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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. [1] TRREB's Toronto office is located at 1400 Don Mills Road. [2]
1920 - Toronto Real Estate Board was founded; it is Canada's largest real estate board. 1997 - Real Estate Council of Ontario was founded to administer the Real Estate and Business Brokers Act (REBBA). 2002 - OREA Real Estate College was formed, assuming all of the duties of the OREA Education Department.
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.
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Canada is a nation heavily dependent on the real estate industry which accounted for roughly 14% of its GDP in 2020 [120] and over 20% in 2023. [121] There is a high risk that if investor sentiment changes, buyer demand may drop significantly, triggering a vicious cycle of prices declines that snowball . [ 122 ]
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