Royal LePage

Royal LePage
Subsidiary
Industry Real estate
Founded Toronto, ON (1913)
Headquarters Toronto, ON
Key people
 Phil Soper (President, CEO), George Myhal (Chairman)
Products Real estate brokerage services
Number of employees
 14000+
Parent Brookfield
Website www.royallepage.ca

Royal LePage is a Canadian real estate franchiser and owner-operator with more than 600 locations and over 17,000 Realtors in Canada.[1] The company was founded on July 2, 1913 in Toronto, Canada by then 26-year-old Albert E. LePage, under the name "A.E. LePage, Bungalow Specialist." In 1984, the company was renamed Royal LePage following a merger with Royal Trust co.

Today, the company is led by Phil Soper, who was named President of Royal LePage in 2002 and Chief Executive Officer in 2004. Royal LePage is a Brookfield Real Estate Services Inc. company, a TSX-listed corporation trading under the symbol TSX:BRE. Royal LePage is now owned by the Brookfield Real Estate Services Fund.

History

A.E. LePage established his real estate company ‘A.E. LePage – The Bungalow Specialist’ on July 2, 1913.

In 1920, A.E. LePage assisted in founding the Toronto Real Estate Board with an eye to establishing codes of ethical practice for the industry.

Following A.E. LePage’s retirement in 1953 the company, under new ownership, assembled 800 hectares of farmland, creating North America’s first planned development, in the town of Don Mills in Ontario.

In 1964 the company offers a new service to help companies across Canada with employee relocations. (The service now operates under Brookfield Global Relocation Services.)

In 1960 The A.E. LePage company plays a pivotal role in the land assembly and office leasing of the Toronto-Dominion Centre, the largest project of its time within the British Commonwealth.

In 1970, A.E. LePage rapidly expands its residential business through more than 140 acquisitions across Canada.

1974 The Survey of Canadian House Prices, later known as the Royal LePage House Price Survey, is launched.

A.E. LePage and Royal Trust merge in 1984 creating the country’s leading diversified real estate services organization. The new company is named Royal LePage.

Royal LePage became a publicly-traded company in 1987, trading on the Toronto, Vancouver and Montreal stock exchanges.

Starting in 1994 Royal LePage offers a franchise system

Royal LePage launched www.royallepage.ca in 1995, Canada’s first national Real Estate portal.

In 1998 the Royal LePage Shelter Foundation launched, creating the only corporately-branded charity within the Canadian real estate industry.

Royal LePage Franchise Services Fund listed on the Toronto Stock Exchange (TSX) in 2003.

Royal LePage Shelter Foundation

The Royal LePage Shelter Foundation is Canada's largest public foundation dedicated exclusively to supporting women's shelters and ending violence against women and children. The Royal LePage Shelter Foundation also supports long-term violence prevention and education programs. All funds raised by Royal LePage offices remain in their local community and because Royal LePage pays the costs of administration, one hundred percent of all money and effort goes to the charity.[2]

References

  1. ↑ "Royal LePage Canada: Our Company". Retrieved 2007-05-22.
  2. ↑ "Royal LePage Canada: Shelter Foundation". Retrieved 2016-11-10.
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