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Jan 16, 2023
While prices are down nationally, in Ontario they are up almost 7% year-over-year with the average price of a home coming in at $932,000 in 2022.
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Jan 12, 2023
The SP 200 highlights the real estate leaders and executives who have made an impact and will lead and shape the industry.
Dec 20, 2022
Latest poll from OREA shows rising interest rates have worsened the housing affordability crisis, but the desire to own a home is growing, with nearly 7 in 10 non-homeowners identifying as someone who ‘really wants to own a home’ – a 9% increase from January
Dec 7, 2022
Today, the Ontario Real Estate Association (OREA) is celebrating its 100th anniversary, commemorating the last century of organized real estate.
Nov 30, 2022
TRESA replaced the decades-old Real Estate and Business Act, 2002 (REBBA) and made Ontario the North American leader when it comes to professional standards, training, and modern tools for real estate professionals. These changes are acting on many of the things recommended by the Auditor General in her report released today.
Nov 1, 2022
Are you ready to take your real estate career to the next level? Hosted by the Ontario Real Estate Association (OREA), the REALiTY+ Conference is the only real estate conference in Canada offering special access to the biggest industry leaders to help you network and stay on top of emerging real estate trends. It’s all happening at the Beanfield Centre in Toronto on November 22-23, 2022.
Oct 28, 2022
The Government of Ontario announced amendments to the Non-Resident Speculation Tax (NRST). Here’s what REALTORS® need to know about the changes to the NRST and how it might impact their transactions.
Oct 25, 2022
Ontario On-Track to Becoming Most Pro-Housing Jurisdiction in Canada with New Bill. Statement from OREA CEO Tim Hudak on the ‘More Homes Built Faster Act’
Oct 14, 2022
OREA STATEMENT ON CBC MARKETPLACE STORY
Sep 27, 2022
New report from OREA identifies systemic racism as an issue in Ontario real estate, makes recommendations to advance diversity, equity, and inclusion
Aug 18, 2022
Report after report have shown that money laundering is a major problem in Canada’s housing market. While other jurisdictions like British Columbia and the United Kingdom have implemented laws to deter money laundering, Ontario’s robust housing market and lack of transparency in public land registries have created the ideal environment for international criminals to anonymously flow money through residential real estate.
Aug 10, 2022
Ontario’s REALTORS® have continued to call for more action to create a new generation of homeowners by increasing housing supply and building more homes people can afford. The Ford Government’s newly introduced Strong Mayors, Building Homes Act is critical and overdue step towards solving the housing affordability and supply crisis.
Jul 6, 2022
Ontario’s REALTORS® have continued to call for more action to increase housing supply across the province, and we are pleased to see the Ford Government further reducing red tape around development, construction, and site planning, allowing more homes to market, faster.
Jun 21, 2022
When it comes to making the biggest financial purchase of your life, Ontario’s families deserve to have full confidence in the home buying and selling process, and that includes trusting that the professional by your side has the highest professional standards, training, and modern tools.
Jun 17, 2022
This week, the Cullen Commission investigating money laundering in British Columbia found that “real estate presents enormous money laundering vulnerabilities” and found gaps in provincial real estate legislation that put employees of developers and “For Sale By Owner” (FSBO) operators outside reporting requirements aimed at identifying suspicious transactions.
Jun 3, 2022
The Ontario Real Estate Association (OREA) would like to congratulate Premier Doug Ford and the Progressive Conservative Party for their re-election as Ontario’s next government. We look forward to working with the newly re-elected government, and all elected MPPs, to help keep the Canadian dream of home ownership alive for Ontario’s young people and their families.
May 25, 2022
With housing taking centre stage in the lead up to next week’s provincial election, it’s clear that voters are looking for a provincial government that will take action on addressing the housing crisis and bring affordability closer within reach. But to do so, Ontarians do not want the government to mandate how you sell your home.
May 19, 2022
Ontarians want to own homes: it’s part of the Canadian Dream. But because of the housing affordability crisis, that dream is on life support and Ontarians want to see it prioritized by all political parties in the upcoming provincial election.
