The Finance, Insurance, Real Estate & Leasing Sector on PEI
According to the WorkPEI Employment Analysis, in May, 2020, there were 2,600 people employed in these industries.
As a result of the pandemic shutdown across the Atlantic Provinces, Atlantic Provincial Economic Council (APEC) reported that Atlantic Canada private sector business revenue dropped by 24% in the first quarter of 2020 over the first quarter of 2019. The largest revenue loss was in retail and wholesale, manufacturing, construction, financial services, oil, mining and gas.
Business and financial services suffered the smallest decline; however, they will be affected by an overall slowdown in the economy. APEC states that retail, business, financial and administrative occupations will experience a high labour demand during the recovery.
Prince Edward Island home sales remain subdued in May; although, rebounding new listings could bode well for activity in June, 2020. Single detached home sales numbered 238 units in the first quarter of 2020, up eight sales compared to the same quarter in 2019.
Finance / Real Estate / Leasing on Prince Edward Island – Company hiring practices
- Arsenault Best Cameron Ellis, Charlottetown
- East Coast Accounting Solutions, Charlottetown
- Edward Jones, Charlottetown
- Fitzpatrick & Company, Charlottetown
- Freedom 55 Financial, Charlottetown
- IG Wealth Management, Charlottetown
- Invesco Charlottetown, Charlottetown
- Mella & Shea Chartered Professional Accountants, Charlottetown and Montague
- Next Level Group, Charlottetown
- RBC, Island-wide
Some job titles
- Banker
- Insurance adjuster
- Financial clerk
- Financial and investment analyst
- Realtor
- Sales
Some places people work
- Banks
- Credit unions
- Insurance offices
- Financial companies
- Real Estate offices
- Rental businesses
- Self employed
Education/Training required
- University Bachelor of Business Administration degree
- Masters of Business Administration (MBA)
- College business administration or accounting and payroll program
- Real estate education course
- Insurance education course
- Other in-house education programs
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