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Thursday, June 5, 2003

Real estate rental and leasing and property management industries

2001

Total operating revenue for the real estate rental and leasing industries and the property management service industry increased 10% to $41.6 billion in 2001 compared with 1999. (There was no survey in 2000.) The non-residential sector accounted for 52% of total operating revenue with $21.5 billion, followed by the residential sector at $18.0 billion, or 43%, and property management at $2.1 billion, or 5%.

Total operating expenses reached $33.3 billion, up 7% from 1999. Mortgage interest and property taxes are the two major expenses items, each accounting for 18% of the total operating expenses.

Data on the real estate rental and leasing and property management service industries are now available for 2001. These data provide information such as operating revenue, operating expenses, salaries and wages, profit before income tax and the number of establishments at the provincial and territorial level. The industries comprise lessors of residential buildings (excluding social housing), lessors of non-residential buildings and property managers.

Available on CANSIM: table 352-0003.

Information on methods and data quality available in the Integrated Meta Data Base: survey number 4705.

For more information, or to enquire about the concepts, methods and data quality of this release, contact Jean Hamilton (613-951-7358; hamijea@statcan.gc.ca), Service Industries Division.

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Date Modified: 2003-06-05 Important Notices