May 9, 2022
With the Canadian dream of home ownership on life support in Ontario, Ontario REALTORS® are calling on all political parties and candidates running in the 2022 Ontario election to prioritize housing policies that will ensure future generations have a shot at owning a home.
Apr 26, 2022
A new report from the Ontario Real Estate Association (OREA) is proposing to fight climate change by reducing GHG emissions in housing while helping keep more money in the pockets of Ontario’s homeowners.
Apr 19, 2022
The Government of Ontario introduced new rules today that will bring more transparency to the home buying and selling process. The changes will make real estate transactions more open by allowing home buyers to see information about other offers being made on a home, provided the seller and other parties consent.
Apr 7, 2022
It’s no question that increasing housing supply is the only solution to the housing affordability crisis. To help families achieve the Canadian dream of home ownership, the government needs to focus on building more homes that people can afford.
Apr 6, 2022
The Ontario Real Estate Association (OREA) has announced the election of Vaughan-based real estate broker, Tania Artenosi, as the 2022 President-Elect. Ms. Artenosi will also serve as Director-at-Large at OREA, representing the association’s members on the 2022 OREA Board of Directors.
Mar 30, 2022
The Government of Ontario recognizes the dire need to solve the housing affordability crisis. Today’s announcement of the More Homes for Everyone Act is another step in the right direction on housing supply from the Ford Government.
Mar 8, 2022
Observing International Women’s Day is so important for me. As a female in real estate and a leadership role at OREA, this day is particularly close to my heart.
Feb 22, 2022
Latest OREA poll shows nearly 90% of Ontario’s parents agree that it is more difficult to buy a home today compared to when they were their children's age
Feb 8, 2022
Young families across Ontario are facing historic barriers to home ownership and the problem is only getting worse. In fact, Canada has fewer housing units per capita out of all G7 countries, with Ontario standing out, needing over 650,000 additional housing units to have the same level of housing as the average in other provinces. In order to help address the housing affordability crisis, Ontario needs increased supply across the board, in homes that are owned, rentals, and supportive housing.
Jan 19, 2022
Ontario is one of the most unaffordable jurisdictions in the world for housing, and young families are losing hope that they’ll ever be able to afford the Canadian dream of home ownership. As the Ontario Housing Summit concludes, REALTORS® are calling on all levels of government to take immediate bold action to make housing more affordable for everyone.
Jan 11, 2022
OREA CEO Tim Hudak was named one of real estate’s most influential leaders and executives in North America again in the annual Swanepoel Power 200 (SP 200), released this week by T3 Sixty, the residential real estate brokerage industry’s leading management consulting and research firm.
Jan 10, 2022
Home ownership is expensive and is slipping further out of reach for too many Canadians. Canadian homeowners already pay a punishing land transfer tax when they get the keys to their home, as well as increasing property taxes every year. And now, they want you to pay even more.
Nov 25, 2021
Ontario is in the middle of a historic housing affordability crisis and young families are counting on all levels of government to work together to get more housing supply online and keep the dream of home ownership alive.
Nov 4, 2021
It’s no news to REALTORS® that Ontario is experiencing an unprecedented housing crisis. Housing supply is at historic lows, prices continue to increase dramatically year after year and the salaries of Ontario’s families are not keeping pace.
Oct 15, 2021
Buying a home is the largest, most complex financial transaction most Ontarians will ever make. Every day, consumers put their trust in Ontario REALTORS® to help guide them through the home buying and selling process.
Sep 29, 2021
The Government of Ontario needs to fix outdated zoning laws to allow conversion of detached properties into much-needed ‘missing middle’ townhomes
Sep 2, 2021
Ontario’s REALTORS® are thrilled to see housing affordability top-of-mind for all three major Federal Parties
Aug 24, 2021
The Ontario Real Estate Association is pleased to see housing affordability is a forefront election issue, with all three major federal parties putting ideas on the table to increase housing supply and bring the Canadian Dream of home ownership closer to reach.
