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Real estate rental and leasing and property management industries
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The real estate rental and leasing and property management industries continued to expand in 2006. Total combined operating revenues of these industries increased 5.7% from the previous year to $55.6 billion. The growth can be mainly attributed to favorable economic conditions and a robust real estate market.
Total operating expenses for the combined industries increased by 6.7% in 2006 to $43.7 billion. The operating profit margin of these industries remained strong at 21.5%.
The largest segment of these industries was the non-residential sector (50%), followed by the residential sector (42%) and property management services (8%).
Revenue growth was widespread across Canada. Provincial shares remained virtually unchanged from the previous year, except for slight increases in Alberta and British Columbia. Ontario, the most populated province, continued to dominate the market, followed by Quebec.
Data on the real estate rental and leasing and property management service industries are now available for 2006. These data provide information such as operating revenue, operating expenses, salaries and wages, profit before income tax 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.
Definitions, data sources and methods: survey number 4705.
For more information, or to enquire about the concepts, methods and data quality of this release, contact Adib Farhat (613-951-6306; adib.farhat@statcan.gc.ca), Service Industries Division.
