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Research Proposal
Prepared for Toy M. | Delivered July 31, 2019
Real Estate Businesses and Agents
Goals
To determine the total number of real estate businesses and real estate agents several countries.
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Early Findings
The number of real estate sales agents in the US as of 2017 was
147,960
. The employment number is expected to grow at
1.7% annually,
and this means that the estimated number of real estate agents in the US in 2019 would be about 153,033 (Calculation was done with an
online CAGR calculator)
.
T
h
e
number of real estate businesses in the US is
349,278
as at 2018.
T
h
e
number of real estate agents in Canada in
2016 was 93,300
.
T
h
e
expected number of new employment between 2017 and 2026 is
49,300
, which would mean that the industry is growing at about 4,930 employees (49,300/10 years) per year since
labor supply and demand
are expected to be balanced.
T
h
e
above means that the total number of real estate agents in Canada in 2019 would be about 108,090 (93,300 +(4,930 * 3)).
T
h
e
total number of real estate businesses/establishments in Canada in 2016 was about
596,720
, however,
only 42,714
have one or more employees.
T
h
e
real estate industry in Canada is growing by about 3.2%. If we assume that the number of businesses will grow at the same annual rate between 2016 and 2019, we will have that the total number of establishments in 2019 is 655,858, with 46,947 having one or more employees (Calculation was done with an
online CAGR calculator
).
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Prepared By
Emmanuel A.
2115 assignments | 5.0