Own it: Sustained growth in the value of residential construction have driven industry expansion

The Property Management industry in Canada is expected to grow strongly over the five years to 2019 as investment drives demand. Operators provide a variety of services related to the management of residential and nonresidential properties, which include collecting rent, screening tenants and general maintenance. As a result, the industry relies on the state of Canadian residential and nonresidential construction. Investment in construction drives the growth of properties that require the industry's services, particularly in the residential construction segment. Low interest rates have fomented this growth, while favourable economic trends have improved disposable income...read more.

Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 14-19
3.3%
Forecast Growth 19-24
Profit
Employment
34,820
Businesses
31,417
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Revenue growth is expected to remain steady as nonresidential construction across Canada picks up again
  • Investment in housing dipped during the recession and revenue growth slowed
  • The industry will benefit from changing demographics
  • Industry Report - Industry Key Buyers Chapter

    The Property Management industry in Canada is highly fragmented, with the vast majority of industry operators capturing less than 5.0% of total market share. In 2019, the four largest companies are estimated to account for 8.0% of the industry’s total revenue. The industry is extremely fragmented since participants must have strong contacts and personal knowledge of local markets. Additionally, the majority of industry costs are variable or semivariable, making it harder for large operators to gain significant economies of scale compared with smaller companies. As a result, the industry is also characterized by low barriers to entry and low capital costs, so smaller companies easily enter the marketplace. Sma...purchase to read more.

    Additional Insights for the Property Management Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Property Management Industry are

  • Having contacts within key markets
  • Having a well-defined strategy/goal
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Value of residential construction and Rental vacancy rate in the Property Management industry impact industry performance..

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    What's in this report

    What is the Property Management Industry?

    This industry manages residential and nonresidential real estate for others. Property management responsibilities relate to the overall operation of the property, including maintenance, rent collection, trash removal, security and some renovation activities. Operators may also help manage a property’s accounting, but processes relating to the transactions of properties or real estate investments are not included in this industry.

    Industry Products
  • Residential property management
  • Nonresidential property management
  • Reimbursements and other
  • Industry Activities
  • Collecting rent
  • Managing building maintenance
  • Managing security
  • Managing trash and recycling collection
  • Property accounting
  • Finding and screening potential tenants
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of residential construction
  • Rental vacancy rate
  • Urban population
  • Value of nonresidential construction

  • Current Performance
  • Housing market recovery
  • Nonresidential markets provide stable growth
  • Technology and industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Demographic demand
  • Housing crisis fears
  • Industry structure and profit
  • Table: Property Management Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Property Management Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing In Canada
  • Apartment Rental in Canada
  • Commercial Leasing in Canada
  • Storage & Warehouse Leasing in Canada

  • Key Selling Industries
  • Electricians in Canada
  • Janitorial Services in Canada
  • Landscaping Services in Canada
  • Law Firms in Canada
  • Plumbing in Canada

  • Products & Services
  • Reimbursements and other
  • Residential property management
  • Nonresidential property management
  • Chart: Property Management Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential property owners
  • Other
  • Office property owners
  • Retail property owners
  • Industrial property owners
  • Hotel property owners
  • Chart: Major Market Segmentation for the Property Management Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchases and depreciationRent, utilities, marketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Property Management

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Property Management Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Property Management Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Property Management Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Value of non-residential construction (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Broker
  • To arrange or negotiate a deal, such as the purchase of property.
  • Tenant
  • A person who occupies land or property rented from a landlord.
  • Vacancy Rate
  • The amount of real estate space unoccupied as a percentage of total available space.
  • What Our Customers Say

    Why buy this report?

    The Property Management market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Property Management:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Property Management market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Property Management, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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