With its heavy reliance on business conditions and residential and nonresidential development, the Property Management industry faced a potential hiccup as the US recession finally made its way north to Canada. However, property managers persevered through the economic downturn and growth remained positive. Over the next five years, the industry will enjoy steady growth as the unemployment rate continues to drop and business activity picks up.
This industry manages residential and nonresidential real estate for others. Property management responsibilities relate to the overall operation of the property, including maintenance, rent collection, trash removal, security and some renovation activities. Operators may also help manage a property’s accounting, but processes relating to the transactions of properties or real estate investments are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.