Leaders at the Ontario Collective (OC) and the Ontario Regional Technology & Information Systems Inc. (ORTIS) announced on Jan. 16 that they have signed an agreement to combine their real estate information systems into one shared regional system.
Both companies provide multiple listings service (known commonly as MLS) system services to real estate associations across Ontario. MLS systems have detailed information and multiple ways to search to help realtors find the right properties for their clients. OC originally provided MLS system services to 12 real estate associations with over 5,000 realtors while ORTIS provided services to 10 real estate associations with over 8,500 realtors. The two groups are now creating a new single corporate entity to manage the services to all 22 associations.
“We are beyond excited to announce the blending of two of Ontario’s largest regional MLS Systems,” said Steve Dickie, chair of the OC. “For going on decades now, progressive realtors and associations have been working to break down the artificial walls that have separated them. This initiative will significantly enhance the opportunities and services for our realtor members as well as their clients.”
Both groups use CoreLogic’s Matrix system to power the MLS services. CoreLogic is a global property information, analytics and data-enabled solutions provider and their Matrix system is used by over 700,000 realtors in North America, including 32,000 in Canada alone.
“We’re going to take the best of both systems, combine them together to make something even better,” said Kati Strickland, project manager of the OC. “We’re working with CoreLogic now to align the needed resources and flesh out our project plan with the objective of having members online with it in the fall of 2019.”