Real estate still hot job market in Canada
Looking for work in Canada? Real estate is still hot — and offering plenty of job opportunities.
The Ottawa Citizen recently reported that:
Nationally, employment in real estate was up by 71,000 or a whopping 35 per cent in the 12 months from October 2008, which was the pre-recession peak for the Canadian job market.
How has the real estate job market fared in comparison to other employment sectors?
For all of 2009, overall employment was down 1.4 per cent while employment in real estate, despite some year-end weakness, was still up by nearly 14 per cent.
The article acknowledges that Ottawa has one of the most stable real estate markets in Canada, since the federal government is that city’s major employer.
“However,” the story continues, “real estate markets across the country have survived the downturn relatively intact, and have either recovered to new highs or at least stabilized. And that’s reflected in the employment numbers in the hot sector.”
Here’s where you can read the full article: “Hot Jobs: Why real estate is opening most employment doors across Canada.”
Photo ©Carolyn B. Heller
Just thought I’d send you a quick note to let you know that I thoroughly enjoyed what you had to say. Being a Real Estate Broker I take a keen interest in all things having to do with real estate. Ive bookmarked your site and will return when I can. Please keep up the good work
Hi, Anthony,
Thanks for your kind words.
Regards,
Carolyn
Frankly, some 40% of house-price movements stem from global factors, such as interest rates and changes in stock market values. If real estate is now overpriced and a global correction takes place, Canada’s real estate, and the Canadian economy, would take a hit.
I think real estate is just a good type of business that’s why many businessman investing in this kind of business anywhere in the world.
Generally speaking, I would simply say that people will always need a place to live – surely there’s a greater and more complicated philosophy behind real estate market than that, I know – but nowadays most people work in the tertiary sector of the economy, and they also use many services, and as long as they’re buying houses, they’ll need someone help them with the process.
As for the current situation on the market, the crisis is slowly fading away, and as it looks like we’re definitely out of the worst, it is a good time for realtors – the prices are still low, interest rates as well, the Olympics here in Vancouver are drawing some attention too – and the opportunities won’t wait.