Jul 13, 2021
New OREA poll outlines what the provincial government could do to make housing more affordable and keep young talent in Ontario
Jun 23, 2021
Buying a home is the largest, most complex transaction most Ontarians will ever make. When consumers invest their life savings into a home, they have a right to expect that throughout the process they are going to be protected from those who would violate their trust.
Jun 8, 2021
New OREA policy report shines a spotlight on the ten infrastructure projects needed to generate economic growth and sustained prosperity for Ontarians
May 26, 2021
As the third-wave of the pandemic continues to put pressure on the province’s already stretched shelter system, the Ontario Real Estate Association (OREA) today announced it is donating an additional $520,000, on top of the $480,000 donated one year ago, to Ontario shelters and shelter-based charities through the Ontario REALTORS Care® Foundation.
May 25, 2021
New research shows Ontario’s affordable home ownership crisis worsened by COVID-19 pandemic as buyers look for more space, bigger homes, but detached owners show reluctance to list
May 12, 2021
Ontarians, especially first-time buyers, are rightly concerned about rising home prices and a shortage of both new listings and new homes. Ontario’s 80,000 REALTORS® share these concerns and want to help create the next generation of Ontario homeowners.
Apr 19, 2021
We could all use a boost of positivity these days, and, according to new research, you may be able to find it by volunteering and giving back to your community. The study commissioned by the Ontario Real Estate Association (OREA) as part of the launch of its Real Heart initiative, found that 63% of Ontarians report feeling generally less happy because of COVID-19.
Mar 24, 2021
Today’s 2021 Ontario Budget continues to build upon the government’s investments in response to the COVID-19 pandemic by protecting people’s health and the economy. Specifically, the spring budget is acting on three OREA recommendations to use housing as the engine to drive the provincial recovery, support families, create jobs, and spur economic growth.
Mar 10, 2021
The Ontario Real Estate Association (OREA) has announced the election of London-based real estate broker Stacey Evoy, as the 2021 President-Elect. Ms. Evoy will also serve as Provincial Director for the Western Ontario Area at OREA, representing REALTORS® from Chatham-Kent, Grey Bruce Owen Sound, Huron Perth, London and St. Thomas, Sarnia-Lambton, Tillsonburg, Windsor-Essex County and Woodstock-Ingersoll on the 2021 OREA Board of Directors. The announcement follows the association’s annual general meeting on March 3, 2021.
Jan 28, 2021
A focus on pro-growth policies such as Opportunity Zones, High Speed Internet and Natural Gas Expansion can reverse small town decline, says new OREA report
Jan 13, 2021
OREA CEO Tim Hudak was named one of North American real estate’s most powerful and influential leaders and executives in the annual Swanepoel Power 200, released this week by T3 Sixty, the residential real estate brokerage industry’s leading management consulting and research firm. This is Hudak’s fourth appearance on the list.
Nov 5, 2020
Today’s 2020 Ontario Budget took strong steps towards protecting the health and safety of Ontario families while laying the groundwork for a strong economic recovery.
Oct 16, 2020
Today, the Ontario Government announced that open houses will be prohibited in Ottawa, Peel, Toronto and York Region
Oct 9, 2020
With cases in Ontario rising, we must continue to limit face-to-face interactions as much as possible and use virtual tools first and to the greatest extent possible.
Oct 1, 2020
A decade of hard work pays off with new PREC Regulation
Sep 25, 2020
It is a critical time for government representatives to focus on getting people back to work, putting more people on payrolls, and helping make life more affordable
Sep 21, 2020
New OREA policy report recommends government should focus on implementing growth-friendly policies to stimulate recovery, including a Land Transfer Tax holiday
Aug 17, 2020
As the provincial economy continues to recover from the impact of the COVID-19 pandemic, it is more important than ever that the Government of Ontario support those who are trying to invest in their businesses and create jobs in their communities.
Jul 30, 2020
As Toronto and Peel Region prepare to enter Stage Three of Ontario’s Framework for Reopening the Province, home buyers and sellers in these regions will once again be able to host and attend open houses
Jul 21, 2020
Ontario renters who are active in the real estate market are nearly twice as likely to express interest in buying a home due to the pandemic
Jul 17, 2020
With Ontario moving into Stage Three of its Framework for Reopening the Province, the big change for home buyers and sellers is the removal of government prohibitions on open houses.
