Job prospects Commercial Real Estate Agent in Newfoundland and Labrador

Explore current and future job prospects for people working as a "commercial real estate agent" in Newfoundland and Labrador or across Canada.

Job opportunities in Newfoundland and Labrador

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be good for Real estate agents and salespersons (NOC 63101) in Newfoundland and Labrador for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• Several positions will become available due to retirements.
• High employee turnover in this occupation could lead to additional employment opportunities.

Real estate agents and salespersons salaries are generally commission based. Prospects will be better for individuals with flexibility to work evenings and weekends to accommodate the schedules of buyers and sellers.

Here are some key facts about Real estate agents and salespersons in Newfoundland and Labrador:

• Approximately 550 people worked in this occupation in May 2021.
• Real estate agents and salespersons mainly work in the following sectors:
  • Real Estate and rental and leasing (NAICS 53): more than 95%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 92% compared to 83% for all occupations
  • Part-time workers: 8% compared to 17% for all occupations
• 78% of real estate agents and salespersons work all year, while 22% work only part of the year, compared to 56% and 43% respectively among all occupations. Those who worked only part of the year did so for an average of 47 weeks compared to 40 weeks for all occupations.
• 85% of real estate agents and salespersons are self-employed compared to an average of 8% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 49% compared to 51% for all occupations
  • Women: 51% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 11% for all occupations
  • high school diploma or equivalent: 24% compared to 27% for all occupations
  • apprenticeship or trades certificate or diploma: 16% compared to 17% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 35% compared to 23% for all occupations
  • bachelor's degree: 20% compared to 14% for all occupations
  • university certificate, degree or diploma above bachelor level: less than 5% compared to 7% for all occupations

Breakdown by region

Explore job prospects in Newfoundland and Labrador by economic region.

Source Labour Market Information | Prospects Methodology

Labour market conditions over the next 10 years

Explore current and future job prospects for people working as a "commercial real estate agent" Real estate agents and salespersons (NOC 63101) or across Canada.

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