Job prospects Residential Real Estate Agent near Toronto (ON)

Explore current and future job prospects for Real estate agents and salespersons near Toronto (ON). These trends also apply to people working as a residential real estate agent.

Note that the current 2019-2021 Employment Outlook was published in December 2019 based on information available at that time.

Recent trends

Balanced labour market

The prospect of finding work in this occupation was fair over the past few years (2016-2018). The number of job openings was about the same as the number of workers available.

Source Labour Market Information | Recent Trends Methodology

Job prospects

residential real estate agent
Outlook over the next 3 years
Good Good

The employment outlook will be good for Real estate agents and salespersons (NOC 6232) in the Toronto region for the 2019-2021 period.

The following factors contributed to this outlook:

  • Employment growth will lead to a moderate number of new positions.
  • Several positions will become available due to retirements.

There is a slightly higher concentration of real estate agents and salespersons in Toronto. Although the condominium market, particularly in the densely populated areas, offers a higher quantity of units for sale,real estate agents who are knowledgeable in selling single-family dwellings in the suburbs may have better opportunities in finding clients. Real estate agents and salespersons working in this economic region may also find several opportunities in renting or leasing of properties. Toronto posted the lowest office vacancy rate in all of North America as of the 2nd quarter of 2019.

Here are some key facts about Real estate agents and salespersons in the Toronto region:

  • Approximately 31,930 people work in this occupation.
  • Real estate agents and salespersons mainly work in the following sectors:
    • Finance, insurance and Real estate and rental and leasing (NAICS 52-53):more than 95%
  • Source Labour Market Information | Outlook Methodology

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