The Fund Network
REALTOR® growth
As at January 1, 2010, the Fund Network was comprised of 15,048 REALTORS® operating from 664 locations under 370 franchise agreements. The Fund increased the number of REALTORS® by 138 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 was 22%.
Years ended December 31, except 2010
* As at January 1, 2010
Network diversity
The Fund Network is comprised of diverse operations with 72% 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 |
50% |
53% |
|
Prairies |
14% |
10% |
|
BC |
18% |
13% |
|
Quebec |
15% |
21% |
|
Maritimes |
3% |
3% |
|
Total |
100% |
100% |
Industry and Fund Growth in REALTORS®
A summary of the Canadian industry and Fund’s year-over-year growth in REALTORS® during the year ended December
31, 2009 follows:
|
Canada |
|
The Fund Network |
|
REALTORS® |
% Change |
|
REALTORS® |
% Change |
|
Opening |
97,618 |
2.8 |
|
14,914 |
10.8 |
|
|
Q1 |
(815) |
(0.8) |
|
98 |
0.7 |
|
Q2 |
445 |
(0.5) |
|
(74) |
(0.5) |
|
Q3 |
503 |
(0.5) |
|
(51) |
(0.3) |
|
Q4 |
860 |
0.9 |
|
64 |
(0.4) |
|
|
|
Closing |
98,161 |
1.0 |
|
14,631 |
0.3 |
* Source - CREA
REALTOR® - A trademark identifying real estate licensees in Canada who are members
of The Canadian Real Estate Association (CREA).