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.