Forecast: Employment in Real Estate Sector in Canada

In 2023, the employment in the Real Estate sector in Canada was 325.33 thousand persons. The year-on-year variations over the last two years show an increase of 3.24% in 2023, following a slight decline of 0.76% in 2022. The Compound Annual Growth Rate (CAGR) over the last five years is 0.51%, indicating a moderate upward trend. Over the last decade, the data reflects fluctuations due to economic cycles, with significant growth periods from 2015 to 2019 followed by a notable dip in 2020. Moving forward, from 2024 onwards, the sector is expected to maintain a steady growth with a forecasted CAGR of 0.63% over the next five years, culminating in a 3.21% increase by 2028.

Future trends to watch for in the Real Estate sector include the impact of technological advancements on employment, shifts towards sustainable and green building practices, and the possible effects of demographic changes on housing demand. Monitoring policy changes and economic conditions will also be crucial for predicting future employment trends in this sector.