real estate agent smiling in black printed blouse holding a sold signage metal post outside a house
Photo by RDNE Stock project on

Toronto’s once unstoppable real estate market has lured tens of thousands into becoming real estate agents in a modern-day gold rush.

In the past three years, the number of licensed real estate agents in Toronto has grown by 30 per cent, from 56,000 realtors in 2020 to 73,000 today, according to the Toronto Regional Real Estate Board (TRREB). 

Meanwhile, the Ontario Real Estate Association (OREA) has 96,000 members as of September. That means that despite having less than half of Ontario’s population, Toronto has three quarters of the province's real estate agents.

But like all gold rushes, for many expectations do not match reality, industry insiders say. Only a small fraction of those who earn their license end up making good money. 

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Fin DePencier is a journalist, photographer and filmmaker based in Toronto. Over the past few years, he has reported on the ground from Ukraine, Armenia, Lebanon and Kazakhstan as a correspondent for Palladium...