Jul 15, 2020
Home buying is one of the largest financial, and most emotional, transactions Ontarians will make in their lives. Home buyers deserve the highest level of consumer protection when purchasing a home. And now more than ever, they should be confident that the home they put so much into is safe and built properly.
Jul 8, 2020
Creating jobs and helping families find an affordable place to live must be part of Ontario’s COVID-19 economic recovery. The Government of Ontario’s announcement today of legislation that will fast-track housing construction along transit lines will help hard working Ontarians rebound from the COVID-19 pandemic and bring more affordable housing to those who need it, along with better access to much-needed transit.
Jun 26, 2020
With Ontario moving into Stage Two of its Framework for Reopening the Province, many of the restrictions we have been living with since March are beginning to ease, and more businesses and services will be permitted to open, along with community, recreational and outdoor spaces. And, it is giving real estate buyers and sellers the confidence to come back into the market.
Jun 9, 2020
The COVID-19 pandemic is not only having an effect on the real estate market, but also on consumer perceptions according to research conducted by Nanos Research for the Ontario Real Estate Association’s new monthly Pulse Check on Consumer Attitudes.
Jun 6, 2020
The past week has been tremendously painful, eye-opening, and thought-provoking. The senseless and brutal killing of George Floyd, the latest tragic example of anti-Black violence by a police officer, has yet again brought to light the systemic racism that plagues our communities. Members of the Black community and communities of colour across Canada have for decades dealt with systemic racism, intolerance and police violence.
May 25, 2020
With the Ontario Government announcing stage one of its Framework for Reopening our Province, the Ontario Real Estate Association (OREA) has issued a series of guidelines to protect the health and safety of buyers, sellers and REALTORS® during the process of transacting a home.
May 12, 2020
As COVID-19 continues to put pressure on the province’s already stretched shelter system, the Ontario Real Estate Association (OREA) today announced it is donating $480,000 to Ontario shelters and shelter-based charities through the Ontario REALTORS Care® Foundation.
May 5, 2020
As reports surface of condominium buildings refusing to permit real estate showings during the COVID-19 pandemic, the Ontario Real Estate Association (OREA) is clarifying for REALTORS®, building managers, home buyers and sellers that real estate services are on the provincial government’s list of ‘essential services.’
Mar 31, 2020
Tomorrow is April 1st and rent cheques across Ontario are due. As President of OREA, I have heard from a large number of tenants and landlords, and the REALTORS® who serve them both, with concerns about how to navigate rental housing needs during the COVID-19 pandemic. I want to take this opportunity to speak directly to Ontario landlords, tenants and REALTORS®. I also have advice for the Government of Ontario.
Mar 24, 2020
The Ontario Real Estate Association (OREA) is urging Ontario’s REALTORS® to stop all face-to-face business, including open houses, agent and public office hours, and in-person showings, particularity of tenant-occupied homes, during the Province’s COVID-19 State of Emergency. In these unique situations, where a property listed for sale is occupied by tenants, the health and safety of those tenants, the Realtors and their clients is of utmost priority.
Mar 21, 2020
The Ontario Real Estate Association (OREA) is calling upon all Ontario REALTORS® to immediately stop holding open houses during the Province’s COVID-19 State of Emergency. As community leaders, Ontario Realtors need to do their part in protecting the health and safety of their clients and the general public. While open houses are a common real estate practise that help sellers achieve good value for their homes and educate potential buyers about a property, these factors are secondary to protecting the health of Ontarians and limiting the spread of COVID-19.
Mar 5, 2020
Ontario’s millennial and first-time home buyers are largely looking for detached and semi-detached primary homes – and not condos, according to new research conducted by Ipsos for the Ontario Real Estate Association’s first annual ‘Buyers and Sellers Research Report’.
