In Toronto, as well as in the general Canadian real estate industry, there are three layers of regulation and organisation for real estate brokers. the Boards, Provincial, and Federal levels. CREA (Canadian Real Estate Association), a federal organisation, and RECO (Real Estate Council of Ontario) and TREB, provincial organisations, oversee the brokerages in Toronto (Toronto Real Estate Board).
With historical data for a year's worth of real estate sales and resales, it is possible to identify the top brokerage in Canada. Every month, statistics on the volume of sold units, average selling prices, and other information are released by analysts such as Re/Max.
In this article, we will go over some general information on what sets good real estate companies apart from bad ones, as well as details about the best real estate firms in Canada.
What Makes A Good Commercial Real Estate Firm? What Makes A Good Real Estate Agent?
Selecting a knowledgeable and successful real estate company can make all the difference in the success of your transaction and your real estate experience. Although the specifics of what you'll be searching for vary depending on whether you're buying or selling a home, a successful real estate agency is built on a few key concepts.
In today's constantly shifting real estate market, experience is irreplaceable. A competent real estate firm can easily promote and safeguard its clients' best interests since they have the ability to anticipate problems before they happen and comprehend the nuances of many kinds of real estate deals.
Experience is essential, especially in the luxury real estate market where not all companies have knowledge of seven- and eight-figure real estate deals.
Market knowledge is also essential to your success. A professional real estate agency should have in-depth familiarity with the places you're interested in, from exposing you to emerging investment markets to giving you advice on market activity in your own neighbourhood.
Last but not least, as the real estate market evolves, an agency's marketing skills and technological prowess become increasingly important. A reputable real estate brokerage should have the web presence necessary to attract customers in this day and age when more than 90% of house purchasers begin their search online.
Additionally, a top-notch agency must provide both buyers and sellers with easy access to digital resources that will facilitate communication.
Top Real Estate Agents and Real Estate Professionals In Canada
A significant portion of the Canadian housing market experienced a reversal in 2022 as a result of the Bank of Canada's interest rate hikes, which cooled down the residential realty sector in cities from coast to coast after years of frenzy during the COVID-19 pandemic.
Given the unacceptably high mortgage rates, the dearth of available inventory, and the uncertainty around when the Bank of Canada's interest rate cycle will ultimately peak, the majority of economists and analysts who made statements for Global News said they anticipate that cooling to last beyond 2023.
The following is a list of the top 10 real estate brokerages in Canada based on a combination of sales, service, and client feedback. Some of these companies are based in the US or UK with offices in Canada.
10. Stomp Realty Inc
Stomp Realty Incorporated is a Canadian real estate brokerage company headquartered in Mississauga, Ontario. Their objective is to make real estate transactions easy, profitable, and transparent for both buyers and sellers in the Mississauga region.
They have dozens of different listings on their website, featuring properties around Mississauga, Oakville, Etobicoke, and Toronto. They are one of the top-performing Canadian-owned and operated real estate brokerages doing business in the GTA.
9. Royal LePage
With more than 650 locations and more than 20,000 Realtors in Canada, Royal LePage is one of the largest real estate franchisers and owner-operators in Canada. Albert E. LePage, who was 26 at the time, established the business on July 2, 1913, in Toronto, Canada, under the name "A.E. LePage, Bungalow Specialist". Following a merger with the real estate brokerage division of Royal Trust, the business was renamed Royal LePage in 1984.
Phil Soper was named president of Royal LePage in 2002 and has been the CEO since 2004. Royal Lepage is a Bridgemarq Real Estate Services company. It is traded on the Toronto Stock Exchange with the ticker TSX: BRE.
In Canada, their top performing branches include Royal LePage Performance Realty, Royal LePage Estate Realty, and Royal LePage Triland Realty
8. eXp Realty
Top Canadian real estate professionals have joined forces to form eXp Realty, which aims to give you the greatest possible property management services nationwide. One of the largest financial transactions you'll ever make is buying or selling a home, and eXp representatives are aware of this.
