Variant of NAICS 2012 - Labour Force

8.2.3 - Finance, insurance, real estate, rental and leasing

This classification variant comprises establishments coded to 'Finance and insurance' (NAICS 52) and to 'Real estate and rental and leasing' (NAICS 53)

Finance and insurance comprises establishments primarily engaged in financial transactions (that is, transactions involving the creation, liquidation, or change in ownership of financial assets) or in facilitating financial transactions. Included are:

* establishments that are primarily engaged in financial intermediation. They raise funds by taking deposits and/or issuing securities, and, in the process, incur liabilities, which they use to acquire financial assets by making loans and/or purchasing securities. Putting themselves at risk, they channel funds from lenders to borrowers and transform or repackage the funds with respect to maturity, scale and risk.

* establishments that are primarily engaged in the pooling of risk by underwriting annuities and insurance. They collect fees (insurance premiums or annuity considerations), build up reserves, invest those reserves and make contractual payments. Fees are based on the expected incidence of the insured risk and the expected return on investment.

Real estate, and rental and leasing 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.

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)

  • construction and development of buildings (See 23 Construction)
  • acquisition, assembly, subdivision into lots and servicing of raw land for subsequent sale to builders (See 237210 Land subdivision)
  • 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)

53119 - Lessors of other real estate property

This industry comprises establishments, not classified to any other industry, primarily engaged in renting and leasing real estate other than buildings.

531190 - Lessors of other real estate property^US

This Canadian industry comprises establishments, not classified to any other Canadian industry, primarily engaged in renting and leasing real estate other than buildings.

• Illustrative example(s)

  • agricultural property rental
  • industrial park operating
  • lessors of railroad property
  • mobile home park operating
  • real estate investment trusts (REITs), operating real estate other than buildings

  All examples