Feb 27, 2020
In front of an audience of nearly a thousand REALTORS® at the Ontario Real Estate Association’s REALiTY Conference and AGM, OREA President Sean Morrison announced today, that the Ontario Government has passed the Trust in Real Estate Service Act, 2019 (TRESA).
Feb 26, 2020
Today, the Ontario Real Estate Association publicly announced its commitment to provide a one-time grant of $5 million to the Ontario REALTORS® Care Foundation – an organization that has been dedicated to supporting shelter-based organizations throughout Ontario since 1977 and receives their funding through the generosity of Ontario’s Realtors.
Tech, innovation and new business models are poised to disrupt the residential real estate industry in Canada, according to a new study by the Ontario Real Estate Association (OREA) and T3 Sixty, a real estate consulting, research and analysis company.
Feb 18, 2020
Building more homes closer to transit is good for the environment and families looking for an affordable place to live.
Feb 3, 2020
The Ontario Government’s Trust in Real Estate Services Act (TRESA) will ensure that the REALTOR® at your side during the largest financial transaction of your life has the highest professional standards, training and modern tools in North America.
Dec 11, 2019
“Ontario’s lack of housing supply is putting increasing pressure on many young families and millennials who are trying to break into the housing market, and on others – like seniors – who are looking for affordable home ownership options.
Dec 5, 2019
Buying or selling a home is one of the largest, most complex financial transactions Ontarians will ever make. Whether the home is new or resale, every home buyer and seller has a right to expect that their life savings will be protected.
Nov 26, 2019
Bill 145, the Trust in Real Estate Services Act, 2019 (TRESA), passed second reading last night in the Ontario Legislature with all Party support. Bill 145 proposes to amend the Real Estate & Business Brokers Act, 2002 (REBBA) to make Ontario a leader in North American when it comes to consumer protection, education and business tools in real estate.
Nov 19, 2019
The biggest financial transaction of one’s life – buying or selling a home – deserves the expertise of a REALTOR® with the highest professional standards, and that is what the Ontario Government delivered on today with its introduction of the Trust in Real Estate Services Act (TRESA).
Nov 6, 2019
Money laundering is a multibillion-dollar problem in Ontario’s housing market, crowding out hardworking families looking to achieve their dreams of one day owning a home. Ontario Realtors do not want to see a single dollar of dirty money in the Province’s housing market. Young families should not have to compete against drug dealers and corrupt officials to achieve their dreams of homeownership.
Sep 25, 2019
Home ownership rates in Canada are on the decline for the first time on record and young families are struggling to do what generations before them have done – buy a home.
Sep 23, 2019
With home ownership rates on the decline in Canada, it’s time for bold action to eliminate barriers faced by young families and Millennials looking to buy their first home.
Sep 11, 2019
Brampton Centre MPP and Ontario NDP Deputy Leader Sara Singh joined the Ontario Real Estate Association (OREA) yesterday for a roundtable discussion on housing and real estate in the region.
Aug 15, 2019
Ontarians believe that their municipal governments could be much more efficient with use of their funding, with about 7-in-10 agreeing that a lot more could be done to find savings and control spending.
Jul 30, 2019
The Ontario Real Estate Association (OREA) was joined today by the Honourable Steve Clark, Minister of Municipal Affairs and Housing, for a roundtable on housing and real estate in the Eastern Ontario region.
Jul 23, 2019
Congratulations once again on your appointment as Minister of Government and Consumer Services. We look forward to working with you in your new capacity. I hope one of the first things you do is fix the broken real estate disciplinary system in Ontario.
Jul 22, 2019
For too long, delays and red tape in the building approvals process have prevented much-needed housing supply from entering the marketplace, keeping millennials and young families from achieving their dreams of home ownership. Today, Ontario REALTORS are pleased to see the Government consulting on proposed changes to the Provincial Policy Statement (PPS) that will improve and accelerate the construction of more housing.
Jul 18, 2019
Canadians, especially young families looking to buy their first homes, are struggling to enter the market due to government-imposed barriers to home ownership. Ontario Realtors are calling for urgent action to reverse detrimental policy changes that deliberately and unnecessarily have made it harder for families to borrow responsibly in order to purchase a home.
