Courtesy of REM Online
Real Trends releases Canadian brokerage rankings
May 2, 2012
Real Trends today released its annual lists of the largest Canadian real estate brokerages, ranked by transaction ends and sales volume.
There are some new names in the top 10 compared to last year, but the No. 1 spot once again goes to Sutton Group – West Coast Realty in Vancouver, which has 19 offices and recorded 15,039 transactions in 2011.
Royal LePage’s 15 corporately owned offices in the Toronto area take second spot, with Re/Max Realtron of Markham, Ont. in third on the transaction list. Right At Home Realty in Toronto, which did not participate in last year’s survey, was the top independent brokerage and seventh overall. Re/Max is the brand with the most brokerages on the lists.
“We are now up to a ranking of 250 residential brokerages from a 200-company ranking the first two years,” says Real Trends partner Nicolai Kolding. “Almost all of the firms that participated last year chose again to participate this year and we were able to reach many new brokerages.”
Kolding says the transactions of the top 250 firms on the list represented 52 per cent of all the housing transaction sides in Canada last year (based on CREA’s annual figure of 457,305). “We are pleased that once again we have deep geographic representation in Canada. Of B.C., Alberta, Saskatchewan, Manitoba, Ontario, Quebec and the Atlantic regions, we had no less than 44 per cent of all transaction sides represented in any province.
“The average sales price from these firms, $362,980, is within $136 (or 0.04 per cent) of the national average, according to CREA,” Kolding says. “So we obviously feel the list is not only a deep sample, but one that is appropriately representative of the country.”
The average agent of the brokerages in the survey completed 12.9 transactions last year. “This is significantly better than the national average, which we estimate at 9.1 transactions per person, as well as that achieved in the U.S. (7.8 transactions per person),” he says.
The survey also includes tables that highlight those firms that had the best productivity per person and per office as well as those firms that improved the most from 2010 to 2011. “We did this to highlight that there are many brokerages that are equally deserving of high praise even if they’re not one of the biggest,” Kolding says.
Royal Pacific Realty Group in Vancouver had the top volume per office, while Re/Max Executives Realty in Winnipeg had the most ends per agent. Top volume per agent went to Prudential Fort McMurray Real Estate in Fort McMurray, Alta. Royal LePage Your Community Realty in Richmond Hill, Ont. had the largest increase in ends compared to 2010, while the largest increase percentage-wise was by Keller Williams VIP Realty in Ottawa.
The 10 largest brokers in Canada, ranked by closed transaction ends for 2011, from the Real Trends Canadian 250:
1. Sutton Group – West Coast Realty, Vancouver, 15,039
2. Royal LePage Real Estate Services, Toronto, 10,018
3. Re/Max Realtron Realty, Markham, Ont., 9,544
4. Royal LePage Your Community Realty, Richmond Hill, Ont., 7,929
5. Re/Max Real Estate (Edmonton), Edmonton, 7,407
6. Royal LePage Team Realty & Royal LePage Gale Real Estate, Ottawa, 7,283.
7. Right At Home Realty, Toronto, 7,156
8. Re/Max Twin City Realty, Kitchener, Ont. 6,690
9. Royal Pacific Realty Group, Vancouver, 6,643
10. Royal LePage ProAlliance Realty, Belleville, Ont., 6,432
The full list is available at http://realtrendscanadian.com/
Courtesy of REM Online
The 200 largest real estate brokers in Canada
Front Page, News, Trends
May 31, 2011
Real Trends has published its second annual list of the 200 Largest Brokers in Canada, and there’s a new No. 1.
It’s Sutton Group – West Coast Realty, based in New Westminster, B.C. With 17 offices and 1,690 agents at the time the list was compiled, the brokerage had 14,577 “ends” or transaction sides in 2010. It also leads the Real Trends list of the largest brokers by closed sales volume in 2010, at a whopping $8,410,954,874.
Sutton Group – West Coast Realty was the original Sutton office in Canada, founded by Scott Shaw and Lance Tracey in 1983. The first office was in North Vancouver, but the company soon expanded to Coquitlam and Surrey. The firm later expanded across the province with other partners.
“In 2009, we recognized an opportunity for us to bring better value for Realtors in the market, which began a ‘rebirth’ of the organization,” says Josh Heppner, chief operating officer of Sutton Group – West Coast Realty. “We brought all the offices under a common ownership group and transitioned into expansion mode.”
The firm is now owned by a group of silent investors, most of whom have been brokers/owners at one time. The management group is led by Heppner and general manager Merrily Hackett. As of April 1 of this year, the firm had 1,751 sales reps.
Last year’s No. 1, the 15 Royal LePage corporately owned offices in Toronto, came in second on both lists for 2010.
Nicolai Kolding, partner at Real Trends, says compiling the second list was easier than the first time out, but they know there are companies that didn’t make the list and should be there. “We wish we could have reached everyone,” he says. “There are even some we heard from after we closed the survey.”
Sutton Group – West Coast Realty did not appear on last year’s list because they were not aware it was being compiled, says Heppner. Another significant newcomer to the list is independent Harvey Kalles Real Estate in Toronto, which ranks 14th on the sales volume list and 59th in transactions.
Re/Max offices hold down 137 of the top 200 positions. The top independent on the transaction sides list is CIR Realty in Calgary, at No. 18.
The full list includes the largest 200 firms, plus 29 “up and comers” that almost made the list.
Kolding says the 229 firms averaged 13.5 transaction ends and $4.79 million in closed sales volume. “The agents from the 229 largest U.S. firms, on the other hand, averaged 7.2 transaction ends and $2.04 million (US) in closed sales volume.”
REAL Trends 200
The 10 Largest Brokerages in Canada, ranked by closed transaction sides, for 2010 from the Real Trends Canada 250
1. Sutton Group – West Coast Realty, New Westminster, B.C. 14,577
2. Royal LePage Real Estate Services, Toronto 10,979
3. Re/Max Realtron Realty, Markham, Ont. 8,444
4. Re/Max Real Estate (Edmonton), Edmonton 7,593
5. Royal LePage Team Realty & Royal LePage Gale Real Estate, Ottawa 7,537
6. Re/Max Real Estate Centre, Cambridge, Ont. 7,123
7. Royal LePage ProAlliance Realty, Belleville, Ont. 7,021
8. Re/Max Twin City Realty, Kitchener, Ont. 6,883
9. Re/Max Hallmark Realty, Toronto 6,700
10. Royal LePage Niagara Real Estate Centre/Four Seasons, St. Catharines, Ont. 5,766