Teagan has covered Toronto, GTA, and Ontario cottage country real estate. Before coming to STOREYS as a staff writer, she was a freelance writer for Toronto Life and Cottage Life.
Prior to today, Realtor.ca, Canada's largest multiple listings service platform, was a not-for-profit entity owned by the Canadian Real Estate Association . But at today's 2024 Special General Meeting, CREA members voted to transition Realtor.ca into a wholly owned taxable subsidiary of CREA.shared by CREA outlines that the decision to transition Realtor.
Currently, Realtor.ca commands around 50% of the country's market share. As a taxable subsidiary, the site will remain 100% owned by REALTORS® through their membership with CREA. Under the new for-profit structure, the site will be able to pursue new revenue streams not currently possible under the current not-for-profit structure.
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