Definition
Real Estate (NAICS 531)

Under this topic you will find the North American Industry Classification System definition of the Real Estate (NAICS 531) subsector. You can use this definition to properly identify the segment of the industry you wish to study further in other sections of Canadian Industry Statistics.

Definition of the Subsector

This subsector comprises establishments primarily engaged in renting and leasing real estate, managing real estate for others, acting as intermediaries in the sale and/or rental of real estate, and appraising real estate.

Exclusions

Establishments primarily engaged in:

• the construction and development of buildings (23, Construction)
• the acquisition, assembly, subdivision into lots and servicing of raw land for subsequent sale to builders (23721, Land Subdivision)
• providing short-term lodging for travellers, vacationers and others (721, Accommodation Services)