OREA

What Is OREA?

The Ontario Real Estate Association is one of the largest business associations in Canada. As of August 2020, this association provides services to clients with 79,000 realtor members. OREA is set out to help deliver one of the biggest Canadian dreams, which is buying a house. 

OREA helps the real estate industry through special services, continuous education, and collaboration with the government. 

History

OREA was founded in 1922 under the name of the Ontario Board of Real Estate. It was formed by a group of volunteers, whose aim was to standardize real estate transactions in Ontario. It was renamed to OREA in 1970.

OREA has always been an advocate for lower taxes for buying and selling houses. 

Coverage Area

OREA gives real estate services at a local, provincial, and national level. OREA’s 79,000 members are active across the province, working in 38 boards of realtors. The following map shows different divisions within the province:

OREA

Market Report

As of August 2020, market numbers look very good. Sales have risen 29.8% since last year this time. Average home price sales in July 2020 was $704,985, which is a record high. Arguably, all these high records are due to rebound in sales after the limitations caused by the pandemic. 

The bigger picture in Ontario also looks favorable to realtors and clients. The following tables provide a glimpse into the monthly and annual performance of various markets within the province:

OREA, Monthly

July 2020Residential SalesYear-to-year%ChangeResidential Average PriceYear-over-year %Change
Central11,49528.5$949,93216.7
Eastern3,34123.8$479,44018.7
Northeastern3,40650.8$600,43622.0
Northern1,26521.9$270,03613.7
Southern4,21531.4$633,78319.0
Western3,38123.5$451,89420.9
Ontario27,10329.8$704,98518.1

 

OREA, Yearly

Year-to-date 2020Residential Sales Year-over-year % Change Residential Average PriceYear-over-year % Change
Central49,156-10.6$910,94111.5
Eastern14,814-12.0$463,58614.1
Northeastern12,8038.4$547,10314.6
Northern5,020-4.3$252,5498.8
Southern18,725-6.4$598,51614.0
Western14,921-7.5$423,67614.9
Ontario115,439-7.7$670,89211.7

Source: creastats.crea.ca

Organic MLS Integration for OREA?

With Realtyna’s Organic MLS Integration, you can display listings directly on your website.

Organic MLS integration for OREA will not only bring a lot of SEO value for your website, but it also offers faster and more regular updates. Using Organic MLS Integration, every page is indexable, which can help more leads find your website, and keep your agents busy.

With Realtyna’s Organic MLS Integration, you own your data. Also, with Realtyna:

  • You own your license; 
  • You will have more opportunities to capture leads;
  • Your website’s SEO will improve with indexable listings;
  • You can choose to host on your own server or Realtyna’s. 

Need more information? Give us a call today for a free consultation. We look forward to sharing our solutions with you:

(302) 525 8222

(650) 336 0000

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Disclaimer

The opinions or information expressed in this article are those of the author and do not necessarily reflect the official views, policy, or position of Realtyna. The information on Realtyna’s Website is general, for informational purposes only, and is not to be relied upon or interpreted as real estate, legal, accounting, or other professional advice or a substitute. Please discuss anything related to the certification process, professional advice or legal procedures with your MLS providers.

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