Commercial agent numbers down at top brokerages
Average number of agents decreased despite an increase in the median number
Canadian corporate profits have soared over the past months across a wide range of industries, including finance and resources.
But profits in the real estate sector have declined, according to Canadian Centre for Policy
Alternatives data.
The number of agents working at British Columbia’s largest real estate firms has a lso declined, according to data collected on Business in Vancouver’s list of the biggest commercial real estate brokerages in B.C. (page ).
The average number of commercial agents at B. C.’ s top brokerages peaked in at .. By , it had dropped to .. The decline was largely the result of downsizing at Colliers International ( No. ), which has reduced its number of agents by . per cent to in from in .
Re/ Max Commercial’s ( No. ) number of commercial agents has dropped from in to in .
While the average number of commercial agents at B.C.’s biggest real estate brokerages has fallen, the median number has grown. After dropping in , the median jumped . per cent to in from in . This suggests that while larger firms higher on the list shrunk, smaller firms lower on the list grew.
The three brokerages that grew the most over the past year were all ranked in the lower half of BIV’s list.
Claridge Real Estate Advisors Inc. ( No. ) increased its number of agents by . per cent;
Goodman Commercial Inc.’ s (No. ) grew per cent; and Taurus Commercial Real Estate Services (No. ) increased its number of agents by . per cent.