Canadian Comp 2024
Last comp thread I could find for Canada: https://www.wallstreetoasis.com/forum/real-estate…
Any chance we can get some new numbers for Canadians? Would love to get some updated data on the market up north, particularly for junior roles.
I can start:
Role: Analyst Type: Developer (residential) Location: West Coast AUM: ~$3B YOE: 1 Hours: 40-50 Salary: $73k Bonus: 10%
Based on the most helpful WSO content, here's a summary of the latest available data on Canadian compensation for real estate roles:
Previous Data from WSO Thread:
Your Contribution:
Request for Updated Data:
To gather more updated data, it would be helpful if other users could share their compensation details in a similar format. This will provide a clearer picture of the current market trends for junior roles in Canada.
Feel free to add your details below: - Role: - Type: - Location: - AUM: - YOE: - Hours: - Salary: - Bonus:
This will help create a comprehensive and updated dataset for Canadian compensation in the real estate sector.
Sources: Can we talk Canadian Comp?, Canadian Target Schools Ranked By Detailed Global Placement Data, Can we talk Canadian Comp?, Buyside comp in Canada, Canadian Target Schools Ranked By Detailed Global Placement Data
Starting new gig soon, Manager Acquisitions $165K base plus 10-15% bonus, 6 YOE (west coast)
Congrats - what a fantastic offer. Institutional?
Mid-sized developer
A few results from Canada here too: https://www.wallstreetoasis.com/forum/real-estate/new-comp-database-goo…
Role: Investment Associate
Type: Developer
Location: Toronto
AUM: n/a
YOE: 2.5
Hours: 40-50
Salary: $120k
Bonus: 15%
AUM is tough to gauge given the firm is relatively new. We own a ton of high-value land w/o leverage, so the market value of that is maybe $750M - $1B.
Role: Analyst, Investments
Type: Pension
Location: Toronto
YOE: 1.5
Hours: 50-60
Salary: $85K
Bonus: 20-25%
Wondering if pensions who have real estate investment teams under their pension umbrella (OTPP, HOOPP) pay the same as their other investments team (PE, Infra). Seems like the pensions who have RE arms (Oxford, QuadReal) aren't quite paying up relative to the parent companies (OMERS, BCI respectively). Does anyone have further insight on this?
Interviewed at OTPP’s RE team recently, they pay on par with other investment teams now since they brought CF in-house. Not sure about others
so in the 150-170k range? that's what OTPP pays their investment analysts
Which pension?
One of the Maple 8s
At CDPQ and I know pay is not the same between PE/infra/public and real estate.
What's the pay in PE/infra/public and RE?
Role: Analyst
Type: Private Lender
Location: East Coast
AUM: >1Bn
YOE: 1
Hours: 40-50
Salary: $90k
Bonus: 20% Cash + sign on and LTIP
East Coast, so Halifax? That is WILD compensation for a first year analyst, that's high even for Toronto, you hit the jackpot considering there are barely any CRE jobs east of Montreal.
Tons of brokerage opps for those looking. just reach out.
Aside from the sign on and LTIP, comp of 90k + 20% isn't wild at all, any good shop (pensions, banks CB arms) pay in that range or better.
Yeah if your first analyst gig is for some no name firm that no one knows outside of Canada CRE, you're gonna get paid less. But the competitive new grads with good internships shouldn't have problems getting offers in this range.
Pay is there, just gotta know where to shop.
Im in the same space would you mind reaching out?
East coast based CRE associate here, would you mind reaching out I’d love to compare notes.
Role: Associate
Type: Development & investments
Location: Toronto
YOE: 5
Base: $180K
Bonus: 30% annually + discretionary deal bonuses (milestone & promote)
Hrs: 60
Nicely done
Hard to believe. Even the US REITS in Canada/ pension do not pay their associates this much.
I have no reason to BS on here anonymously
May I know what type of firm is this?
Hines
Director - small developer
175 plus bonus
How many hours per week and years of experience?
~50hrs - 8 years
Following
Ignore title
Role: Investment Director
Type: REPE
Location: Toronto
Hours: 50-60
Salary: $185k
Bonus: 50%
Carry: 1% vesting over 5 years
Just out of curiosity, how many YOE do you have?
