Real Estate Agent Average Salary in Prince Edward Island 2024
How much money does a person working as Real Estate Agent make in Prince Edward Island?
LOW
46,800
CAD AVERAGE
90,000
CAD HIGH
138,000
CAD
A person working as Real Estate Agent in Prince Edward Island typically earns around 90,000 CAD. Salaries range from 46,800 CAD (lowest) to 138,000 CAD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Real Estate Agent salaries in Prince Edward Island vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Real Estate Agent Pay Scale and Salaries in Prince Edward Island
Salary Structure and Pay Scale Comparison
81,500 CAD or more
72,600 to 81,500 CAD
53,000 CAD or less
53,000 to 72,600 CAD
 46,800 CAD |
81,800 CAD |
138,000 CAD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Real Estate Agent in Prince Edward Island range from 46,800 CAD (starting salary) to 138,000 CAD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 81,800 CAD, half of the professionals who work as Real Estate Agent in Prince Edward Island earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Real Estate Agent in Prince Edward Island earn less than 67,900 CAD, while 75% earn more. Similarly, the chart shows that 75% earn less than 92,900 CAD while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Real Estate Agent in Prince Edward Island compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 53,000 CAD to 72,600 CAD. About 20% of salaries are below the 53,000 CAD mark, while 10% fall within the range of 72,600 CAD to 81,500 CAD. Only 5% of individuals have salaries exceeding 81,500 CAD.
Salary Comparison by Years of Experience / Real Estate Agent / Prince Edward Island
How do experience and age affect pay?
| 0 - 2 Years | 53,200 CAD | |
| 2 - 5 Years | +34% | 71,300 CAD |
| 5 - 10 Years | +30% | 92,700 CAD |
| 10 - 15 Years | +21% | 112,000 CAD |
| 15 - 20 Years | +9% | 123,000 CAD |
| 20+ Years | +5% | 129,000 CAD |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Real Estate Agent and this is what we found.
Employees with less than two years of experience earn approximately 53,200 CAD.
While someone with an experience level between two and five years is expected to earn 71,300 CAD, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 92,700 CAD, 30% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 112,000 CAD, 21% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 123,000 CAD, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 129,000 CAD, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Real Estate Agent / Prince Edward Island
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Real Estate Agent.
| High School | 63,200 CAD | |
| Certificate or Diploma | +43% | 90,400 CAD |
| Bachelor's Degree | +38% | 125,000 CAD |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Real Estate Agent in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 63,200 CAD.
Level 2: Certificate or Diploma
At this level, the average salary becomes 90,400 CAD, 43% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 125,000 CAD, 38% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Real Estate Agent / Prince Edward Island
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Real Estate Agent in Canada, the average difference between the salary of male and female employees is 5%.
| Male | 106,000 CAD | |
| Female | -4% | 101,000 CAD |
Salary Comparison By Gender in Canada for all Careers
Average Annual Salary Increment Percentage / Real Estate Agent / Prince Edward Island
How much are annual salary increments in Prince Edward Island for individuals working as Real Estate Agent? How often do employees get salary raises?
Individuals working as Real Estate Agent in Canada are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
Canada / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Real Estate Agent / Canada
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Real Estate Agent / Prince Edward Island
43 CAD per hourThe average hourly wage (pay per hour) for individuals working as Real Estate Agent in Prince Edward Island is 43 CAD.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Real Estate Agent in Prince Edward Island is 23 CAD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Real Estate |  -100% | |
| 3D Printing Home Building Engineer | 94,500 CAD |  +5% |
| Acquisition Associate | 89,700 CAD | -0% |
| Assistant Leasing Manager | 113,000 CAD | +26% |
| Assistant Property Manager | 111,000 CAD | +23% |
| Brokerage | 85,500 CAD | -5% |
| Brokerage Clerk | 45,800 CAD | -49% |
| Co-Living Space Manager | 92,200 CAD | +2% |
| Commercial Leasing Manager | 181,000 CAD | +100% |
| Commercial Real Estate Manager | 196,000 CAD | +120% |
| Community Development Manager | 159,000 CAD | +77% |
| Compliance Specialist | 83,700 CAD | -7% |
| Development Coordinator | 86,000 CAD | -4% |
| Director of Real Estate | 202,000 CAD | +120% |
| Foreclosure Consultant | 114,000 CAD | +27% |
| Lease Administrator | 112,000 CAD | +24% |
| Leasing Agent | 93,300 CAD | +4% |
| Leasing Consultant | 110,000 CAD | +22% |
| Leasing Manager | 118,000 CAD | +31% |
| Lettings Assistant | 46,000 CAD | -49% |
| Portfolio Analyst | 153,000 CAD | +70% |
| Portfolio Manager | 214,000 CAD | +140% |
| Property Acquisition Agent | 81,900 CAD | -9% |
| Property and Claims Specialist | 104,000 CAD | +16% |
| Property Manager | 134,000 CAD | +49% |
| Property Operations Manager | 189,000 CAD | +110% |
| Property Tax Assistant | 86,800 CAD | -4% |
| PropTech Consultant | 100,000 CAD | +11% |
| Real Estate Administrator | 99,600 CAD | +11% |
| Real Estate Agent | 90,000 CAD | +0% |
| Real Estate Analyst | 114,000 CAD | +27% |
| Real Estate Appraiser | 94,800 CAD | +5% |
| Real Estate Assistant | 85,300 CAD | -5% |
| Real Estate Association Manager | 119,000 CAD | +32% |
| Real Estate Broker | 86,900 CAD | -3% |
| Real Estate Data Analyst | 99,600 CAD | +11% |
| Real Estate General Manager | 190,000 CAD | +110% |
| Real Estate Project Director | 180,000 CAD | +100% |
| Real Estate Project Manager | 154,000 CAD | +71% |
| Real Estate Sales Agent | 93,000 CAD | +3% |
| Real Estate Valuer | 96,800 CAD | +8% |
| Real State Compliance Officer | 91,400 CAD | +2% |
| Research Analyst | 82,500 CAD | -8% |
| Residential Advisor | 107,000 CAD | +19% |
| Residential Property Manager | 133,000 CAD | +48% |
| Shopping Center Manager | 198,000 CAD | +120% |
| Short-Term Rental Manager | 118,000 CAD | +31% |
| Smart Home Consultant | 110,000 CAD | +22% |
| Town Planner | 194,000 CAD | +120% |
| Vacation Rental Manager | 116,000 CAD | +29% |
| Virtual Tour Producer | 90,700 CAD | +1% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Canada is 4% on average across all career fields.
| Private Sector | 117,000 CAD | |
| Public Sector | +4% | 122,000 CAD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Real Estate Agent in Prince Edward Island?
A good and competitive compensation would range anywhere between 81,800 CAD and 92,900 CAD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Real Estate Agent in Prince Edward Island ranges from 46,800 CAD to 67,900 CAD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
