The 2020 full-time average hourly wage rate for retail sales supervisors and specialized sales occupations, which includes real estate agents and salespersons, is $25.72. Real estate agents make their living by take a small commission from the final selling price of each home that they successfully have a hand in selling. How much does a Real Estate Agent make? Commissions paid to real estate agents in Canada typically range between 3% to 7% of the final purchase price, depending on region and the agent used.. Mortgages & Real Estate; Do real estate agents really make $1,000 an hour? We’re open and transparent about our rates. Of those 79,000 agents, over 56,000 are part of the Toronto Regional Real Estate Board (TREB). How much are commission rates for real estate agents in Canada? How do you analyze real estate deals to make sure the numbers work? The jobs requiring this skill have increase by 1400.00% since 2018. Real Estate Agents with this skill earn +61.67% more than the average base salary, which is $87,319 per year. So, for example, commissions on a home that sells for about $500,000 — the average price in Canada — would total $15,000 to $35,000. Visit PayScale to research real estate broker salaries by city, experience, skill, employer and more. The 2020 corresponding median weekly wage rate is $960, giving an approximate full-time annual salary for this employment group of $50,000. The national average salary for a Real Estate Agent is $50,587 in Canada. How much does a real estate agent usually make? Filter by location to see Real Estate Agent salaries in your area. In a red-hot market like Toronto, where a $1-million home sells in 24 hours and a realtor puts in a few hours of work for a $25,000 commission, the numbers might work Breadcrumb Trail Links. Ontario has the most real estate agents in Canada with more than 79,000 real estate salespersons and brokers and 38 local real estate boards in Ontario. Zillow Canada listings feature property photos, listing price, neighborhood maps, upcoming open houses (as allowed safely) and nearby homes for sale. The St Germain Group is the first and only real estate group in Victoria to disclose our real estate commission and provide a real-time calculator. Salary estimates are based on 31 salaries submitted anonymously to Glassdoor by Real Estate Agent … Zillow is the leading real estate marketplace dedicated to helping buyers, sellers, and renters find information and inspiration around the place they call home. The average salary for a Real Estate Broker in Canada is C$69,024. A: Investors generally look at three things when the analyzing a property: First, they look at what the building is currently doing – how much income it has been generating and what the property-level expenses are, which gives you the Net Operating Income (NOI) . This commission is split by the buyer’s and seller’s agent and it is only paid out when a sale is complete. Real estate agents make money by charging a commission for their services that is usually paid out as a percentage of the final property selling price. Our commission is true – no gimmicks, hidden fees, marketing "add-ons" or extra charges.