Jun 6, 2019
For the first time in our lifetime, home ownership is on the decline across the country: there is simply not enough supply to meet demand. The Canadian Dream of home ownership has been slipping out of reach for thousands of families, millennials, and new Canadians.
May 2, 2019
Thousands of young families will sit down at their kitchen tables today pouring over their finances, struggling to figure out how they can achieve what generation after generation before them has done – buy a home.
Apr 29, 2019
As Ontario’s lack of housing supply continues to push home ownership further out of reach for young families and first-time home buyers, provincial housing experts are urging the Ontario Government to leverage the nearly 6,000 public lands across the Greater Golden Horseshoe for housing development opportunities.
Apr 12, 2019
Ontario REALTORS® help thousands of families every year have a memorable vacation by assisting with cottage, condo apartments and vacation homes short-term rentals. Vacationers who are looking for quality accommodations are well served when they work with a highly trained and professional REALTOR®.
Apr 8, 2019
In looking for ways to increase fairness in the home buying process, Ontario REALTORS® are recommending an end to “bully offers”, a practice that gives some buyers an unfair advantage when making an offer on a home.
Mar 7, 2019
With Ontario’s home ownership rates on the decline for the first time since Confederation, the Ontario Real Estate Association (OREA) and Ontario Home Builders’ Association (OHBA) are calling on the Provincial Government to take bold action.
Jan 31, 2019
Ontario REALTORS have brought forward bold ideas to bring the real estate rules into the 21st century to benefit the consumer, raise the bar on education, strengthen professional standards and hold those who break the rules to the highest level of discipline.
Jan 16, 2019
Thousands of families across Ontario are struggling to afford the Canadian Dream of home ownership. REALTORS® believe that Ontario’s housing affordability crisis calls for bold action.
Dec 6, 2018
Today, Ontario Realtors are pleased to see the Doug Ford government taking an important first step to improve and streamline our province’s land use planning approvals process, a move that will bring homes to market faster.
Nov 26, 2018
Today, we were pleased to welcome Premier Doug Ford as keynote speaker at OREA’s Ontario Realtor Party Conference. While speaking to over 400 real estate industry professionals, Premier Ford promised to continue to work to remove the barriers to home ownership and re-iterated that the government is ready to do their part to help Ontarians find an affordable place to call home.
Nov 15, 2018
Home ownership is a fundamental Canadian value and builds stronger communities. That is why OREA launched the Keep the Dream Alive campaign – to help create the next generation of Ontario home owners.
Oct 31, 2018
Ontario REALTORS® support the Government’s decision to repeal the Green Energy Act, 2009, specifically, Section 3 of the Act which mandated time-of-sale home energy audits and would force sellers to post the results on their property listings.
Oct 25, 2018
Today, Ontario REALTORS® are pleased to see bold action being taken by the Doug Ford Government to tackle the housing supply crisis that has left many young families struggling to achieve the Canadian Dream of home ownership.
Oct 12, 2018
Ontario Realtors have turned the mirror on their own industry to find ways to improve the home buying and selling experience for Ontarians.
Oct 10, 2018
Promising to create more housing supply was the first step, now industry leaders are calling on the Ford Government to put into action the solutions that will bring much-needed supply into the marketplace and make housing affordable for Millennials.
Sep 27, 2018
To trade in real estate, real estate professionals must follow a strict set of rules laid out in the Real Estate and Business Brokers Act (REBBA). Currently, there are some unlicensed real estate ‘consultants’ in Ontario operating outside of the rules designed to protect consumers, and that needs to change say Ontario Realtors in part one of a three-part report – Roadmap to a New REBBA: Making Ontario the North American Leader in Real Estate Professionalism – being shared with the Ontario Government today.
Sep 20, 2018
The Ontario Government’s decision to repeal the Green Energy Act has saved home owners thousands of dollars, by putting the brakes on a program that would have forced Ontario home sellers to conduct a mandatory home energy audit before selling their home.
