What 3 Years of Salary Data Shows in Real Estate Development

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Please review our latest salary report for the Built Environment, providing insights from 830 Real Estate Development and Property Management Professionals.

With three years of Built Environment Salary Survey data, a clearer trend is emerging across real estate development roles in Canada. Looking at 2024 to 2026 shows how compensation is shifting alongside real market pressure.

The past two years have not been easy. Higher financing costs, rising construction expenses, and economic uncertainty have slowed new project activity. Many developers have delayed or reworked projects as feasibility becomes harder to achieve.

That slowdown has impacted hiring. When projects stall, hiring follows. Most firms have focused on keeping their current teams in place rather than adding headcount. This is typical in development. Hiring expands and contracts with project pipelines.

Why Salaries Are Holding Up

Even with slower hiring, salaries have held up in key roles.

Developers still rely on experienced professionals to move projects forward. Roles tied to approvals, budgets, consultants, and delivery remain critical. These positions are harder to replace and continue to command strong pay.

The data reflects this clearly.

  • Project Manager salaries increased across all three years

    • Female: $90,500 in 2024 → $109,000 in 2026

    • Male: $118,000 in 2024 → $126,000 in 2026

  • Development Manager salaries followed a similar trend

    • Female: $102,250 → $116,000

    • Male: $115,500 → $120,000

These roles sit at the center of execution. As long as projects move forward, demand for this talent remains steady.

Executive Compensation Moves in Cycles
At more senior levels, compensation tends to fluctuate more year to year. Director and Vice President roles typically involve smaller sample sizes and fewer overall hires in the market.
Executive hiring in development often occurs in cycles tied to capital availability, acquisitions activity, and leadership transitions. Because these positions are less common, even a small number of hires or departures can shift average salary figures in a given survey year.

Where the Gender Gap Shows Up

The gender pay gap is not consistent across all levels.

  • The gap is most visible at the Project Manager level, where male respondents reported higher average salaries

  • At Senior Development Manager, compensation nearly aligns

    • Female: $149,500

    • Male: $148,500

  • At the Vice President level, the gap widens again

    • Male: $238,000

    • Female: $212,000

The early career gap matters. Project Manager roles often lead into senior leadership. Differences here can compound over time.

At the top level, representation plays a role. Fewer women in senior leadership positions can skew averages, especially with smaller sample sizes.

What This Means for Employers and Professionals
Taken together, the data suggests that compensation pressure remains strongest in roles responsible for project delivery and operational leadership. Even during periods when development pipelines slow, organizations continue to rely on experienced professionals who can navigate complex approvals, manage project risk, and keep developments moving forward.

What This Means

For employers:

  • Retention risk is highest in delivery-focused roles

  • Project Managers and Development Managers remain highly competitive hires

  • Compensation pressure will stay strongest in roles tied to execution

For professionals:

  • Operational experience drives long term earnings

  • Project leadership remains the clearest path to higher compensation 

  • Early career positioning has a lasting impact

Explore the Full Data

To see full compensation benchmarks across roles, regions, and experience levels, download the 2026 Built Environment Salary Report.

If you want to understand how this impacts your hiring or retention strategy, connect with our team for a confidential discussion.

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