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Labour Force Characteristics<br />
Employment levels in Real Estate firms are extremely sensitive to changes in <strong>the</strong> economy. A strong<br />
economy or an economic downturn directly impacts <strong>the</strong> industry.<br />
80,000<br />
70,000<br />
60,000<br />
50,000<br />
40,000<br />
30,000<br />
20,000<br />
10,000<br />
0<br />
40,000<br />
30,000<br />
20,000<br />
REAL ESTATE INDUSTRY TOTAL EMPLOYMENT<br />
TORONTO CMA 2006-2011<br />
2006 2007 2008 2009 2010 2011<br />
Total Employment Employees Self-employed<br />
EMPLOYMENT BY EDUCATIONAL ATTAINMENT<br />
TORONTO, CMA 2006-2011<br />
2011-2012 by <strong>the</strong> numbers<br />
• 73,990 <strong>Toronto</strong> CMA residents<br />
employed.<br />
• 50.1% live in <strong>the</strong> City <strong>of</strong><br />
<strong>Toronto</strong><br />
• 41.4% were self employed<br />
• 49.9% were females<br />
• 59,330 worked full time<br />
• 14,660 worked part time<br />
• Annual average employment<br />
growth rate between 2006-2011<br />
was at just 6.1%.<br />
• Average wage/hour – $23.93<br />
• 43,674 people employed in<br />
SMEs in June 2012<br />
• About 12% employed in<br />
establishments with 50-99<br />
employees.<br />
10,000<br />
0<br />
2006 2007 2008 2009 2010 2011<br />
High School Graduate<br />
Post 2nd Diploma/Cerficate<br />
Some Post Secondary<br />
University Degree<br />
Sources for above and right:<br />
Statistics Canada, Labour Force Survey & Canadian Business Patterns<br />
• Between 2006-2011, <strong>the</strong><br />
workforce with a university<br />
Degree increased by 78.4%<br />
• 41% have a University Degree<br />
and 31% a Post 2nd Diploma<br />
• 24% <strong>of</strong> <strong>the</strong> workforce is between<br />
25-34 years old and 28% is<br />
between 45-54 years old<br />
Local Labour Market Update 2013 • <strong>Toronto</strong>’s Opportunities and Priorities<br />
22