While many of the people affiliated with real estate might not like this post. Let us be realistic for once. The numbers are increasing, and such a post seems to be a necessity.
Introduction
Looking for a booming career in Canada? Become a real estate agent.
Statistics show a huge boom in the prices of real estate in Canada over the past few decades and the numbers of real estate agents and brokers happen to be all over the place, literally!
According to the Toronto Real Estate Board, there are more than 62,000 real estate agents in the city of Toronto. Putting it in a different perspective, this means that there is one real estate agent per every 100 Torontian. This means that there has been an increase in the number of real estate agents by 5000 compared to last year.
Here is a challenge, name one more local industry where the number of “jobs” has more than doubled over the past years. An interesting fact is that getting a real estate license does not mean that you have a “job”. Being a real estate agent is not a job. It is in fact far from it.
So why, why are there so many real estate agents in Canada? Let’s find out.
Why are there so many real estate agents in Canada?
Lack of barriers
There are little or no barriers when getting into the real estate industry in Canada. You just have to be over 18 years old and must have money and time to take the pre-licensing courses.
This means that sadly, lots of new real estate agents are actually the people who couldn’t complete their education or get into a good job. And thus, it should not be surprising that the number of real estate agents in Canada has ballooned to an extreme over the past few years and they are still increasing.
It is profitable.
Even with the high number of real estate agents in Canada, it is estimated that each earns an average minimum pay of 25000 - 35000 dollars a year. So yeah, it is profitable and easy.
It is the only choice
Now, if there is a recent university graduate who has finished a decade of skipping classes, sleeping-in, and wasting their university fee, they are going to have a real wakeup call when they see the “real world” as it is because till now, it all seemed to be a cliche.
And then after a few months of unemployment and loans, they find out about that one career that does not require much education. Real Estate turns out to be just the thing for them.
Executive Homes Realty INC., Brokerage
Executive Homes Realty INC., Brokerage happens to be a fast-growing and best realtor in Mississauga, Canada. This is an organization run by hard working real estate experts who happen to be the best guide for you in your real estate journey (especially if you are looking for a brokerage to affiliate yourself with). Why wait? Contact Executive Homes Realty INC., Brokerage today, they are but a google search away.
