Ontario Real Estate Association (OREA) has named longtime employee Luigi Favaro its new CEO.
The announcement was made at an event at OREA’s headquarters on Friday just before noon.
Favaro, currently VP of partnerships, has been with the association for more than 17 years.
“I am honoured to continue working with our members, staff, and stakeholders to further our mission of supporting Ontario Realtors in helping people find a great place to call home, work and thrive,” said Favaro in a statement. “Together, we will continue to address the challenges and opportunities facing our profession and ensure that our members are equipped for success.”
OREA has been planning to hire a permanent CEO since Tim Hudak’s resignation in August 2024. Sonia Richards has served for the last 11 months as interim CEO.
“We are thrilled to have Luigi lead the association and drive our strategic direction during such a pivotal time,” said OREA president Cathy Polan in a statement. “With his extensive experience in both leadership and real estate, we are confident he will provide the vision and direction necessary to continue elevating our Association and strengthening the profession.”
More details to come.