Property Management in Canada
The Property Management industry in Canada is expected to grow strongly over the five years to 2019 as investment drives demand. Operators provide a variety of services related to the management of residential and nonresidential properties, which include collecting rent, screening tenants and general maintenance. As a result, the industry relies on the state of Canadian residential and nonresidential construction. Investment in construction drives the growth of properties that require the industry's services, particularly in the residential construction segment. Low interest rates have fomented this growth, while favourable economic trends have improved disposable income. Revenue growth is expected to remain steady over the five years to 2024 as nonresidential construction across Canada picks up again.
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.
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