Variant of NAICS 1997 - Labour Force Survey (LFS) Industries

7 - Services-Producing Sector

10 - Finance, Insurance, Real Estate and Leasing

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.

532 - Rental and Leasing Services

This subsector comprises establishments primarily engaged in renting or leasing tangible goods, such as automobiles, computers, consumer goods, and industrial machinery and equipment, to customers in return for a periodic payment.

The subsector includes two main types of establishments:

*those that are engaged in renting consumer goods and equipment; and
*those that are engaged in leasing machinery and equipment of the kind often used for business operations.

The first type typically operates from a retail-like or store-front facility and maintains inventories of goods that are rented for short periods of time.

The latter type typically does not operate from retail-like locations or maintain inventories, and offers longer-term leases. These establishments work directly with clients by providing or arranging financing to enable them to acquire the use of equipment on a lease basis; or they work with equipment vendors or dealers to support the marketing of equipment to their customers under lease arrangements. Equipment lessors generally structure lease contracts to meet the specialized needs of their clients and use their remarketing expertise to find other users for previously leased equipment. Establishments that provide operating and financial leases are included in this subsector.

• Exclusion(s):

  Establishments primarily engaged in:

  • renting or leasing intangibles or intellectual property (See 51 Information and Cultural Industries)
  • leasing and providing loans to buyers of goods and equipment, or to vendors and dealers to finance their inventories (See 52222 Sales Financing)
  • leasing real property (See 531 Real Estate)
  • employee leasing services (See 56133 Employee Leasing Services)
  • renting or leasing equipment with operators (classified in various subsectors of NAICS depending on the nature of the service provided)

5324 - Commercial and Industrial Machinery and Equipment Rental and Leasing

This industry group comprises establishments primarily engaged in renting or leasing commercial and industrial machinery and equipment, without operator. The types of establishments included in this industry group are generally involved in providing capital/investment-type equipment that clients use in their business operations. These establishments typically serve businesses and do not generally operate a retail-like or store-front facility.

53242 - Office Machinery and Equipment Rental and Leasing

This industry comprises establishments primarily engaged in renting or leasing office machinery and equipment.

• Exclusion(s):

  Establishments primarily engaged in:

  • leasing and providing loans to buyers of goods and equipment, or to vendors and dealers to finance their inventories (See 52222 Sales Financing)
  • renting consumer electronics and appliances (See 53221 Consumer Electronics and Appliance Rental)
  • renting or leasing residential furniture (See 53229 Other Consumer Goods Rental)

532420 - Office Machinery and Equipment Rental and Leasing

This Canadian industry comprises establishments primarily engaged in renting or leasing office machinery and equipment.

• Example Activities:

  • Computer peripheral equipment, rental and leasing
  • Duplicating machine rental
  • Office furniture rental
  • Rental of business machines (not manufacturing)
  • Rental service, computer
  • Business machines, rental (except computers)