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 https://realtrendscanadian.com/
