The Ottawa Real Estate Board (OREB) is a non-profit professional association of registered real estate brokers and salespeople in the Ottawa, Canada area. [1] OREB was formed in 1919 and incorporated in 1921. [1] In 1982, the name was changed to 'Real Estate Board of Ottawa-Carleton', and was changed back to the 'Ottawa Real Estate Board' in 2000. [2]
OREB has been maintaining statistics of Ottawa house prices since 1956. The average home price in Ottawa in 2008 was $289,766, a 6.35% increase over 2007. [3]
Ottawa’s Co-operative Listing service was created in 1949 and the name changed to Multiple Listing Service in 1963. [4]
Members of OREB are registered by the Real Estate Council of Ontario (RECO) to trade in real estate in Ontario. [5]
Members and member offices can be found by using the search function on the home page of its website. All members of the Board are also members of the Ontario Real Estate Association and Canadian Real Estate Association,[ citation needed ] and as such, are permitted to use the term REALTOR. The REALTOR and MLS trademarks are owned by the Canadian Real Estate Association (CREA). [6]
OREB's mission statement is "to foster a professional environment to enable the members to carry out their practice of real estate". [7]
OREB administers Ottawa’s Multiple Listing Service system, which uses the Matrix™ software to allow members to enter and manage their listings. [8]
OREB maintains an up-to-date list of Open Houses for the public. [9]
Rockcliffe Park is a neighbourhood in Rideau-Rockcliffe Ward, close to the centre of Ottawa, Ontario, Canada. Established in 1864, organized as a Police village in 1908, and an independent village from 1926, and ultimately amalgamated with the rest of Ottawa on January 1, 2001. As of 2011, it had a population of 2,021. In 1977 the entire village of Rockcliffe Park was designated a Heritage Conservation District. Rockcliffe Park is one of only a handful of surviving nineteenth-century communities of its kind in North America.
A multiple listing service is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation and accumulate and disseminate information to enable appraisals. A multiple listing service's database and software is used by real estate brokers in real estate, representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to work with a seller's broker in finding a buyer for the property or asset. The listing data stored in a multiple listing service's database is the proprietary information of the broker who has obtained a listing agreement with a property's seller.
The National Association of Realtors (NAR) is an American trade association for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, making it the largest trade association in the United States including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries. The organization holds a U.S. trademark over the term "Realtor". NAR also functions as a self-regulatory organization for real estate brokerage. The organization is headquartered in Chicago.
Real estate agents and real estate brokers are people who represent sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions.
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition. This is much akin to the role of management in any business.
For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property.
The Canadian Real Estate Association is a trade association that represents real estate brokers, agents, and salespeople in Canada.
The Ontario Real Estate Association (OREA) is a professional association that represents real estate brokers and salespeople who are members of Ontario's real estate boards. It has its headquarters at 15 Kern Road in Toronto.
The Greater Montréal Real Estate Board (GMREB), or Chambre immobilière du Grand Montréal in French, is the second largest real estate board in Canada.
The Manitoba Real Estate Association (MREA) a trade association that represents real estate brokers, agents, and salespeople in Manitoba, Canada. Its membership includes more than 2100 individuals, who work through one of Manitoba's four real estate boards:
The Saskatchewan REALTORS® Association (SRA) is the processional association that represents over 1,500 real estate brokers and salespeople in Saskatchewan.
Right at Home Realty is an Ontario real estate brokerage with over 6,000 sales representatives serving the Greater Toronto Area. The company was founded in 2004 by Arthur Bartram, Ronald E. Peddicord, and Howard Drukarsh and is a multi-office, non-franchise, corporately-run Canadian company.
Robert Davies Marland is a retired rower from Canada. He competed in two consecutive Summer Olympics for his native country, starting in 1988. At his second appearance, he was a member of the team that won the gold medal in the men's Eights.
The REALTORS Association of Hamilton-Burlington (RAHB) is the 3rd largest real estate board in Ontario and the 8th largest in Canada, representing over 2900 members in Hamilton, Burlington and surrounding areas.
Established in 1997, the Real Estate Council of Ontario is a not-for-profit corporation that regulates the trade of real estate in Ontario in the public interest. On behalf of the Government of Ontario, it administers and enforces the Real Estate and Business Brokers Act, 2002 and its regulations.
A housing affordability index (HAI) is an index that measures housing affordability, usually the degree to which the median person or family in a particular country or region can afford housing/housing-related costs.
Ashbury College is an independent day and boarding school located in the Rockcliffe Park area of Ottawa, Ontario, Canada. It was originally founded in 1891 by former faculty of Bishop's College School in Quebec to accommodate BCS students living in Ottawa. Ashbury College moved to its current location in 1910. Previously, it occupied what now houses Senate of Canada offices. It is an International Baccalaureate World School, a member of the Canadian Accredited Independent Schools, and a member of Round Square. The school currently enrolls approximately 550 senior and 150 junior students. The current Head of School is Norman Southward, with Andrew Young directing the Junior School and Gary Godkin as the Head of Senior School.
Purplebricks Canada is a Canada-based real estate brokerage and a subsidiary of Desjardins Group.
The Canadian property bubble refers to a significant rise in Canadian real estate prices from 2002 to present. The Dallas Federal Reserve rated Canadian real estate as "exuberant" beginning in 2003. From 2003 to 2018, Canada saw an increase in home and property prices of up to 337% in some cities. In 2016, the OECD warned that Canada's financial stability was at risk due to elevated housing prices, investment and household debt. By 2018, home-owning costs were above 1990 levels when Canada saw its last housing bubble burst. Bloomberg Economics ranked Canada as the second largest housing bubble across the OECD in 2019 and 2021. Toronto scored the highest in the world in Swiss bank UBS' real estate bubble index in 2022, with Vancouver also scoring among the 10 riskiest cities in the world.
The Toronto Regional Real Estate Board (TRREB), formerly the Toronto Real Estate Board (TREB), is a non-profit professional association of registered real estate brokers and salespeople in and about the Greater Toronto Area. TRREB's Toronto office is located at 1400 Don Mills Road.
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