The number of employees in the real estate sector in Canada has shown significant variability from 2013 to 2023, reaching 391.73 million hours in 2023. Year-on-year growth from 2021 to 2023 indicated slight volatility with 3.01% growth in 2023 following a 1.51% decline in 2022 but a strong rebound of 13.06% in 2021. The Compound Annual Growth Rate (CAGR) over the past five years, from 2018 to 2023, stands at 1.07%. Future forecasts suggest a continued upward trend, with a projected CAGR of 0.84% from 2024 to 2028, ultimately achieving a 4.3% growth rate by 2028.

Future trends to watch for include:

Impact of economic recovery post-2023 on employment numbers in the real estate sector.
Influence of real estate market fluctuations and housing demands.
Technological advancements and their role in labor demand within the sector.
Policy changes and government interventions impacting housing and real estate development.