RE Dev Comp Vancouver and Toronto
Currently interning at a mid-market real estate development firm in Vancouver and absolutely loving it, great team, great experience. Had my midterm review recently (I’m here for 4 months), and was grateful to receive only positive feedback on both work ethic and output.
With graduation in May 2026, I know return offers can be market-dependent, so I’m curious. What does compensation typically look like at mid-to-large firms in Vancouver (e.g. Strand, Grosvenor, CP, Polygon, Bosa, Beedie, Anthem, QuadReal) or Toronto (e.g. Oxford, Tridel, Tricon, Madison, Great Gulf)? Would appreciate any insight into new grad/analyst level comp. Thanks in advance!
Vancouver - at the aforementioned shops you'll probably start at $70K-$85K base with ~10% bonus.
Toronto, maybe a bit higher ($70K - $90K base). Comp spread between Toronto and Vancouver becomes more apparent at Associate level.
You seem to have a decent list of good shops, if you can land a spot at any of those you'll be in great shape coming out of school
One alternative, could consider doing Real Estate IB in Toronto for a few years to cut your teeth and earn $$ before swapping to a GP or LP.
Really appreciate it. RE IB would be the dream if anything, I’m unfortunately just behind in the process of that. I will have to look into it
Vancouver shit pay. Toronto shit pay. Canada shit pay. Except Tricon and Fitzrovia and maybe others.
Word on the street is Fitzrovia is a sweatshop though
No idea what they pay, but can confirm they are a complete sweatshop. In office until 10 pm throughout the week and a good bit of weekend work.
Are we here to discuss hours or comp? Stick to the topic. Also before anyone starts shouting, I have no affiliation to Fitzrovia
It depends on the firm, (Undergraduates vs Postgraduates). Our firm ~$30B+ analysts (Post Graduates) start around $80-100K base with a 10-15% bonus.
Pensions / Tricon > any other mid sized GPs in Canada for comp.
Anyone have comp figures for more senior roles? I saw a VP posting on LinkedIn that was saying CAD 180-250k, is that realistic/typical?
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