Canada Real Estate Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Canada Real Estate Services Market Report Companies, and It is Segmented On the Basis of Type (residential, Commercial, and Other Types) and Service (property Management, Valuation Services, and Other Services)

Canada Real Estate Services Market Size

Compare market size and growth of Canada Real Estate Services Market with other markets in Real Estate and Construction Industry

Canada Real Estate Services Market Analysis

The Canada Real Estate Services Market size is estimated at USD 30.90 billion in 2025, and is expected to reach USD 39.44 billion by 2030, at a CAGR of 5% during the forecast period (2025-2030).

In 2024, Canada’s real estate market underwent significant changes driven by government policies and economic conditions. The federal budget introduced targeted measures to address housing affordability and supply constraints. A key initiative committed to delivering 3.87 million new homes by 2031, aiming to mitigate the housing supply shortage. This plan includes converting 50% of federal office spaces into residential units and utilizing over 1,700 Canada Post properties for housing development.

To address high home prices and rising rents, the government implemented measures to support first-time homebuyers and renters. Effective August 1, 2024, first-time buyers of newly constructed homes became eligible for 30-year mortgage amortizations, an increase from the previous 25-year limit, to enhance affordability. Additionally, the Home Buyers’ Plan raised the RRSP withdrawal limit from USD 35,000 to USD 60,000, providing greater financial flexibility for buyers.  

Despite these interventions, challenges persisted. In December 2024, home sales in the Greater Toronto Area declined by 18.7%, reaching a five-month low with 5,359 units sold. This decline was attributed to elevated borrowing costs and affordability challenges. However, the home price index recorded a modest increase of 0.4% month-over-month and 0.3% year-over-year, reflecting some resilience in the market.  

Looking ahead, the government’s strategic measures and the market’s adaptability indicate a positive trajectory for Canada’s real estate sector. The combination of increased housing supply, enhanced support for first-time buyers, and well-structured policy interventions is expected to promote a more balanced and accessible housing market in the coming years.

Expansion of Canada’s Commercial Real Estate Market

Canada's commercial real estate market has demonstrated notable growth from 2024 to 2025, driven by strategic investments and advancements across multiple sectors.

In January 2025, Walmart Canada announced an investment of approximately CAD 6.5 billion (USD 4.51 billion) to expand its operations. This includes the construction of numerous new stores, with five supercenters planned in Ontario and Alberta by 2027, and the modernization of distribution centers. The initiative aims to enhance both online and in-store customer experiences.  

In October 2024, Brookfield acquired Tritax EuroBox after outbidding Segro, leading to a non-binding agreement between the two companies to divide Tritax EuroBox’s warehouse portfolio. This transaction signals renewed momentum in the commercial property market, particularly in the industrial sector, which had been impacted by high-interest rates. The industrial property sector has recorded a 12% increase in deal volume this year, driven by strong demand from the e-commerce industry.  

In January 2025, AstraZeneca committed EUR 460 million (USD 492.2 million) to the Greater Toronto Area, creating 700 high-skilled scientific jobs. This investment aligns with AstraZeneca’s objective to achieve US$80 billion in revenue and launch 20 new medicines by 2030, with eight already introduced. The company, employing over 2,100 people in Canada, anticipates results from seven phase III clinical trials this year.  

These developments underscore the strength of Canada’s commercial real estate market, with significant investments across retail, industrial, and life sciences sectors contributing to economic growth and diversification.

Canada Real Estate Services Industry Overview

The market is fragmented, comprising both international and local players. Some prominent international companies in the region include Colliers International Group Inc. and Cushman & Wakefield ULC. The real estate sector is gradually recovering from the pandemic and is expected to grow during the forecast period. The supply crunch is unprecedented in Canada’s housing market, but other factors are expected to influence buying and selling conditions in 2022.

