For individuals with an aptitude for selling and a passion for beautiful properties, working as a real estate agent in Canada is a dream come true. Have you worked in the real estate sector before and are seeking for a change of pace? If that’s the case, you might wish to seek for work in Canada as a real estate agent.
Well over 95 percent of real estate brokers operate in the rental and leasing industry, with anything from 200 to 50,900 agents working across Canada’s provinces and territories. Do you want to introduce your sales expertise to Canada? Take a look at the top five provinces in Canada with fantastic career prospects and how to get there.
Work in Canada As A Real Estate Agent
How to get into the real estate industry in Canada
1. Begin your real estate certification.
2. Join a brokerage agency.
3. Apply for licensing and take the licensing exam.
4. Get errors and omissions insurance.
5. Complete an articling/professional practice.
6. Get your first clients.
How much does a real estate agent make in Canada?
You might make anything between $24,746 to $134,783 per year, depending on the province or territory you live in. Of course, your experience and the province in where you work will play a role.
Can a foreigner become a real estate agent in Canada?
Yes. Foreigners can work for a company or operate independently in Canada by obtaining a broker’s license in the province or territory where they plan to work.
Highest paying cities for Real Estate Agents in Canada
- Burlington, ON. 6 salaries reported. $148,353. per year.
- Oakville, ON. 6 salaries reported. $133,422. per year.
- Greater Toronto Area, ON. 16 salaries reported. $129,273. per year.
- Toronto, ON. 123 salaries reported. $123,398. per year.
- Edmonton, AB. 23 salaries reported. $115,705.
Is real estate in Canada in high demand?
Yes. Real estate brokers are in high demand in at least five Canadian provinces. British Columbia, Manitoba, Ontario, Prince Edward Island, and Yukon are the five provinces and territories.
Do you need a real estate license in Canada to sell houses?
Yes. To legally act as a real estate agent in Canada, you must first get provincial or territorial license.
Do you need a license to be a real estate agent in Canada?
In Canada, how long does it take to obtain a real estate license?
To obtain your realtor license, you must first complete a pre-registration phase before applying for one. You must finish your courses in six to twelve months and get a 70% or higher in your exams.
Are you ready to relocate to Canada?
If you wish to work as a real estate agent in Canada, the possibilities are endless. You can seek for permanent residency, work as a contractor for a corporation, or create your own real estate company. It’s all up to you. All you have to do now is obtain a provincial or territory driver’s license and you’re ready to go!
Where to Find Work in Canada as Real Estate Agent
1. British Columbia
Real estate agents are on the list of in-demand vocations in five Canadian provinces, including British Columbia. Working as a real estate agent in British Columbia, Canada, might make you about $90,000 per year! In British Columbia, around 20,000 individuals work as real estate agents, with more than 95% of them working in renting and leasing. According to Job Bank Canada, job prospects are excellent in the following BC regions:
- Cariboo Region
- Kootenay Region
- Lower Mainland-Southwest Region
- Nechako Region
- North Coast Region
- Northeast Region
- Thompson-Okanagan Region
- Vancouver Island and Coast Region.
Manitoba is another province looking for skilled and experienced real estate sales agents. When working in Manitoba, you can look forward to a salary of around $71,371 in Winnipeg, Manitoba. There are about 1,850 people working in this occupation in the province with about 95 percent employed in rental and leasing. The job prospects are fair in the following regions in Manitoba:
- Interlake Region
- North Central Region
- North Region
- Parklands Region
- South Central Region
- Southeast Region
- Southwest Region
- Winnipeg Region.
Ontarian real estate agents, on average, make around $75,000 every year and have good job prospects in the following regions in the province:
- Hamilton-Niagara Peninsula Region
- Kingston-Pembroke Region
- Kitchener-Waterloo-Barrie Region
- London Region
- Muskoka-Kawarthas Region
- Northeast Region
- Northwest Region
- Ottawa Region
- Stratford-Bruce Peninsula Region
- Toronto Region.
- Windsor-Sarnia Region.
4. Prince Edward Island
If coastal living is a dream of yours, then Prince Edward Island (PEI) could be the ideal place for you to look for work in Canada as a real estate agent.
The average annual salary for agents in PEI is approximately $95,164. In general, you’ll find great job prospects throughout the province.
Although Yukon may not be on everyone’s list of places to relocate to in Canada, it certainly is a great opportunity for real estate agents or salespersons. You could stand to earn around $75,409 every year working in Yukon.
Work Permit & Immigration Options for Real Estate Agents
Express Entry – Federal Skilled Worker Program
Real estate agents can apply to work in Canada through the Federal Skilled Worker Program as highly skilled workers (FSWP). To be eligible for this program, you must first complete the pre-qualification requirements. Before receiving their Comprehensive Ranking System (CRS) Score, FSWP candidates must score at least 67 out of a potential 100 points.
The CRS is a system used by the government to rank possible permanent residence candidates based on five key criteria:
- Ability to settle in Canada.
- Language ability
- Skill & work experience; and
Your Express Entry profile will be submitted into a draw pool with other applicants after you get your CRS score. Those who score the highest on the profile will be sent an invitation to apply (ITA) for permanent residency in Canada. And if your CRS score falls short, you have an infinite number of opportunities to improve your CRS score and increase your chances of being invited to apply for permanent residency in Canada.
The Provincial Nominee Program
There are 11 Provincial Nominee Programs (PNPs) in Canada through which you may apply for permanent residency; however, five of them have designated real estate brokers as an in-demand vocation. What does this imply for you personally? As an experienced agent with a work offer in Canada, you may be able to enter the country through one of the following PNPs:
- British Columbia PNP (BC PNP);
- Manitoba PNP (MPNP);
- Ontario Immigrant Nominee Program (OINP);
- Prince Edward Island PNP (PEI PNP); and
- Yukon PNP
If you really want to work on the shore, you may apply for permanent residency on Prince Edward Island through the Atlantic Immigration Pilot (AIP), which has the same six-month processing timeframe as the Express Entry system.
Start-up Visa Program
In Canada, between 21 and 48 percent of real estate brokers and salespeople are self-employed. As a result, if you want to work alone, you have the option to do so. However, you’ll need to have a broker’s license. However, in order to establish your own realtor firm, you must apply for a Canadian visa under the Start-up Visa Program.
Requirements for a Start-up Visa
There are a number of conditions that must be satisfied, including:
- Have a letter of support from a designated organization;
- Play an active role in the running of your business;
- Possess at least 10% voting rights;
- Have more than 50% attached to outstanding shares (with the designated organization);
- Must be residing in Canada;
- Have enough settlement money to support yourself and your family.
- Meet the minimum Canadian Language Benchmark (CLB) level 5;
Canadian Work Permit Options
If you don’t qualify for any of the aforementioned programs or are searching for a more temporary employment to determine if Canada is the right fit for you, you might apply for a temporary work permit in Canada.
If you have a job offer, you must apply for an employer-specific work permit, which will allow you to work in Canada for the duration of your employment offer. You’ll also be limited to working for the company that gave you the job. If you decide to hunt for a new employment in Canada, you will need to apply for a new work permit.