The Fund Network
REALTOR®1 growth
As at September 30, 2007, the Fund Network was comprised of 289 independently owned
and operated franchises operating from 594 locations serviced by 13,085 REALTORS®,
with an approximate 20% share of the Canadian residential resale real estate market
based on transactional dollar volume. The Fund added 546 REALTORS® organically during
the first nine months of 2007.
With the acquisition on January 1, 2008 of franchise contracts representing 16 locations
serviced by 212 REALTORS® that were vended into the Royal LePage network, and of
franchise contracts representing 44 locations serviced by 1,060 REALTORS® that will
continue to operate under the La Capitale Real Estate Network brand, the Fund began
2008 with approximately 14,400 REALTORS®, compared with 12,539 a year ago.
Years ended December 31, except 2007 and 2008
* As at September 30, 2007
** Estimated as at January 1, 2008
Network diversity
Network diversity for 2007 will be provided following release of year end results.
As at December 31, 2006, the Fund Network was comprised of diverse operations as
over 74% of the Fund’s franchisees, had fewer than 50 REALTORS®. In addition, the
Fund Network of REALTORS® is geographically diverse with our REALTORS® spread throughout
Canada on approximately the same basis as the overall Canadian REALTOR® population,
as summarized in the chart below.
|
|
Canadian REALTOR® Population1 |
Fund Network REALTORS®2 |
|
Ontario |
50% |
53% |
|
Prairies |
14% |
12% |
|
BC |
18% |
16% |
|
Quebec |
14% |
15% |
|
Maritimes |
4% |
4% |
|
Total |
100% |
100% |
REALTOR® growth
A summary of the Canadian and Fund’s growth in REALTORS® during the year ended December
31, 2006 follows:
|
|
Canada* |
|
The Fund Network |
|
Number of Licenced Members |
% Change |
Number of Licenced Members |
% Change |
|
Opening |
82,837 |
|
|
11,542 |
|
|
Q1 |
2,509 |
3.0% |
443 |
3.8% |
|
Q2 |
1,477 |
1.8% |
177 |
1.5% |
|
Q3 |
1,293 |
1.6% |
39 |
0.3% |
|
Q4 |
790 |
1.0% |
-52 |
-0.4% |
|
|
|
Closing |
88,906 |
7.3% |
|
12,149 |
5.3% |