Ontario’s Speech from the Throne

After a busy summer, MPPs are back at Queen’s Park. In the throne speech delivered earlier this week by Ontario’s lieutenant governor, the Honourable Elizabeth Dowdeswell, the government outlined their plans for this session. In the speech, the government re-affirms their commitment to balancing the budget next year and helping home owners reduce energy consumption. … Continued

OREA urges caution on a tax on foreign buyers in Ontario

Two weeks ago, the Government of British Columbia (BC) introduced a new 15 per cent land transfer tax on foreign buyers of residential real estate in that province. The tax was introduced with no consultation and virtually no notice. As Ontario considers measures to address the growing affordability challenge in our province, OREA urges all … Continued

Municipalities in Ontario Support Home Ownership

Did you know that some municipalities in Ontario have programs to help residents achieve the dream of home ownership? The home ownership component of the Investment in Affordable Housing for Ontario Program provides funding for renter households with low to moderate income to transition into home ownership. This is a joint program with funding provided … Continued

What are Ontario MPPs up to this summer?

Although the legislature has adjourned until September, Members of Provincial Parliament (MPPs) are kept busy during the summer months. When they are not in the legislature, MPPs spend time in their home ridings, listening to and helping their constituents. In addition to hearings and committee meetings, there are also two yet to be called by-elections … Continued

Government Reviews Ontario’s Financial Planning Framework

Earlier last month, OREA made a submission to the Government of Ontario’s Expert Committee to Consider Financial Advisory and Financial Planning Policy Alternatives. OREA supports the Committee’s recommendation to increase financial literacy amongst youth in Ontario. As professionals who help consumers through one of their largest financial transactions in their lifetimes, REALTORS® know how important … Continued

Meet the New Minister of Energy, the Honourable Glenn Thibeault

This week, we will continue profiling ministers in Premier Wynne’s cabinet with the new Minister of Energy, the Honourable Glenn Thibeault. Minister Thibeault was elected to the Ontario Legislature in 2015 representing the riding of Sudbury.  He previously served as the Parliamentary Assistant to the Minister of Environment and Climate Change (MOECC), the Honourable Glen … Continued

Meet the Hon. Glen Murray, Minister of the Environment and Climate Change

This week we are profiling the Minister of the Environment and Climate Change (MOECC), the Honourable Glen Murray. Glen Murray was first elected as the Member of Provincial Parliament (MPP) for Toronto Centre in 2010. Murray previously served as the Minister of a number of portfolios, including: Infrastructure; Transportation; Training, Colleges and Universities; and Research … Continued

CPP enhancement instead of ORPP means savings for REALTORS®

Thanks in part to lobbying from business groups including OREA, this week, the provincial government pulled the plug on the Ontario Retirement Pension Plan (ORPP) in favor an expanded Canadian Pension Plan (CPP). The change came after a meeting between provincial finance ministers and the federal government earlier this week. For OREA members, this change … Continued

Premier Wynne Announces Cabinet Shuffle

Yesterday, Premier Wynne unveiled her new 30-member cabinet at Queen’s Park. Although many ministers remain in their previous positions, the cabinet shuffle is highlighted by new ministers and ministries. Notably for real estate in Ontario, Ottawa-Orleans MPP Marie-France Lalonde was appointed Minister of Government and Consumer Services (MGCS). OREA works closely with MGCS since it … Continued