By Mark McLean, TREB President
“Progress lies not in enhancing what is, but in advancing towards what will be.”
The Toronto Real Estate Board (TREB) was founded by a small group of real estate practitioners in 1920. A very different time from the world we know today. Modern tools of the real estate trade such as the smartphone, the Internet and social media, did not exist. The average REALTOR® wasn’t accustomed to selling million dollar homes, in fact the earliest recorded average price of a house was $14,424 in 1953.
In 1920, Toronto’s population was just over 500,000 compared to more than six million today. TREB too has evolved since then, as it covers more than just Metro Toronto and has expanded to cover the Greater Toronto Area (GTA). Toronto itself is comprised of 140 neighbourhoods that house more than 200 distinct ethnic origins and 180 different languages and dialects. According to the 2011 Census, 44 per cent of Toronto residents speak a language other than English or French. The Board today has grown to over 42,000 REALTOR® Members strong, compared to the approximately 150-200 Members in the 1920’s, and has grown to reflect the diversity that is so prominent in the GTA.
From the humble beginnings of that small group of real estate practitioners, came something much greater. They had the vision to begin something that was unprecedented. They put ethics and common values ahead of self -interest and encouraged working together. Even as early as 1924, Members of the board understood the benefit of working cooperatively and created the beginnings of what we know today to be the Multiple Listings System (MLS). Although the 1924 version only lasted 8 months and didn’t become a permanent resource until 1944, it shows the foresight and advancement towards the future TREB has immersed itself in since its inception.
The idea of advancing towards what will be can be seen throughout the history of TREB, and has been instilled in the core values of the organization since the beginning. It is not only seen in the expansion of the city of Toronto or the Board’s membership, but through the programs and services TREB provides to its Members.
It is with great pride that, as a REALTOR® with more than 20 years in the industry, and now TREB President for the 2015-2016 term that I present to you TREB Wire, the official blog of the Toronto Real Estate Board.
The vision behind creating and launching this blog was to provide a resource for real estate information important to consumers, and the professional REALTORS® that work with them. TREB wants to deliver useful information for REALTORS®, home owners, new and prospective buyers, as well as real estate investors at any level.
Our readers can look forward to informative articles on investing in real estate, home ownership, benefits of being a homeowner, market trends and analysis, first-time buyer tips, home buyer and seller information, commercial property investing, with occasional insights from industry experts and more.
Welcome to the next step in working cooperatively.
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