Canada Real Estate Services Market Leaders

  1. Colliers International Group Inc.

  2. Cushman & Wakefield ULC

  3. FirstService Corporation

  4. Living Realty Inc.

  5. Cadillac Fairview Corporation Ltd

  6. *Disclaimer: Major Players sorted in no particular order
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Canada Real Estate Services Market News

  • February 2025: The Laurentian Mountains in Quebec saw a surge in luxury real estate listings, with properties ranging from CAD 2.995 million to CAD 22 million. These homes offer unique features such as waterfront access, private spas, and expansive estates, attracting affluent buyers seeking second homes or investment opportunities in the region.
  • July 2024: Revelstoke, a ski resort in British Columbia, experienced a significant property market boom. The development of new luxury residences, including Cabot Revelstoke’s chalets and golf course, attracted international buyers and investments. This growth has transformed Revelstoke into a prominent four-season destination, drawing visitors and investors from Canada, the U.S., and Europe.

Canada Real Estate Services Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increasing new construction activity as well as expansion of new startups and small enterprises
    • 4.2.2 Increasing demand for affordable housing units
  • 4.3 Market Restraints
    • 4.3.1 Lack of housing spaces and mortgage regulation
    • 4.3.2 Affordability of Housing
  • 4.4 Market Opportunities
    • 4.4.1 Demand for office spaces is likely to increase across key cities in Canada
    • 4.4.2 Niche Property Investemnts
  • 4.5 Porter's Five Forces Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Impact of Geopolitics and Pandemic on the Market

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Residential
    • 5.1.2 Commercial
    • 5.1.3 Other Types
  • 5.2 By Service
    • 5.2.1 Property Management
    • 5.2.2 Valuation Services
    • 5.2.3 Other Services

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Colliers International Group Inc.
    • 6.2.2 Cushman & Wakefield ULC
    • 6.2.3 FirstService Corporation
    • 6.2.4 Living Realty Inc.
    • 6.2.5 Cadillac Fairview Corporation Ltd
    • 6.2.6 Re/max Realtron Realty Inc.
    • 6.2.7 SNC-Lavalin Operations & Maintenance Inc.
    • 6.2.8 Royal LePage Limited
    • 6.2.9 Triovest Realty Advisors Inc.
    • 6.2.10 Sutton Group Preferred Realty Inc.*
  • *List Not Exhaustive
  • 6.3 Other Companies

7. FUTURE OF THE MARKET

8. APPENDIX

**Subject to Availability
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Canada Real Estate Services Industry Segmentation

Real Estate Services means providing a service with respect to the purchase, sale, lease, rental, or appraisal of real property. The report provides a comprehensive background analysis of the Canadian real estate services market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the industry's competitive landscape. The impact of COVID-19 has also been incorporated and considered during the study.

The Canadian real estate services market is segmented based on type (residential, commercial, and other types) and service (property management, valuation services, and other services). The report offers market size and forecasts for the Canada Real Estate Services Market in value (USD) for all the above segments.

By Type Residential
Commercial
Other Types
By Service Property Management
Valuation Services
Other Services
By Type
Residential
Commercial
Other Types
By Service
Property Management
Valuation Services
Other Services
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Canada Real Estate Services Market Research FAQs

How big is the Canada Real Estate Services Market?

The Canada Real Estate Services Market size is expected to reach USD 30.90 billion in 2025 and grow at a CAGR of 5% to reach USD 39.44 billion by 2030.

What is the current Canada Real Estate Services Market size?

In 2025, the Canada Real Estate Services Market size is expected to reach USD 30.90 billion.

Who are the key players in Canada Real Estate Services Market?

Colliers International Group Inc., Cushman & Wakefield ULC, FirstService Corporation, Living Realty Inc. and Cadillac Fairview Corporation Ltd are the major companies operating in the Canada Real Estate Services Market.

What years does this Canada Real Estate Services Market cover, and what was the market size in 2024?

In 2024, the Canada Real Estate Services Market size was estimated at USD 29.36 billion. The report covers the Canada Real Estate Services Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Canada Real Estate Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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Canada Real Estate Services Industry Report

Statistics for the 2025 Canada Real Estate Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Real Estate Services analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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