Opportunities in Real Estate

At the Canadian Youth Real Estate Association, we believe that knowledge of real estate at an early age is important. The earlier you invest in real estate, the longer your time horizon is to realize gains and build wealth. Even if you don’t plan to invest in real estate eventually, knowing the real estate market trends will give you an idea of how to plan financially when you decide to buy a home. You would be able to understand mortgage options and calculate appreciation which can help you plan for long-term financial security and retirement. A career in real estate is also very lucrative, as there is high earning potential,

diverse career paths, and entrepreneurial opportunities.

Our association aims to help university and high school students, such as yourself, get a head start in this industry. We do this by hosting information sessions with experts across North America who can transfer some of their knowledge to them. We believe that one of the key pillars to success in this industry is networking. We make it our goal to not only help the youth understand real estate but also to help them find a way to network with the numerous professionals we bring on. By doing so, we bridge the gap between the youth and real estate opportunities so that they can attain their first high-quality job.

The Canadian real estate market is active and growing, with a mix of factors affecting demand, supply, and prices. Low interest rates and a shortage of available houses have all played a role in this growth. The pandemic has shown us how important it is to have a home. According to the Canadian Real Estate Association, the average home price in Canada in December 2023 was $657,145, which is a 5.1% increase from the previous year. This shows that the market is strong and can adapt to changes in the

economy. Canada is a big country, and the real estate market can be very different depending on the region. In big cities like Toronto and Vancouver, home prices have gone up a lot because there are many buyers but not enough homes for sale. On the other hand, smaller cities and rural areas have seen more stable prices. The pandemic also caused some people to move out of big cities as they began working from home.

1. One of our former speakers, Alex Gibson, has provided us with the privilege of accessing the Wharton Undergraduate Real Estate Club Career Guide. If you are not familiar with Wharton, it is one of the top business schools in the United States. This 42-page comprehensive real estate guide will give you a foundation in this industry. The guide goes over everything about making an entrance into the industry, from types of real estate to real estate job types and even networking advice and common interview questions.

2. Use LinkedIn. If you do not have an account, make one now. Do not shy away from this app if you think you don’t have experience or anything valuable to showcase. Anything on it looks better than nothing. As you get your first job, become involved in clubs, or even earn awards, you will start to build your reputation. You can also message professionals in any industry you want and gain valuable knowledge from them that you utilize to reach your goals.

3. Volunteering is a fantastic way to get started in real estate. If you know anyone in the industry, have a chat with them and consider shadowing them to observe the work and gain a better understanding of the role. This hands-on experience can be invaluable. Even if you don’t have any connections in real estate, don’t worry! You can learn how to reach out to people or companies through cold messaging or emailing. It’s a common practice, and most people are open to helping out. There is nothing to lose and a lot to gain.