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REIC History

In 2015 REIC celebrates its 60th anniversary as the leading national provider of advanced education and designations for real estate industry professionals in Canada. Since its inception in 1955 as the Canadian Institute of Realtors with 92 members, REIC has evolved, from representing real estate sales professionals, into an organization representing all sectors of the real estate industry. REIC has seen its share of changes, yet many of its goals have stayed the same - raising the professional standards of the industry and supporting its Members. REIC continues to promote and champion the benefits of advanced education and lifelong learning.
 

Timeline of REIC

1943

The Canadian Association of Real Estate Boards (CAREB) is formed 

Eleven Ontario Boards and delegates from Victoria, Vancouver, Edmonton, Winnipeg and Montreal drew up the first constitution of the Canadian Association of Real Estate Boards (CAREB). At its first conference in April, 1944, CAREB adopted the term "REALTOR®" for use by all of its member real estate professionals. 

CAREB will eventually evolve into the Canadian Real Estate Association (CREA).
 

1955

CAREB forms the Canadian Institute of Realtors (CIR) to provide organized advanced education to its members

CIR-logo.jpg

CIR will eventually change its name to the Real Estate Institute of Canada (REIC).

J.A. Weber, B.Comm, FRI, SIR, CRE, from Edmonton AB is the first CIR President, from 1955-56.

FRI is the first designation program offered by REIC. The FRI remains the real estate industry's longest standing and most prestigious professional credential. 
 


1956

The first year of the CIR correspondence course

199 students from across Canada enrolled in the first program.
 

1958

First year of graduate students

45 students graduate from the first CIR course and are able to apply to CIR and obtain their FRI designation
 

1961

Expansions to the education program

The CIR course is offered at four universities in Canada: University of Toronto, University of Alberta, University of Manitoba and McGill University. 

A law course is designed especially for Quebec students at the University of Montreal
 

1962

Chapters established

The Toronto and Edmonton Chapters are established.

The first CIR national seminar is held in Banff, AB and became an annual event. 
 

1971

CIR becomes the Real Estate Institute of Canada (REIC)

CAREB changes its name to the Canadian Real Estate Association (CREA).

Canadian members of the Institute of Real Estate Management (IREM) join with REIC.

Torontonian Neil C. McDonald, FRI is the 1000th person to complete the Institute’s educational requirements and be accredited with the FRI designation.
 

1972

Partnership with IREM

REIC forms partnership with IREM to provide ARM® and CPM® designation programs. There are now two divisions of REIC – the FRI division and IREM division (CPM® designation). 
 

1974

The royal visit

Donald P. Leaney the chairman of the IREM division of REIC accompanies Princess Margaret and Lord Snowdon on their Royal Winnipeg visit and travels with them to Brandon.

The Don Hill Trophy, in its first year, is awarded to the Quebec Chapter for highest percentage increase in membership.

1975

REIC becomes an autonomous entity

CREA and REIC legally separate with REIC becoming autonomous. REIC_ICI_Short.jpg
 
The REIC logo is designed becoming the official emblem of the Real Estate Institute. 

A franchising agreement is finalized with IREM.   
 


1977


REIC enters into partnership with CMHC offering the Mortgage Lending for Residential Housing course.
 

1981

REIC Annual Conference held in Montreal

During the conference an agreement is reached to establish a finance section of the FRI division and offer a course in real estate finance. 

An executive member of the Institute dares Simon Vieyra, Director of Education & Admissions, to shave off his beard if $1,000 could be raised towards the REIC trust fund. He shaved his beard the following evening.  
 

1982

The first REIC faculty training program is held in Toronto.

REIC presents a one day conference “Real Estate and the Economy: Impact and Strategies” in Toronto. Ed Broadbent, leader of the NPD, makes opening remarks. Doug Fisher, Parliamentary Secretary to the Minister of Finance also speaks at the seminar.  
 

1983

REIC becomes computerized

REIC presents a real estate computer show and conference in Toronto following a successful seminar on “Computerization in Real Estate”.  

REIC marks the 25th anniversary of the first ever graduating class of 1958 in August. 

REIC and CMHC partner for the development of a real estate finance education program.
 

1984

REIC publishes a textbook on Computers in Real Estate.

REIC announces its first marketing course leading to the CMR (Certified in Real Estate Marketing) designation.
 

1985

REIC member Shirley Lohmer, FRI, CMR, CRA is chosen as businesswoman of the year for the Kitchener-Waterloo, Ontario area.


Leslie O’Brien, FRI, is elected the first woman president of the Manitoba Real Estate Association in its 35 year history.

REIC's Faculty Training course is named the Most Outstanding Educational Program of 1985 by the Chicago-based Real Estate Educators Association (REEA).  
 

1986 

In 1986 the average FRI was male, 48 years old, and had 18 years experience in the industry. The average fully-employed FRI’s personal gross income was $69,742.

 

1988

REIC participates in the CREA conference in Vancouver.  

REIC assists in the production of five half-hour television programmes, by TVOntario and the Ontario Ministry of Housing, geared to providing small-scale landlords with effective property management skills. The series, called The Successful Landlord, was hosted by David Stringer. 

1989

John H McDermid, FRI, MP is elevated to cabinet rank as Minister of State (Housing) and Minister of State (International Trade)

 

1990

Charla M. Ramsay, FRI, CMR  becomes the first female president of REIC

Ottawa: June 9, 1990 - First REIC Education and Networking Symposium (AGM) is held.  Special guests include Mike Duffy and… the Muppets!
 

1995

REIC 40TH ANNIVERSARY

The REIC AGM takes place in Winnipeg. The Mayor of Winnipeg, Susan Thompson, declares June 5-11th REIC Week. 

REIC offers the Certified Real Estate Specialist (CRES), CRU and ARM designation programs.

2000

REIC enters into agreement to provide the CRP and ARP designation programs. 

 

2001

REIC launches the CRU program with Eastern Caribbean Mortgage Home Bank.

 

2002

REIC offers courses leading to the CMOC designation.

 

2004

Maura Bella appointed  as REIC Executive VP and CSO.

 

2009

REIC and the Building Owners and Managers Association of Canada (BOMA) sign an MOU for formal endorsement of the BOMA BEST program.

 

2012

REIC Past President, William McCarthy FRI CPM® CLO, gifts $21.4 Million to BC Cancer Foundation.  It is the largest charitable bequest to a single beneficiary in BC’s history.

 

2013

REIC responds to Ontario Condominium Review Stage Two Solutions Report.


REIC enters into education partnership with:  

2014

University of Fredericton launches first fully online Canadian MBA and EMBA with a specialty in Real Estate Leadership in partnership with REIC


REIC offers its first online course – Ethics and Business Practice

REIC enters into education partnerships with:
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