Based on the available data, the number of employees in the real estate sector in Canada is expected to increase from 227.29 thousand persons in 2024 to 237.13 thousand persons by 2028. This indicates a positive growth trend over the five-year forecast period.
Comparing the year-on-year variations, the sector will experience an annual growth rate as follows:
- 2024 to 2025: 1.13% increase
- 2025 to 2026: 1.08% increase
- 2026 to 2027: 1.05% increase
- 2027 to 2028: 1.01% increase
The Compound Annual Growth Rate (CAGR) over the forecast period (2024-2028) is approximately 1.07% per year, reflecting a steady but moderate increase in employment in the real estate sector.
Future trends to watch for include the potential impact of technological advancements and automation on employment, changes in the housing market influenced by economic conditions, and evolving consumer preferences. Additionally, policy shifts and regulatory changes in the real estate sector could further influence employment trends.