Real Estate Sales & Brokerage in Canada
The Real Estate Sales and Brokerage industry in Canada is closely aligned with the health of the Canadian real estate market and is expected to thrive over the five years to 2019. Industry revenue typically rises with property prices and real estate transaction volumes as real estate agents are paid on a commission basis and receive their fee only when they close a deal. Over the past five years, a growing, aging, urbanizing and progressively wealthy Canadian population boosted demand for residential properties. 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 and other parts of Western Canada. This drove down the value of nonresidential construction, which hurt the industry's commissions. Over the five years to 2024, an anticipated increase in disposable income will continue to bolster residential real estate demand, particularly in major cities such as Toronto and Montreal.
The Real Estate Sales and Brokerage industry in Canada 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.