Job prospects Residential Real Estate Agent in the Lower Mainland–Southwest Region

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Explore current and future job prospects for people working as "Real estate agents and salespersons" in the Lower Mainland–Southwest Region or across Canada.

Current and future job prospects

These outlooks were updated on November 29, 2023.

Recent trends from the past 3 years

Major labour shortage

Over the past few years (2021-2023), there was a major labour shortage for Real estate agents and salespersons in the Lower Mainland–Southwest Region. There were far more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

Job outlook over the next 3 years

Moderate

The employment outlook will be moderate for Real estate agents and salespersons (NOC 63101) in the Lower Mainland - Southwest region for the 2023-2025 period.

The following factors contributed to this outlook:

Employment decline will lead to the loss of some positions.
Several positions will become available due to retirements.
There are a small number of unemployed workers with recent experience in this occupation.

Here are some key facts about Real estate agents and salespersons in the Lower Mainland - Southwest region:

Approximately 12,510 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 | Prospects Methodology