

Canada Real Estate Services Market Size and Forecast
Canada Real Estate Services Market size was valued at USD 29.52 Billion in 2024 and is expected to reach USD 43.56 Billion by 2032, growing at a CAGR of 4.9% from 2026 to 2032.
- In Canada, Real estate services include the purchase, sale, leasing, and management of properties of various types, including residential, commercial, and industrial real estate. Real estate agents, brokers, property managers, and developers provide these services by facilitating transactions, analyzing markets, valuing properties, and managing real estate portfolios. Real estate services also include legal and financial advice to assist customers in navigating complex transactions and investment opportunities in Canada's changing property market.
- The Canadian real estate services market is looking optimistic, thanks to technological improvements and shifting client tastes. The rise of digital platforms for property purchasing, selling, and renting is revolutionizing the business by providing greater ease and transparency. The need for sustainable and smart buildings is predicted to rise, driving real estate services to innovate in green construction, energy efficiency, and environmentally friendly solutions. With continuous population expansion, urbanization, and a strong economy, Canada's real estate services sector is positioned for long-term growth, drawing both domestic and international investors.
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Canada Real Estate Services Market Dynamics
The key market dynamics that are shaping the Canadian real estate services market include:
Key Market Drivers
- Increasing Population Through Immigration: The rise in population due to immigration is driving the Canadian real estate market by increasing home demand. According to the IRCC, Canada received 431,645 new permanent residents in 2022, with expectations to expand to 500,000 per year by 2025. This continual influx of newcomers is driving up demand for housing, as well as real estate transactions and property management services. According to Statistics Canada, immigrants are expected to account for 34% of the population by 2041, ensuring long-term demand.
- Remote Work and Changing Housing Preferences: Remote work and altering home choices are boosting the Canadian real estate services market by relocating demand to suburban and rural locations. According to Statistics Canada, 27% of Canadian workers work predominantly from home in 2023, up from 4% before the epidemic. This transition has resulted in greater demand for larger homes and properties outside of urban areas. As individuals demand more room, real estate services are spreading beyond urban areas. This movement opens up new prospects for property sales, rentals, and development.
- Investment in Commercial Real Estate: Investment in commercial real estate is propelling the Canadian real estate services market by increasing the demand for specialist knowledge. According to CBRE's 2023 Market Outlook, commercial real estate investment will reach $58.5 billion in 2022, led by the industrial and multifamily sectors. This increase in investment has made transactions more complex, driving up demand for professional real estate services. Brokerage, property management, and financial advice services are in high demand.
Key Challenges
- High Property Prices and Affordability Issues: High property prices and affordability issues are constraining the expansion of Canada's real estate services market. In big cities such as Toronto, Vancouver, and Montreal, homeownership has become increasingly expensive, particularly for first-time purchasers. This creates a major demand-supply gap, with affordable housing in short supply. As fewer people can afford to buy homes, real estate services have switched to rental units.
- Environmental and Climate Change Challenges: Environmental and climate change threats will hinder the expansion of the Canadian real estate services market by creating uncertainty and increasing expenses. Properties in high-risk areas, such as those prone to flooding, wildfires, or rising sea levels, may struggle to attract purchasers or investors. These concerns also hinder insurance and construction, which affects long-term property prices. When providing advice to clients, real estate professionals must take these variables into account.
- Labor Shortages and Growing Construction Prices: Labour shortages and growing construction prices will limit the expansion of Canada's real estate services market. The shortage of competent labor in the construction industry raises costs and slows project schedules, making new constructions more expensive. This inhibits the construction of new residences and commercial spaces, exacerbating the housing scarcity. As supply remains constrained, affordability falls, further constraining market expansion. The higher expenses and delays limit opportunities for real estate services.
Key Trends
- Rising Interest Rates and Market Adjustments: Rising interest rates and market adjustments are becoming a significant strength in the Canadian real estate services market, opening up new service options. The Bank of Canada's rate hikes have slowed residential sales in high-cost metropolitan areas, prompting many buyers to postpone their purchases. This has resulted in increasing demand for rental homes, boosting rental management services. Real estate agencies are also moving into refinancing advising services to help clients with rising borrowing prices.
- Technology Integration and PropTech: Technology integration and PropTech adoption are major factors influencing the Canadian real estate services market. Virtual tours, AI-powered valuations, and blockchain for secure transactions are revolutionizing the real estate industry. These technologies improve efficiency, transparency, and the customer experience, making it easier for clients to navigate the marketplace. Real estate companies are investing in digital platforms and data analytics to enhance their service offerings. PropTech is shortening operations and increasing accuracy.
- Sustainability and Green Building Initiatives: Sustainability and green building initiatives are influencing developments in the Canadian real estate services industry. Rising environmental awareness and government incentives for green buildings have driven up demand for energy-efficient houses. Developers are embracing eco-friendly designs, while purchasers value characteristics such as LEED certification and reduced carbon footprint. Real estate companies are adjusting by providing knowledge in green property development and certification procedures. Sustainable investment strategies are more significant.
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Canada Real Estate Services Market Regional Analysis
Here is a more detailed regional analysis of the Canadian real estate services market:
- The Canadian real estate sector is driven by aggressive immigration policies, housing shortages, and growing urbanization. The country welcomed 437,120 new permanent residents in 2023, with a goal of 500,000 per year by 2025, which is driving up housing demand. Construction rates of 260,000-270,000 homes per year fall short of the 5.8 million required by 2030 to restore affordability. Urban areas such as Toronto and Vancouver are seeing tremendous population increase, boosting competition for homes. Despite limits, foreign investment remains substantial, particularly in British Columbia and Ontario, which contributes to growing property values.
- Economic stability, technological advancements, and demographic shifts are altering Canada's real estate market. With 430,000 new jobs expected in 2023 and an unemployment rate of 5.8%, the steady economy draws both domestic and international investors. The growing IT industries in Toronto, Vancouver, and Montreal boost demand for commercial space, while an aging population stimulates interest in retirement communities and healthcare facilities. Sustainable development is increasing in popularity, with green-certified buildings attracting high rents. The expansion of remote work has raised demand for larger suburban homes, influencing real estate preferences across the country.
Canada Real Estate Services Market: Segmentation Analysis
The Canada Real Estate Services Market is segmented based on Service Type, Property Type, and End-User.
Canada Real Estate Services Market, By Service Type
- Property Management Services
- Real Estate Brokerage and Sales
- Valuation and Appraisal Services
- Consulting and Advisory Services
- Facility Management Services
- Leasing and Rental Services
Based on Service Type, the market is segmented into Property Management Services, Real Estate Brokerage and Sales, Valuation and Appraisal Services, Consulting and Advisory Services, Facility Management Services, and Leasing and Rental Services. Real Estate Brokerage and Sales are currently the dominating type in the Canadian real estate services market due to increased demand for residential and commercial properties, which is being driven by population growth and urbanization. This service is vital for expediting property transactions for both buyers and sellers, and it contributes significantly to market earnings. Property Management Services is the fastest-growing segment in the market, driven by the expanding number of rental properties and real estate investments. Property management services are rapidly expanding in response to the increased demand for long-term and short-term rentals since they provide critical help to property owners in successfully managing their investments.
Canada Real Estate Services Market, By Property Type
- Residential
- Commercial
- Industrial
- Land
- Special Purpose Properties
Based on Property Type, the market is segmented into Residential, Commercial, Industrial, Land, and Special Purpose Properties. Residential currently dominates the Canadian real estate services market, driven by ongoing demand for housing due to factors such as immigration, population growth, and urbanization. The demand for single-family homes, condominiums, and flats remains robust, particularly in big cities such as Toronto and Vancouver. Industrial assets are the most rapidly expanding segment in the market, owing to increased e-commerce, shipping, and industrial activity. The growing demand for warehouses, distribution centers, and logistics hubs is driving the rapid rise of industrial real estate, with a special emphasis on places near transportation networks and large cities.
Canada Real Estate Services Market, By End-User
- Individuals/Homebuyers
- Investors
- Corporates and Businesses
- Government and Public Sector
- Real Estate Developers
Based on End-User, the market is segmented into Individuals/Homebuyers, Investors, corporations and Businesses, Government and Public Sector, and Real Estate Developers. Individuals/homebuyers lead the Canadian real estate services market, as demand for residential homes remains high due to factors such as immigration, population increase, and economic stability. The demand for single-family homes, condominiums, and rental units remains strong, particularly in cities. Investors are the fastest-growing users in the market, driven by increased rental opportunities and overall demand for real estate as an investment asset. With favorable government regulations, tax breaks, and rising interest in both residential and commercial properties, investors are increasingly looking to profit from Canada's burgeoning real estate market.
Key Players
The Canada Real Estate Services Market is highly fragmented with the presence of a large number of players in the market. Some of the major companies include Royal LePage, RE/MAX Canada, CBRE Group Inc., Colliers International, Brookfield Properties, Cushman & Wakefield, Savills Canada, Toronto Dominion Real Estate, FirstService Residential, and Choice Properties REIT. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix. This section also provides an exhaustive analysis of the financial performances of mentioned players in the given market.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Canada Real Estate Services Market Recent Developments
- In July 2023, Cadillac Fairview introduced its CF Concierge Platform in 27 Canadian office properties. This smartphone app, created with HqO, improves the workplace environment by offering building residents access to digital amenities and services in CF office buildings.
Report Scope
Report Attributes | Details |
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Study Period | 2023-2032 |
Base Year | 2024 |
Forecast Period | 2026-2032 |
Historical Period | 2023 |
estimated Period | 2025 |
Unit | Value (USD Billion) |
Key Companies Profiled | Royal LePage, RE/MAX Canada, CBRE Group Inc., Colliers International, Brookfield Properties, Cushman & Wakefield, Savills Canada, Toronto Dominion Real Estate, FirstService Residential, and Choice Properties REIT. |
Segments Covered |
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Customization Scope | Free report customization (equivalent to up to 4 analyst's working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 6-month post-sales analyst support
Customization of the Report
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis
4. Canada Real Estate Services Market, By Service Type
• Property Management Services
• Real Estate Brokerage and Sales
• Valuation and Appraisal Services
• Consulting and Advisory Services
• Facility Management Services
• Leasing and Rental Services
5. Canada Real Estate Services Market, By Property Type
• Residential
• Commercial
• Industrial
• Land
• Special Purpose Properties
6. Canada Real Estate Services Market, By End User
• Individuals/Homebuyers
• Investors
• Corporates and Businesses
• Government and Public Sector
• Real Estate Developers
7. Regional Analysis
• Canada
8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
9. Competitive Landscape
• Key Players
• Market Share Analysis
10. Company Profiles
• Royal LePage
• RE/MAX Canada
• CBRE Group Inc.
• Colliers International
• Brookfield Properties
• Cushman & Wakefield
• Savills Canada
• Toronto Dominion Real Estate
• FirstService Residential
• Choice Properties REIT
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
Perspective | Primary Research | Secondary Research |
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Supplier side |
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Demand side |
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Econometrics and data visualization model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
Qualitative analysis | Quantitative analysis |
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