Ten Things You Need to Know About Bill 145 – Trust in Real Estate Services Act, 2019

On Tuesday, November 19, 2019, the Minister of Government and Consumer Services, the Honourable Lisa Thompson, introduced Bill 145, the Trust in Real Estate Services Act, 2019. Bill 145 amends the Real Estate and Business Brokers Act, 2002, bringing forward a series of changes that, if passed, will raise professional standards, strengthen consumer protection and … Continued

An Opportunity to Help all Members – OREA New Member Initiatives and Consultation on the Strategic Use of Reserves

  Our mission at OREA is to help all 78,000 Members succeed in building stronger communities. That means providing products and services that make a difference to the business success of Ontario REALTORS®. Services like over 200 OREA Standard Forms and Clauses that Individual Members used last year to complete 200,000 real estate transactions. Services like … Continued

STATEMENT FROM OREA CEO TIM HUDAK ON THE 2019 ONTARIO BUDGET

The Ontario Government told us today that it wants to make Ontario ‘A Place to Grow,’ which is a theme that is inherent in the work Ontario REALTORS® do every day. By connecting young families with homes, and helping first-time buyers find an affordable place to live, Ontario REALTORS® know what it takes to build … Continued

Ontario’s NEW 26th Premier and his Cabinet

  Earlier today Premier Doug Ford was sworn in as Ontario’s 26th Premier and announced his Cabinet. With just 21 Ministers, this government’s Cabinet is smaller than previous governments. Below is a summary of some key Ministers that will oversee issues that are important to OREA and our members. For a complete list of the Cabinet, … Continued

New Employment Standard Act

Real estate is a unique profession. Therefore, it is a priority for the Ontario Real Estate Association to maintain REALTORS’® exemption under the Employment Standards Act. In 2015, the Minister of Labour initiated the Changing Workplaces Review to assess the Employment Standards Act (ESA) given the changing nature of the workforce in Ontario. The review … Continued

Ontario Government Announces New Standard Lease Agreement

Last week, the Ontario Government released a new standardized lease agreement for private residential leases which includes; single and semi-detached houses, apartment buildings, rented condos and secondary units. As of April 30th, 2018, all leases used by a landlord must be the new standardized lease. For any lease that is signed after this date that … Continued

Bill 166, Strengthening Protection for Ontario Consumers Act, 2017 – Q&A

Yesterday, Bill 166, Strengthening Protection for Ontario Consumers Act, 2017, passed third reading and received Royal Assent. To help Ontario’s REALTORS® better understand the legislation, OREA has drafted some Frequently Asked Questions (FAQ). If you have any other questions about the REBBA Review and the next steps, please contact the Government Relations team at REBBAReform@orea.com. … Continued

New Rent Control Rules REALTORS® Need to Know

In April 2017, the Government of Ontario announced Ontario’s Fair Housing Plan, comprised of 16 new housing measures. As part of the Housing Plan, many of the measures focused on the rental-housing market and introduced Bill 124, the Rental Fairness Act, 2017. Ontario recently announced new rules pertaining to evictions. Effective, September 1st, 2017, when … Continued