The self-employed population in Canada’s real estate sector has shown notable fluctuations over the past decade. With a noticeable dip in 2014, the sector rebounded in 2015 and saw a significant increase between 2017 and 2019. However, 2020 brought a marked decline of 11.53%, likely influenced by the pandemic. The past three years have seen relative stability with minor changes in values leading to a slight decline in 2023 by 0.43%, standing at 94.87 thousand units. The compound annual growth rate (CAGR) from 2018 to 2023 was -0.7%, indicating a marginal downward trend.

Future trends to watch for:

The forecasted CAGR for the next five years is -0.11%, suggesting a slow decline.
Monitoring economic recovery post-pandemic and policy changes that might impact the real estate market.
Technological advancements such as digital real estate platforms influencing self-employment rates.