7
Role: Associate Type: REPE YOE: 5 Hours: 40-50 Salary: $115k Bonus: 50%
pension ?
..
Canadian comp is disgusting…from a Canadian who left for another city and is making what people with 8 YOE in Canada make
What city did you leave to, what is your YOE, and what do you make?
Role: Director Development
Type: Developer (Pension)
Location: Toronto
AUM: ~$30B
YOE: 7
Hours: 50-60
Salary: $200k
Bonus: 100%
Damn those are great numbers for a pension role, congrats lol.
Role: Analyst
Type: Brokerage
Location: Toronto
YOE: 2 (real estate)
Hours: 45-55
Salary: $90k
Bonus: ~10% (Variable - low when business is slow)
Is this a Capital Markets and/or Investment Sales type role?
Investment sales
Associate
YOE: 4
Hours 50-70
$145K + 100K
wtf - what type of role is this?
REPE Investment Associate
.
Curious to know what senior analysts on the lending/debt side make as I've heard equitable bank recently offered 95k. Do you think 90-95k is pretty standard as a senior? Is 30% bonus prob the max you'd get as well? i'm getting headhunted by MCAP/CMLS/Cameron Stephens for reference
i'd say 95k is standard for sr analyst but depends on the shop. for the bonus, 30% is definitely on the higher end for a senior analyst but if they routinely hit their targets, then i can see them offering 90k with that bonus.
for reference in AM, SA roles are around 95k with 10-15% bonus
How much more do you think Kingsett would pay as an Analyst/Associate under their multifamily mortgages/mortgage investment group?
what are the prominent headhunters for RE debt and RE investments/acquisitions?
Depends where you are but for Toronto / GTA I would say KornFerry, Thorek Scott and Partners, and Vlaad and Company to name a few
Senior analyst at my debt shop was getting paid $95,000 + 50% bonus.
Does your CEO rhyme with Barley Fold?
Hey does anyone have any insight on what TC for AN1 and 2 have been recently for Big 5s in Toronto? Thanks in advance!
AN1/~$180
Is this REIB?
associate in pension
YOE: 2.5
Hours: 45-60
Salary: ~$260k total
Can I DM you for a few questions?
what group?
Sounds kind of wild at a pension as an associate. Is this still real estate?
hey sorry I didn’t see this is a RE thread, I’m in equity, will delete my reply
Director - 175K 20% Bonus
Small developer / family office
Question:
Currently working for a small developer at the director level after being laid off last year from a prestigious US REPE firm (Associate). I've been here a few months and its not obviously as institutional. Will it be possible to transition back into the institutional investment level roles? Will they consider my current experience? (currently hiding) given the tough market conditions.
Role: Asset Management Senior Associate
Type: Developer
Location: Toronto
AUM: ~$20B
YOE: 4
Hours: 60
Salary: $138K
Bonus: 20%
What does your day to day look like? Are you purely AM or also investments? I ask because I've seen some AM salaries on the lower end (ie Starlight/Realstar) vs Developers that appear to be paying more.
My day to day is heavily AM focused with some interactions with development and investments. I actually think I'm underpaid considering I work similar or longer hours as development team (50% bonus).
Any ballpark #s for Starlight/Realstar?
Role: 1st Year Analyst
Type: CRE
Location: East Coast
AUM: ~$1B
YOE: 0.5
Hours: 40-50
Salary: $95k
Bonus: 10%/15%
Im in the same space, mind if I reach out?
Role: Analyst
Type: Developer (Pension)
Location: Toronto
AUM: ~$30B
YOE: 1
Hours: ~40
Salary: $77K
Bonus: 25%
Can I DM you for a few questions?
Yup
Here's a data point to bring down the average
Role: Intern Analyst (Acquisitions and Development)
Type: Quasi Family Office
Location: West Coast
AUM: NA
YOE: 0
Hours: 40
Salary: $40k pro-rated
Bonus: NA
Role: Senior Analyst
Type: REPE - Portfolio Management
Location: Toronto
YOE: 2
Hours: 40-45
Salary: $115k
Bonus: 20%
Good stuff
is REPE Portfolio Management just Asset Management?
At the only REPE shops I can think of with portfolio management titles, yes.
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