North American Industry Classification System (NAICS) Canada 2017 Version 2.0

53 - Real estate and rental and leasing

This sector comprises establishments primarily engaged in renting, leasing or otherwise allowing the use of tangible or intangible assets. Establishments primarily engaged in managing real estate for others; selling, renting and/or buying of real estate for others; and appraising real estate, are also included.

531 - Real estate

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.

• Exclusion(s)

  • acquisition, assembly, subdivision into lots and servicing of raw land for subsequent sale to builders (See 237210 Land subdivision)
  • construction and development of buildings (See 23 Construction)
  • providing short-term lodging for travellers, vacationers and others (See 721 Accommodation services)

5311 - Lessors of real estate

This industry group comprises establishments primarily engaged in renting and leasing real estate properties. These establishments may operate (rent, lease, administer and maintain) their properties on own account, or they may subcontract the operation to a third party. This industry group also includes establishments that lease real estate from others, and sublease it to others.

• Exclusion(s)

  • real estate investment trusts, primarily investing in mortgages or construction loans (See 526989 All other miscellaneous funds and financial vehicles)
  • real estate property management on behalf of property owners (See 531310 Real estate property managers)

53111 - Lessors of residential buildings and dwellings

This industry comprises establishments primarily engaged in renting and leasing residential buildings and dwellings, such as apartments, single family homes and semi-detached or row houses. These establishments may operate (lease, administer and maintain) their properties on own account, or they may subcontract the operation to a third party, and they may provide additional services, such as security, maintenance, parking, and snow and trash removal.

• Exclusion(s)

  • managing residential buildings on behalf of their owners (See 531310 Real estate property managers)

531111 - Lessors of residential buildings and dwellings (except social housing projects)^CAN

This Canadian industry comprises establishments primarily engaged in renting and leasing residential buildings and dwellings, except social housing projects. These establishments may provide additional services, such as security, maintenance, parking, and snow and trash removal.

• Illustrative example(s)

  • operators of apartment buildings
  • real estate investment trusts (REITs), operating residential buildings (except social housing)
  • residential hotels operators

  All examples

• Inclusion(s)

  • operation of residential properties on own account
  • subcontracting operation of residential property to a third party

• Exclusion(s)

  • lessors of social housing projects (See 531112 Lessors of social housing projects)
  • operation of social housing projects (See 531112 Lessors of social housing projects)

531112 - Lessors of social housing projects^CAN

This Canadian industry comprises establishments primarily engaged in renting and leasing residential buildings and dwellings provided to low-income earners.

All examples

• Inclusion(s)

  • operation of social housing projects by private, non-profit housing corporations
  • operation or funding of social housing projects by non-profit government entities

• Exclusion(s)

  • operating short stay emergency housing facilities (See 624220 Community housing services)