The Grey 30s

The new Real Estate and Business Brokers Act (REBBA) requires salespeople and brokers to obtain a license simply by registering their name.

Prompted by the market crash in 1929, the Great Depression began and real estate activity slowed. Many people were unemployed and, as such, had a hard time paying their bills. People declared bankruptcy and markets collapsed.

As a result, in the 30s, Ontario directors decide to waive dues for two years to support suffering Member Boards. OAREB gets its first permanent office, located in Toronto.

668 brokers and 400 salesmen are registered under the new Act.

A street in the 1930s.