OREA CEO Tim Hudak Steps Down After Seven Years

Storeys Publishing Inc.; Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player in real estate is undergoing a leadership transition as the CEO steps down after seven impactful years. The outgoing executive has made significant contributions to the organization, advocating for members and enhancing services. As the organization looks to the future, it seeks to maintain its commitment to supporting realtors and promoting homeownership. This is an exciting time for the company as it prepares for new leadership and fresh initiatives aimed at strengthening community ties and enhancing the real estate landscape in Ontario.

Job description

OREA CEO Tim Hudak Steps Down After Seven Years

Tim Hudak has revealed to OREA members that he is stepping down as chief executive officer, effective August 2, 2024.

After seven years spent at the helm of the Ontario Real Estate Association (OREA), Tim Hudak has revealed that he is stepping down as chief executive officer.

STOREYS obtained an email from Hudak to OREA members on Tuesday afternoon, in which he said that his last day in the role will be on August 2, 2024.

“I have been tremendously honoured to have spent the last seven years as the CEO of the Ontario Real Estate Association,” the email reads. “When I was recruited to the job, as I was leaving my time in public office, I believed I would be here for about five years with a goal of delivering high impact advocacy, greater profile for the organization and refreshed, practical products to support REALTORS as they connect people with a great place to call home.”

Hudak also took the opportunity to highlight a few of OREA’s accomplishments while under his leadership. To name a few, he pointed to the introduction of the Trust in Real Estate Services Act , which came into effect at the end of last year, and the Ontario REALTOR Wellness Program , which is a comprehensive health and wellness plan available to all OREA members who are up to date on their dues as of January 1, 2024.

“With these successes in mind, earlier this year I advised the Board of Directors of my intention to leave OREA this summer,” Hudak said. “I want to take this opportunity to thank the OREA staff who at all times act with integrity, creativity, and in the best interests of our members. To the Boards I have served, I thank you for your leadership in guiding staff to accomplish all of our goals. To the members, I thank you for the critical role you play in our day to day lives and the economy. I admire your work ethic and your unmatched dedication to building strong communities.”

“I will be forever a champion of the Canadian dream of homeownership and the extraordinary work Ontario REALTORS do in helping people get the keys to a great home,” Hudak went on to say. “I look forward to spending August with my family and tackling new adventures in the fall.”

Email from Hudak to OREA members obtained by STOREYS.

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