Issue 17-33: Real Estate
February 16, 2017
B.C.’s real estate agents and brokers industry saw total operating revenue reach $2.1 billion in 2015, up 21.2% from 2014. The industry recorded operating expenses of $1.4 billion, such that the overall operating profit margin stood at 34.2%.
In 2015, Ontario had the largest real estate market in Canada, accounting for more than half (53%) of total national operating revenues earned by real estate agents and brokers. B.C. followed in relative importance at 18%, a substantially higher share than Quebec (12%) and Alberta (11%).
Data Source: Statistics Canada