Jun 20, 2018
Ontario Realtors are disappointed the federal government rejected the Senate recommendation that would have allowed provinces to ban home growth of cannabis. Provinces should have the ability to protect home owners and communities from the problems associated with former grow ops. Quebec and Manitoba have committed to standing firm on this issue and the ambiguity in the legislation has opened the door to court challenges. We look forward to working with Premier-Designate Ford to address Realtor concerns and ensure we protect Ontario homes and families.
May 31, 2018
York Region councillors are demanding new tax powers from the province, and they have their eyes set on the municipal land transfer tax (MLTT). If implemented, the tax would add over $15,000 to an average priced York Region home, impacting housing affordability for all home buyers and making the Canadian dream of home ownership less achievable for thousands of young buyers. This could set a dangerous precedent for housing affordability across the wider Greater Toronto Area and the rest of the province.
May 22, 2018
Over the next decade, 700,000 Millennials in the Greater Toronto and Hamilton Area (GTHA) will enter the housing market in search of their first home. According to the report – Millennials in the Greater Toronto and Hamilton Area: A Generation Stuck in Apartments? – released today by Ryerson University’s Centre for Urban Research & Land Development (CUR) and sponsored by the Ontario Real Estate Association (OREA), Millennials will represent the largest source of housing demand in the next ten years.
Apr 30, 2018
A year ago, the provincial government released a plan to help make home ownership more affordable, yet nearly 7-in-10 (68.5%) young Ontarians agree or somewhat agree that home ownership is unaffordable in their neighbourhood, shows new research from Nanos Research Corporation for the Ontario Real Estate Association (OREA).
Apr 20, 2018
Today marks the one-year anniversary of the Ontario Government’s Fair Housing Plan. Unfortunately, the plan has not accomplished the task of making home ownership available and affordable for the next generation of home owners. Millennials and young families understand that home ownership is a smart investment and they are desperate to purchase their first home.
Apr 9, 2018
Growing marijuana in a home can pose significant health and safety issues for unsuspecting home buyers. With the legalization of marijuana looming, there are no rules in place to protect a home buyer from purchasing a former grow operation. In its Action Plan for Cannabis Legalization released today, the Ontario Real Estate Association (OREA) is urging the Provincial Government to bring forward measures that will ensure home buyers are protected from the health and safety risks associated with former grow ops.
Mar 11, 2018
On behalf of the Ontario Real Estate Association, we would like to offer our congratulations to Doug Ford, the new leader of the Ontario Progressive Conservative Party, on his victory yesterday
Feb 28, 2018
Toronto, ON, February 28, 2018 – Over 900 Realtors and others interested in real estate trends will be attending the REALiTY Conference today and tomorrow to hear from industry experts and disruptors about the latest changes affecting their business. REALiTY is the first Conference of its kind to be hosted by the Ontario Real Estate Association (OREA) in an effort to connect Realtors with the leaders and tools driving change in the real estate business and their profession.
Feb 1, 2018
TORONTO, ON, February 1, 2018 – Fifteen years ago the Real Estate and Business Brokers Act, 2002 (REBBA) set the bar for professional standards, and now the Ontario Real Estate Association (OREA) is calling for that bar to be raised to reflect modern practices in the current marketplace in its fourth and final white paper published today: Leading North America Once Again: Pursuing the Highest Standards of Professionalism and Ethics in Real Estate.
Dec 19, 2017
They might not agree on everything, but when it comes to home ownership being a challenge for younger buyers, Ontarians of all ages concur. In a survey conducted by Nanos Research for the Ontario Real Estate Association, 9-in-10 Ontarians aged 30 to 39 (91%) and 88% of those 60 plus, agree or somewhat agree that owning one’s own home is more difficult for young people now than it used to be.
Dec 13, 2017
“Ontario REALTORS® are very pleased to see phase one of our proposals for modernizing the rules that govern our industry become law. This legislation provides greater transparency for consumers and protects their right to work with the REALTOR® of their choice."