They aim to make your buying and selling transaction as smooth as possible by utilising our local neighbourhood expertise and knowledge. They can also provide outstanding property management, act as your representative, and negotiate the best price for you.
Michael E. Hagel, of Vancouver, British Columbia, founded RE/MAX Ltd., which established its first location outside of the United States in Calgary, Alberta, in 1977. The hot air balloon's tricolour design was adopted as the company symbol in 1978.
The business had 30 franchises in Canada by 1981. In 1987, RE/MAX surpassed all other real estate firms in Canada.
6. Century 21
American real estate franchise Century 21 Real Estate LLC was established in 1971. With more than 147,000 commercial sales and residential sales professionals, the system consists of over 14,000 independently owned and run franchise broker locations in 86 countries and territories.
Their headquarters is located in Madison, New Jersey. British Columbia welcomed the first Century 21 office in Canada in February 1976.
5. Coldwell Banker
Since serving Canadian home buyers and sellers from Coast to Coast since 1989, Coldwell Banker has been the most well-established residential real estate franchise system in North America since its founding in 1906.
Since the beginning, they have tried to operate ethically and without ever losing sight of their basic values: Home, Awesomeness, Ingenuity, and Excellence. In Canada, Coldwell Banker Coburn Realty and Coldwell Banker Parker Realty are two of their top-performing branches.
Their Ultimate Service Program was developed at Coldwell Banker Canada and is devoted to offering the highest level of customer satisfaction. Coldwell Banker Canada's exclusive Ultimate Service promise ensures that representatives will work hard to comprehend what matters the most. They are known for providing excellent support for their clients.
4. Fathom Realty
Using its own cloud-based software dubbed intelliAgent, Fathom Holdings Inc. is a national, technology-driven real estate services platform that integrates residential brokerage, mortgage, title, insurance, and creative real estate solutions for brokerages and real estate agents. The company's brands include intelliAgent, Real Results, Dagley Insurance, Encompass Lending, Fathom Realty, and Verus Title.
Fathom has fully owned mortgage, title, and insurance companies, which dramatically increases their revenue and profit. Additionally, Fathom offers subscription-based licensing of its technology platform to other brokers and agents, which expands its long-term profit potential as a company.
3. Keller Williams
With its corporate offices in Austin, Texas, Keller Williams Realty (often known as Keller Williams) is an American technology and global real estate company. According to agent count and sales volume, it was declared to be the biggest real estate franchise in 2018 and 2019.
Gary Keller and Joe Williams started the company in 1983 with just one office in Austin. As of May 2018, there were over 940 offices and 180,000 employees globally. It is a member of the Inc. 5000 and has received recognition as one of the best real estate firms by several publications.
In Canada, Keller Williams Ottawa Realty is one of their top-performing branches. They also have Keller Williams Realty South, Keller Williams Elite Realty, and Keller Williams VIP Realty.
Jones Lang LaSalle Incorporated (JLL), a multinational provider of commercial real estate services with 80 offices, was established in the United Kingdom. The company also offers technological solutions through JLL Technologies and VC investments through its PropTech fund, JLL Spark, as well as investment and property management to institutional, retail, and high-net-worth clients worldwide.
On the Fortune 500, the company is placed at 185. Along with Cushman & Wakefield and CBRE, it is one of the "Big Three" providers of commercial real estate services.
American commercial real estate property management services and investment company CBRE Group, Inc. Coldwell Banker Richard Ellis is referred to by the acronym CBRE. It is the biggest company providing services and investing in commercial real estate worldwide (based on 2021 revenue).
The company has been a part of the Fortune 500 every year since 2008 and is placed 122 on the list. More than 90 of the top 100 Fortune 100 firms are served by CBRE. Along with Cushman & Wakefield and JLL, it is one of the "Big Three" providers of commercial real estate services.