Real Estate Boards and Numbers

There are many Real Estate Boards throughout Ontario and each Board is connected to a group that shares its MLS listings.  Oakville (OMDREB) is tied to the Regional Board, Burlington and Hamilton has its own Board (RHAB), but is currently sharing with Regional, and Toronto, Mississauga and Brampton (and other markets) are on their own on TREB.

I’m going to use Oakville real estate in my example.  In the 4 weeks including June 5, 2016 – July 3, 2017 there were 238 sales in Oakville.  This information is contained in 441 listings that were posted.  Here’s what was posted and where:

  • Posted on OMDREB only ………………………………………….10
  • Posted on RHAB only ………………………………………………..3
  • Posted on TREB only ……………………………………………….46
  • Posted on TREB and RHAB ……………………………………….14
  • Posted on TREB and OMDREB …………………………………141
  • Posted on all three (OMDREB/RHAB/TREB) ……………..24

And why are the listings not all posted in the same place? It’s because not all registrants are members of all three boards.  People from all over the GTA are shopping … all over the GTA, so when I list a property in Oakville, I want to make sure the buyers and their representatives all over the GTA have access to my full listing, and not just what’s available on Realtor.ca.  60% of the listings in Oakville were listed on both OMDREB and TREB.  And 24 listings were posted on all three.

Each board has a different data form with different mandatory fields.  For instance, Regional, which is where OMDREB houses its listings, requires square footage as a mandatory piece of information and TREB does not.  Roof type is mandatory but the date the roof was replaced is a field, but is not mandatory.  In my humble opinion, more mandatory data is needed for all of the boards.  The data forms should contain ever bit of information that the buyers’ insurance broker will be looking for.

When I pull up stats for Oakville, I pull them up from the Oakville board.  But, the Oakville board is missing data for 46 sales, or 19% of the sales, which I think is a significant number.

I wish we could have one database and that all of the Boards would share the one database. This would eliminate duplicates and would make life simpler. It would also mean that all registrants in Ontario would have access to all of the data in Ontario.