Employment in real estate up by 71,000 or ‘a whopping’ 35 per cent in the last year…in contrast, overall employment over that 12-month period fell by 400,000 or 2.3 per cent…
Canada: Employment in real estate up ‘a whopping’ 35 per cent
It’s been a busy year for veteran Ottawa realtor Carol Charbonneau.
And she hasn’t been the only one to benefit as widespread fear at the onset of the “Great Recession” of a collapse of the Canadian housing market ebbed away.
“We still have a high number of realtors and that tells you a lot about the market,” she said. “In real estate, you’re on commission and if you don’t have any money coming in to pay the bills you get out of the business and go looking for another job.”
There’s “no comparison” with the last major downturn in the real estate market in the 1990s, said Charbonneau, who began her career in residential real estate more than two decades ago at the tail end of the 1980s housing boom.
Read the article, “Real estate, financial sectors lead the recovery; Rising house sales, prices drive an increase in staffing” at Kelowna (Jan 16, 2010).