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Demography and demand: Managing growth and change in the real estate industry

demography and demand report

There will be a shortage of real estate professionals in British Columbia in the future due to retirement and a projected growth in the housing market unless recruitment levels almost double, says a REIBC report. The report, entitled Demography and demand: Managing growth and change in the real estate industry and commissioned by REIBC, says about 1,360 people would need to be recruited each year between 2005 and 2021. “For every person recruited into this sector to fulfill demand from growth in the industry, another would have to be recruited in order to replace someone who retires. This level of recruitment would be almost double the 1991 to 2001 average of 709 people per year.”

Demography and Demand Report
(This report was released in September 2005)