OREA In the News

Toronto Star: Ontario realtors face new double-ending rules, stiffer fines 

Real estate agents in Ontario will face new conflict of interest rules when they represent both a buyer and seller in a single transaction and tougher penalties when they violate the industry regulations and ethics....RECO issued a statement welcoming the changes, saying they reflect its own recommendations. 

The Ontario Real Estate Association (OREA), which represents 70,000 industry members, also praised the measures. The new rules will be some of the strictest in North America and the most stringent in Canada, said CEO Tim Hudak. Acting as a facilitator, "bringing a willing buyer and seller to the table to find a win-win solution," is a big part of a real estate agent's job, he said. The consumer still retains the choice, he said, of whether to opt for the advice of their own agent or go with an impartial facilitated transaction."You may be a sophisticated buyer, you may be on your third home, you may be somebody who has background," said Hudak. 

 

Canadian Press: Liberals target ticket bots, Tarion, real estate rules 

Ontario is seeking to strengthen consumer protection rules around home warranties, ticket sales, real estate practices, and travel services in an omnibus bill introduced Thursday....The bill also tackles the issue of double ending, in which a real estate agent represents both a buyer and a seller in a transaction, though specifics are being left to regulators. Ontario Real Estate Association CEO Tim Hudak said it will allow for greater transparency and consumer protection. Real estate sellers, brokers and brokerages would also be subject to stiffer fines if they violate a code of ethics, up from $25,000 to $50,000 and $100,000 for brokerages. 

 

CBC: Ontario moves to tighten rules around real estate agents 'double-ending,' but won't ban the practice 

Ontario is introducing regulatory changes to address "conflict of interest scenarios" involving real estate agents who represent both sides of a sale...Tim Hudak, CEO of the Ontario Real Estate Association, applauded the proposed legislation, calling it "a big step forward" and saying it's the strictest set of industry regulations anywhere in North America. Asked if he felt double-ending should be made illegal, he responded: "It still allows consumers to say, 'I know you, you've helped me before, you're a good Realtor, I trust you.' "This is the biggest expenditure that the vast majority of us make in our lifetime. So you want somebody that you know is going to give you the best advice, give you the best deal.… So you should always preserve choice." 

 

RECO: RECO supports government announcement about multiple representation 

The Real Estate Council of Ontario (RECO) is pleased with the announcement made by Minister Tracy MacCharles earlier today about proposed changes to real estate regulations in the province. These changes reflect recommendations that RECO made to government in January 2017. As the regulator and consumer protection body for real estate in Ontario, RECO is committed to protecting the public interest through a fair, safe and informed marketplace. 

 

Canadian Press: Highlights of Ontario’s consumer protection bil

Ontario has introduced broad consumer protection legislation that covers home warranties, ticket sales, real estate practices, and travel services. Here are some of the provisions in the bill: 

 

REM: Ontario homebuilders partner with Tarion, building officials 

The Ontario Building Officials Association (OBOA), Tarion Warranty Corporation and the Ontario Home Builders’ Association (OHBA) have signed a partnership agreement, pledging to “increase consumer protection for new home buyers, improve industry standards and achieve greater consistency in education and application of standards in the province’s new home building industry.” The partners say that although they have traditionally worked together, this agreement solidifies a framework to elevate the new home building industry. 

 

APTN: Activist hopes tiny houses will stop big project 

Hidden amongst the trees, off the side of the highway near Kamloops, activist Kanahus Manuel is putting the final touches on a tiny house that has a big purpose – to block the expansion of Kinder Morgan’s Trans Mountain pipeline crossing in Secwepemc territory. “This is how important this is to us, that we want to leave a legacy that says that we did stand up to protect our land from massive encroachment and development from a dirty oil pipeline,” said Manuel. The Secwepemc Nation is made up of 17 bands. Manuel said only three of those bands signed agreements with Kinder Morgan. 

 

Real Estate Exchange: Daniels unveils accessibility program for new condos 

The Daniels Corporation has unveiled its Accessibility Designed Program (ADP) for condominium purchasers who use mobility devices, the latest move in its commitment to building homes for the full spectrum of the housing market. “Our mission has always been to try to eliminate barriers to home ownership, be they financial or in this case physical,” said Daniels vice-president of project implementation Jake Cohen. 


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
Fax: 905.608.9988