The Real Estate Sales and Brokerage industry is closely aligned with the health of the Canadian residential and commercial real estate markets, which are expected to grow over the five years to 2016. Over the past five years, a growing, aging, urbanizing and progressively wealthy Canadian population boosted demand for residential properties. These underlying fundamentals increased demand for real estate brokers and pushed up housing prices, leading to higher industry commissions. The industry remained resilient despite a rampant decline in global crude oil prices, which slowed commercial and residential development in resource-rich provinces, such as Alberta as well as other parts of Western Canada. Nevertheless, an anticipated rise in Canadian employment and per capita disposable income will continue to bolster residential real estate demand in the five years to 2021. In the commercial market, industry revenue will be buoyed by increasing corporate profit margins and overall economic growth.
This industry sells, buys or rents real estate for others. Industry operators do not own the property, but act as intermediaries between owners or sellers and buyers or tenants.
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.