Average Residential Property Manager Salary in Canada for 2024

In this article, we will look at the average Residential Property Manager salary for 2024 in Canada and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Canadian dollar. To keep things simple, we are using the CAD currency code instead of the currency symbol $.

How Much Does a Residential Property Manager Make in Canada?

A Residential Property Manager working in Canada will typically earn around 142,300 CAD per year, and this can range from the lowest average salary of about 75,500 CAD to the highest average salary of 219,500 CAD.

Average Annual Salary
142,300 CAD
Average Monthly Salary
11,858 CAD

Lowest Annual Salary
75,500 CAD
Lowest Monthly Salary
6,291 CAD

Highest Annual Salary
219,500 CAD
Highest Monthly Salary
18,291 CAD

These are average salaries for a Residential Property Manager in Canada and include benefits such as housing and transport. It's also possible for a Residential Property Manager to earn more or less than the average salaries shown above.

Residential Property Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Residential Property Manager Salaries in Canada

So we've looked at the average salaries a Residential Property Manager will earn in Canada. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Residential Property Manager can earn between 75,500 CAD and 219,500 CAD on average in Canada. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Residential Property Manager in Canada is 140,700 CAD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 140,700 CAD, and 50% of the population earn more than 140,700 CAD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Residential Property Manager salary in Canada, 25% of the population are earning less than 95,200 CAD while 75% of the population earn more than 95,200 CAD.

75% of the population earn less than 172,300 CAD, and 25% of the population earn more than 172,300 CAD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Residential Property Manager Salary by Experience Level in Canada

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average residential property manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Residential Property Manager in Canada that has less than two years of experience can expect to earn somewhere in the region of 84,800 CAD.
  • 2 - 5 Years Experience. With two to five years of experience the average Residential Property Manager salary would increase to 114,900 CAD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Residential Property Manager, the average salary would be 150,100 CAD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 180,500 CAD.
  • 15 - 20 Years Experience. A Residential Property Manager with 15 to 20 years of experience can earn an average of 195,500 CAD.
  • 20+ Years Experience. For a Residential Property Manager with more than 20 years, the expected average salary increases to 206,700 CAD.

Average Salary by Experience Chart

0-2 Years
84,800 CAD
2-5 Years +34%
114,900 CAD
5-10 Years +30%
150,100 CAD
10-15 Years +21%
180,500 CAD
15-20 Years +9%
195,500 CAD
20+ Years +5%
206,700 CAD

Residential Property Manager Salary by Education Level in Canada

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Residential Property Manager in Canada based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Residential Property Manager in Canada with a high school education can earn an average salary of 102,700 CAD.

  • Certificate or Diploma. A Residential Property Manager in Canada with a certificate or diploma education can earn an average salary of 115,600 CAD.

  • Bachelor's Degree. A Residential Property Manager in Canada with a bachelor's degree education can earn an average salary of 163,800 CAD.

  • Master's Degree. A Residential Property Manager in Canada with a master's degree education can earn an average salary of 200,600 CAD.

Average Salary by Education Chart

High School
102,700 CAD
Certificate or Diploma +14%
115,600 CAD
Bachelor's Degree +41%
163,800 CAD
Master's Degree +21%
200,600 CAD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Canada is around 49,800 to 149,000 CAD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Residential Property Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Canada, a male residential property manager will earn an average of 146,900 CAD, while a female residential property manager will earn around 142,100 CAD.

This means that a male residential property manager earns approximately 3% more than a female residential property manager for performing the same job.

Average Salary by Gender Chart in Canada

Male
146,900 CAD
Female -3%
142,100 CAD

Residential Property Manager Average Pay Raise in Canada

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Residential Property Manager in Canada is around 12% every 16 months.

The national average pay raise across all professions and industries in Canada is around 9% every 15 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 16 ) × 12  = 9%

What this means is that a Residential Property Manager in Canada can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Canada for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Canada.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Residential Property Manager Bonus and Incentive Rates in Canada

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Residential Property Manager is a moderate bonus based job, with 56% of employees reporting at least one bonus in the last 12 months.

44% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Received Bonus
56%
No Bonus
44%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Canada earn approximately 6% more than private sector employees in the same role.

Public Sector
123,000 CAD
Private Sector -6%
115,600 CAD

Salaries for Jobs Similar to a Residential Property Manager

In the table below, we have salary information for jobs that are similar to a Residential Property Manager in Canada.

Job Title Category Salary
Acquisition Associate Real Estate 92,100 CAD
Assistant Leasing Manager Real Estate 127,700 CAD
Assistant Property Manager Real Estate 139,100 CAD
Brokerage Real Estate 97,100 CAD
Brokerage Clerk Real Estate 54,100 CAD
Commercial Leasing Manager Real Estate 210,600 CAD
Commercial Real Estate Manager Real Estate 206,700 CAD
Community Development Manager Real Estate 187,500 CAD
Compliance Specialist Real Estate 100,700 CAD
Development Coordinator Real Estate 95,500 CAD
Director of Real Estate Real Estate 218,500 CAD
Lease Administrator Real Estate 127,600 CAD
Leasing Agent Real Estate 107,700 CAD
Leasing Consultant Real Estate 124,500 CAD
Leasing Manager Real Estate 134,100 CAD
Lettings Assistant Real Estate 52,300 CAD
Portfolio Analyst Real Estate 172,200 CAD
Portfolio Manager Real Estate 223,700 CAD
Property Acquisition Agent Real Estate 84,300 CAD
Property and Claims Specialist Real Estate 124,500 CAD
Property Manager Real Estate 152,900 CAD
Property Operations Manager Real Estate 201,000 CAD
Property Tax Assistant Real Estate 105,200 CAD
Real Estate Administrator Real Estate 114,900 CAD
Real Estate Agent Real Estate 105,200 CAD
Real Estate Analyst Real Estate 130,400 CAD
Real Estate Appraiser Real Estate 105,800 CAD
Real Estate Appraiser Real Estate 109,700 CAD
Real Estate Appraiser Real Estate 114,600 CAD
Real Estate Assistant Real Estate 99,700 CAD
Real Estate Association Manager Real Estate 137,100 CAD
Real Estate Broker Real Estate 103,600 CAD
Real Estate General Manager Real Estate 195,500 CAD
Real Estate Project Director Real Estate 191,500 CAD
Real Estate Project Manager Real Estate 185,900 CAD
Real Estate Sales Agent Real Estate 107,700 CAD
Real Estate Valuer Real Estate 108,200 CAD
Research Analyst Real Estate 97,200 CAD
Residential Advisor Real Estate 123,800 CAD
Shopping Center Manager Real Estate 218,500 CAD
Town Planner Real Estate 212,500 CAD

Salary Comparison by City

If you want to compare salaries with different cities in Canada, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Brampton 142,300 CAD
Calgary 160,600 CAD
Edmonton 152,900 CAD
Gatineau 132,000 CAD
Halifax 134,700 CAD
Hamilton 153,800 CAD
Kitchener 138,700 CAD
Markham 142,100 CAD
Mississauga 146,900 CAD
Montreal 161,300 CAD
Ottawa 156,200 CAD
Quebec 146,700 CAD
Regina 134,100 CAD
Richmond 137,100 CAD
Saskatoon 130,500 CAD
Surrey 146,900 CAD
Toronto 157,600 CAD
Vancouver 152,900 CAD
Vaughan 130,500 CAD
Windsor 138,700 CAD
Winnipeg 153,700 CAD

Salary Comparison by State

The table below includes links to the average salary for each state in Canada.

City Average Salary
Alberta 152,900 CAD
British Columbia 164,100 CAD
Manitoba 147,900 CAD
New Brunswick 139,100 CAD
Newfoundland-Labrador 130,500 CAD
Northwest Territories 151,800 CAD
Nova Scotia 137,100 CAD
Nunavut 158,900 CAD
Ontario 164,100 CAD
Prince Edward Island 132,000 CAD
Quebec 160,600 CAD
Saskatchewan 134,700 CAD
Yukon 130,500 CAD

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