Real Estate Asset Management & Consulting in Canada - Market Research Report (2013-2028)
New York, United States
Last Updated: October 2023
NAICS 53139CARevenue
$4.9bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
20,834
Businesses
12,883
Wages
$X.Xbn
Real Estate Asset Management & Consulting in Canada industry analysis
The Real Estate Asset Management and Consulting industry in Canada comprises companies that provide auxiliary real estate services. Industry operators provide transactional services, such as escrow and tenant representation. They also generate data and analysis on local and regional markets, and provide consulting and advisory services to property owners, managers, investors and developers. This includes advice on market valuation, property taxes and property management.As with other industries that are heavily reliant on construction activity, the industry has experienced a moderate level of volatility in recent years. Real estate asset management and consulting revenue is expected to grow at a CAGR of 2.8% to $4.9 billion over the past five years, including a 2.3% decrease in 2023 alone, when profit will increase to 23.8%.Real estate asset management and consulting revenue is expected to grow at a CAGR of 1.4% to $5.3 billion over the next five years, with profit reaching 24.3% in 2028. This slower growth is anticipated to be mainly attributed to mounting levels of household debt, rising interest rates and only slow gains in income growth during the outlook period. However, an expanding economy and improving nonresidential construction market are expected to support revenue growth. Additionally, the International Monetary Fund identified Canada's house price-to-rent and house price-to-income ratios as dangerously high. If this trend doesn't improve, uncertainty and volatility is likely to increase in the real estate asset management and consulting industry.
Trends and Insights
- Inflation fears forced the Bank of Canada to change course and increase interest rates. Higher interest rates sapped liquidity from the markets and both individuals and banks reduced their desire to take out mortgages. Decreased demand lowed the price of real estate, negatively affecting the portfolio of real estate asset managers.
- Real estate consulting services followed the trends of the general real estate market. Rising demand in the housing market and improving corporate profit has helped boost this segment since consulting services are demanded in the lead up to and during the purchase of real estate.
- The dispersal of establishments also follows population trends. In general, the more businesses and consumers there are in a province, the great likelihood there is a more thriving real estate market.
- Regionalization of services keeps concentration low. Many small real estate asset managers and consultants operate in the state or city where their customers reside.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 2.8 % over the past five years, to reach an estimated $4.9bn in 2023.
Trends and Insights
Interest rate fluctuations in recent years heavily affected the residential market
- The Bank of Canada brought interest rates near zero to stimulate the economy after the 2020 pandemic. The low interest rates inflated asset prices with real estate prices in particular soaring.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Canada's residential market is poised for a volatile run due to ongoing uncertainty
- The International Monetary Fund (IMF) maintains its skepticism over Canada's housing situation owing to persistently high house price-to-rent and house price-to-income ratios. These persistently high ratios are likely to continue in the coming years.
Biggest companies in the Real Estate Asset Management & Consulting in Canada
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
CBRE Group Inc. | 242.3 | N/A | N/A | |
Brookfield Asset Management Inc. | 118.7 | N/A | N/A | |
Jones Lang LaSalle IP Inc. | 108.8 | N/A | N/A |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Residential property management services, Real estate consulting services and Real estate listing services. Residential property management services is the largest segment of the Real Estate Asset Management & Consulting in Canada.
Trends and Insights
Real estate consulting services followed the trends of the general real estate market
- Consulting services are offered to a wide range of residential and nonresidential clients and has slightly risen as a share of revenue in recent years.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Property Management in Canada
Complementors
- Property, Casualty and Direct Insurance in Canada
- Real Estate Sales & Brokerage in Canada
International industries
- Global Commercial Real Estate
- Real Estate Asset Management & Consulting in the US
- Real Estate Services in Australia
- Real Estate Services in New Zealand
- Estate Agents in the UK
Table of Contents
About this industry
Industry definition
This industry provides real estate-related services, including escrow, fiduciary, consultancy, research, listings, tenant representation and other miscellaneous activities. The industry does not include real estate agent and broker offices, real estate lessors, real estate property managers or real estate appraiser offices.
What's included in this industry?
Real estate consulting servicesProperty management servicesReal estate listing servicesReal estate relocation servicesReal estate auction servicesCompanies
CBRE Group Inc.Brookfield Asset Management Inc.Jones Lang LaSalle IP Inc.Purchase this report to view all 4 major companies in this industry.
Related Terms
ESCROWFIDUCIARY SERVICESRENTAL YIELDIndustry Code
NAICS 531390 - Real Estate Asset Management & Consulting in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Inflation fears forced the Bank of Canada to change course and increase interest rates. Higher interest rates sapped liquidity from the markets and both individuals and banks...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Real estate consulting services followed the trends of the general real estate market. Rising demand in the housing market and improving corporate profit has helped boost thi...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The dispersal of establishments also follows population trends. In general, the more businesses and consumers there are in a province, the great likelihood there is a more th...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each province in 2023
- Number and share of revenue each province accounts for in 2023
- Number and share of wages each province accounts for in 2023
- Number and share of employees in each province in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Regionalization of services keeps concentration low. Many small real estate asset managers and consultants operate in the state or city where their customers reside.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The Real Estate Asset Management and Consulting industry doesn't have major players. It is difficult for any single company to establish a large market share in this industry...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of CBRE Group Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Brookfield Asset Management Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Jones Lang LaSalle IP Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for CBRE Group Inc., and factors influencing its performance in the industry
- Description and key data for Brookfield Asset Management Inc., and factors influencing its performance in the industry
- Description and key data for Jones Lang LaSalle IP Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The industry is exposed to stringent laws pertaining to escrow and fiduciary services. This includes regulations under the Cooperative Credit Associations Act and the Trust a...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Larger companies record higher profit as specialization in specific areas enables them to maximize efficiency and save on wage costs. Real estate asset managers and consultan...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Assets (2016-2021)
- Liabilities (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Real Estate Asset Management & Consulting industry in Canada in 2024?
The market size of the Real Estate Asset Management & Consulting industry in Canada is $4.9bn in 2024.
How many businesses are there in the Real Estate Asset Management & Consulting in Canada industry in 2023?
There are 12,883 businesses in the Real Estate Asset Management & Consulting industry in Canada, which has declined at a CAGR of 2.2 % between 2018 and 2023.
Has the Real Estate Asset Management & Consulting industry in Canada grown or declined over the past 5 years?
The market size of the Real Estate Asset Management & Consulting industry in Canada has been growing at a CAGR of 2.8 % between 2018 and 2023.
What is the forecast growth of the Real Estate Asset Management & Consulting industry in Canada over the next 5 years?
Over the next five years, the Real Estate Asset Management & Consulting industry in Canada is expected to grow.
What are the biggest companies in the Real Estate Asset Management & Consulting market in Canada?
The biggest companies operating in the Real Estate Asset Management & Consulting market in Canada are CBRE Group Inc., Brookfield Asset Management Inc. and Jones Lang LaSalle IP Inc.
What does the Real Estate Asset Management & Consulting in Canada include?
Real estate consulting services and Property management services are part of the Real Estate Asset Management & Consulting industry.
Which companies have the highest market share in the Real Estate Asset Management & Consulting in Canada?
The company holding the most market share in Canada is CBRE Group Inc..
How competitive is the Real Estate Asset Management & Consulting industry in Canada?
The level of competition is high and steady in the Real Estate Asset Management & Consulting industry in Canada.
