The Fund Network
REALTOR® growth
As at January 1, 2009, the Fund Network was comprised of 14,910 REALTORS® operating from 668 locations under 359 franchise agreements. The Fund increased the number of REALTORS® by 3.2% in the 12 months through January 1, 2009 through recruitment, franchise conversions and acquisition of franchise agreements by our Royal LePage and La Capitale brands. On an industry revenue basis, our share of the residential brokerage industry increased to an estimated 22%, from 21% previously.
Years ended December 31, except 2007 and 2008
* As at January 1, 2009
Network diversity
The Fund Network is comprised of diverse operations with 76% of the Fund’s franchisees operating with fewer than 50 REALTORS®. In addition, the Fund Network of REALTORS® is geographically diverse with our REALTORS spread throughout Canada with a more pronounced presence in the province of Quebec as a result of the acquisition of the La Capitale franchise network.
|
|
Canadian REALTOR® Population1 |
Fund Network REALTORS®2 |
|
Ontario |
51% |
51% |
|
Prairies |
14% |
10% |
|
BC |
18% |
14% |
|
Quebec |
14% |
21% |
|
Maritimes |
3% |
4% |
|
Total |
100% |
100% |
Industry and Fund Growth in REALTORS®
A summary of the Canadian industry and Fund’s growth in REALTORS® during the year ended December
31, 2008 follows:
|
Canada |
|
The Fund Network |
|
REALTORS® |
% Change |
|
REALTORS® |
% Change |
|
Opening |
94,506 |
|
|
13,172 |
|
|
Q1 |
1,728 |
1.8% |
1,418 |
10.8% |
|
Q2 |
1,838 |
2.0% |
181 |
1.3% |
|
Q3 |
387 |
0.4% |
-5 |
0.0% |
|
Q4 |
-1,291 |
-1.4% |
-172 |
-1.3% |
|
|
|
Closing |
97,168 |
2.8% |
|
14,594 |
10.8% |
* Source - CREA
REALTOR® - A trademark identifying real estate licensees in Canada who are members
of The Canadian Real Estate Association (CREA).