Bye Bye Realtors.

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👋 Thousands Of Realtors Exit

Source: Globe & Mail

The 411: Canada's housing slowdown is forcing thousands of realtors out of the business as fewer homes sell and commissions dry up.

• Canadian home sales are down 30% from their 2021 peak.

• CREA membership has fallen to 155,980, down from a record 164,598 in 2023.

• TRREB membership dropped from nearly 75,700 in late 2023 to about 66,700 today.

• Ontario had 84,798 licensed realtors at the end of 2025, the first annual decline in at least eight years.

• The number of new Ontario realtors has fallen 24% year over year and is down by more than half from its 2022 peak.

• One pre-construction brokerage saw condo sales fall from 3,000 units a year to just 800, cutting its workforce from 150 employees to 50.

• Realtors say annual licensing, insurance, and board fees can range from $4,000 to $7,000, making it difficult to stay in the business during a slow market.

Why This Matters: Canada probably had too many realtors to begin with. During the boom, everyone’s aunt, uncle, and high school friend seemed to get licensed. Now that sales are down, the industry is finally thinning out, and only agents with real clients, lower costs, or a stronger niche are likely to stick around.