Work in Canada As A Real Estate Agent 2023

Work in Canada As A Real Estate Agent 2023

If you have a knack for sales and a passion for beautiful properties, becoming a real estate agent in Canada can be a fulfilling career choice. If you’re currently working in the real estate industry and seeking a change of pace, consider exploring the Canadian market.

The rental and leasing industry comprises more than 95 percent of real estate brokers, with a broad range of agents, from 200 to 50,900, operating across Canada’s provinces and territories. To pursue a career in real estate in Canada and apply your sales expertise, consider the top five provinces with excellent job prospects and learn how to get started.

If you’re looking for job opportunities as a real estate agent in Canada,

1. British Columbia is an excellent province to consider. Real estate agents are among the in-demand occupations in five Canadian provinces, including British Columbia. As a real estate agent in British Columbia, you can expect to earn around $90,000 annually.

Currently, over 20,000 people work as real estate agents in British Columbia, with over 95% of them working in renting and leasing. According to Job Bank Canada, there are excellent job prospects for real estate agents in the following regions of British Columbia:

2. Manitoba

Manitoba is a province currently seeking proficient and seasoned real estate sales agents. Those who work in this field in Winnipeg, Manitoba can anticipate earning around $71,371. In the province, there are approximately 1,850 individuals employed in this industry, with the vast majority involved in renting and leasing. The following regions in Manitoba offer favorable opportunities for career growth:

3. Ontario

Ontarian real estate brokers earn an average of $75,000 a year and have high job prospects in the province’s following regions:

4. Prince Edward Island

If you want to live on the seaside, Prince Edward Island (PEI) might be the perfect area for you to hunt for real estate agent jobs in Canada.

In Prince Edward Island, the average yearly pay for agents is $95,164. In general, there are plenty of career opportunities throughout the province.

5. Yukon

Although Yukon may not be on everyone’s list of Canadian destinations, it is an excellent opportunity for real estate brokers and salespeople. Working in Yukon, you may make roughly $75,409 per year. Keep reading to learn more about work in Canada as a real estate agent

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:

1. Ability to settle in Canada.
2. Age
3. Education
4. Language ability
5. 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:

1. British Columbia PNP (BC PNP);
2. Manitoba PNP (MPNP);
3. Ontario Immigrant Nominee Program (OINP);
4. Prince Edward Island PNP (PEI PNP); and
5. 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:

1. Have a letter of support from a designated organization;
2. Play an active role in the running of your business;
3. Possess at least 10% voting rights;
4. Have more than 50% attached to outstanding shares (with the designated organization);
5. Must be residing in Canada;
6. Have enough settlement money to support yourself and your family.
7. 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.

FAQS On How To Get Job As A Real Estate Agent

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 which 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.

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.

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.