Nov 25, 2017
REALTORS® are very pleased to see Patrick Brown and the Ontario Progressive Conservatives focus on affordable home ownership in their 2018 election platform. Their policy ideas on housing show that they have done their homework.
Nov 21, 2017
REALTORS® all across the province congregated in Toronto yesterday for the 2017 Ontario REALTOR® Party Conference (ORPC) hosted by the Ontario Real Estate Association (OREA), to stand up for home ownership and property rights, and meet with their local MPPs.
Nov 13, 2017
Affordable home ownership is one of the most important issues facing young people and families today. That is why Ontario REALTORS® are encouraged with today’s release of the provincial government’s Development Approval Roundtable Action Plan.
Nov 2, 2017
The Ontario Real Estate Association (OREA) is calling for a strengthened real estate education program in its third white paper published today, 'Working Towards Excellence: A Forward Looking Plan for Real Estate Registration Education'.
Nov 1, 2017
"Today, Ontario REALTORS® are pleased to see real action being taken by the Provincial government and City of Toronto to tackle the housing supply crisis that has left many young families struggling to achieve home ownership."
Oct 17, 2017
“In the last six months, Ontario’s real estate market has borne the brunt of government intervention after intervention. From a new stress test to an increase in land transfer taxes, rising interest rates and Ontario’s Fair Housing Plan, governments at all levels are piling on new regulation and taxes to try and cool the market. As a result, sales activity in the Greater Golden Horseshoe has slowed."
Oct 5, 2017
Ontario REALTORS® are commending the Government of Ontario for introducing real estate legislation that, if passed, will implement North America leading rules in the province around how real estate professionals can represent consumers.
Oct 3, 2017
“Ontario REALTORS® commend the Canadian Mortgage and Housing Corporation for today’s commitment to reduce red tape for self-employed entrepreneurs and new immigrants looking to buy homes."
Sep 26, 2017
Today, OREA commends the Ontario government for answering our call to create a task force that will unlock housing supply and address home affordability.
Aug 23, 2017
Legal Forum, the popular online resource for Ontario’s REALTORS®, has answered its 6,000th question. We talk to users and remember OREA's legal consultant, Merv Burgard.
Aug 22, 2017
Today, the Ontario Real Estate Association’s (OREA) REBBA Review Task Force launched its first White Paper – Better Enforcement and a Regulator that Works – as part of its continued effort to make Ontario a leader in North America when it comes to professional standards in the real estate industry.
Jul 12, 2017
“A Bank of Canada rate hike will increase the costs of new mortgages and home equity lines of credit. With this increase in interest rates and the recent Ontario Government Fair Housing Plan, governments need to be very cautious about the cumulative impact of intervention in the housing market going forward."
Jul 5, 2017
Back in March, the Ontario Real Estate Association together with the Ontario Home Builders’ Association urged the Provincial Government to create a housing experts task force to provide ideas for increasing housing supply in Ontario. The Government responded, and today OREA’s president Ettore Cardarelli is participating in the expert housing forum.
Jul 4, 2017
“We are pleased to see the government collecting and publishing these numbers. It is always important for public officials to make policy decisions informed by good data. Today’s release of foreign buyers’ data reiterates the findings found by the Toronto Real Estate Board from earlier this year."
Jun 29, 2017
A large majority of Ontarians born outside of Canada say that home ownership is important to them (80%), slightly outweighing those born in Canada by five points (75%), shows new research from Ipsos for the Ontario Home Ownership Index
Jun 28, 2017
We commend all three levels of government for coming together and addressing one of the biggest obstacles facing today’s home buyers – a lack of housing supply.
Jun 21, 2017
Nearly half of Ontarians (47%) will spend Canada’s 150th birthday at home, followed by 15% who say they will spend it at a community event/festival, according to research by Ipsos for the Ontario Real Estate Association (OREA).
Jun 13, 2017
A large majority of Ontarians, 81%, support the introduction of a 15% Non-Resident Speculation Tax (NRST) on home purchasers who are not Canadian citizens or permanent residents, shows new research conducted by Ipsos and commissioned by the Ontario Real Estate Association (OREA), