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Ontario  + Finance  | 
Photo of Tim Hudak.

OREA CEO Hudak Steps Down

Ontario Real Estate Association CEO Tim Hudak announced his resignation Wednesday.

Hudak will leave his post on August 2. OREA has not indicated whether it will appoint an interim CEO or a permanent replacement. The outgoing CEO said he notified OREA earlier this year of his intention to leave the organization this summer.

He did not provide details on any future career moves.

“I look forward to spending August with my family and tackling new adventures in the fall,” he said in a statement posted on OREA’s website.

Hudak has helmed OREA for seven years, serving as an outspoken advocate. During his tenure, he said, OREA has become Ontario’s leading champion for homeowners and prospective homebuyers. He said the group’s advocacy efforts also helped convince government to pass legislation that enables affordable housing projects to be completed faster.

In one of his latest advocacy moves, he called for the federal government to permit 30-year mortgages for all homebuyers.

Pictured: OREA CEO Tim Hudak

Photo: Ontario Real Estate Association

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Tim HudakOREA

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Development
  • ◦Financing
  • ◦Policy/Gov't
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