OREA Welcomes Luigi Favaro as New CEO for Growth and Innovation
OREA's Leadership Transition with Luigi Favaro
The Ontario Real Estate Association (OREA) has announced a significant leadership change with the appointment of Luigi Favaro as its new Chief Executive Officer (CEO), effective September 2025. This marks a pivotal moment for OREA as it continues its mission to advocate for nearly 100,000 REALTOR Members and strengthen communities throughout the province.
Luigi Favaro: A Leader in Real Estate
With nearly two decades of experience in the real estate industry, Favaro is no stranger to the challenges and opportunities present in this dynamic field. He has played an integral role at OREA as the Vice President of Partnerships, where he successfully expanded strategic alliances, developed essential support programs for Member Boards, and initiated projects that significantly improved Member satisfaction.
A Vision for the Future
Favaro expresses enthusiasm about the direction of OREA under his leadership, stating, "I am honoured to work alongside our Members, staff, and partners to further our mission of empowering Ontario REALTORS in helping individuals find their ideal homes and thrive in their communities." His commitment is clear: to tackle both the challenges and opportunities within the real estate landscape and ensure that OREA’s Members are well-prepared for success in their careers.
Support from OREA's Leadership
OREA President Cathy Polan shared her confidence in Favaro, commending his extensive experience in both leadership and the real estate sector. "Luigi will drive our strategic direction during such a critical phase for our Association. We are grateful for the dedicated service of our Interim CEO, Sonia Richards, whose leadership has been invaluable over the past year, ensuring our Members received consistent support in these changing times," Polan said.
Facing New Challenges Together
As Favaro assumes his new role, the Ontario real estate market presents a mix of challenges and opportunities. With the ongoing evolution in technology and buyer behaviors, his leadership will be crucial in navigating these changes and ensuring that the OREA remains at the forefront of the industry. He aims to foster environments where REALTORS can collaborate, innovate, and respond effectively to the needs of their clients.
Community Building at the Core
Favaro's vision extends beyond the immediate objectives of OREA. He emphasizes the importance of community building, asserting that REALTORS play a vital role in shaping neighborhoods and enriching the fabric of their communities. As he steps into the role of CEO, he will strive to enhance initiatives that support local development, fostering a stronger and more connected community.
Contact Information for Further Inquiries
For more information, please contact:
Jean-Adrien Delicano
Senior Manager, Media Relations, OREA
JeanAdrienD@orea.com
416-459-6059
Frequently Asked Questions
Who has been appointed as the new CEO of OREA?
Luigi Favaro has been appointed as the new Chief Executive Officer of the Ontario Real Estate Association.
What experience does Luigi Favaro bring to his new role?
Favaro has nearly 20 years of experience in the real estate industry and has held a leadership position as the Vice President of Partnerships at OREA.
What is Luigi Favaro's vision for OREA?
Favaro aims to empower Ontario REALTORS while focusing on community building and addressing the challenges and opportunities facing the profession.
How does OREA support its Members?
OREA provides advocacy, resources, and strategic initiatives aimed at enhancing the success and satisfaction of its REALTOR Members.
Who were the key figures in OREA's leadership transition?
OREA President Cathy Polan expressed confidence in Luigi Favaro's leadership, while Sonia Richards served as the Interim CEO prior to Favaro's appointment.
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