that brings leaders together to tackle some of the regions toughest issues. The report assesses the regions economic performance and looks at challenges hindering its growth and prosperity and A line in a recent TD Economics report has stuck with me. One quarter. Now thats massive. (www.immigrantscanada.com). As reported in the news.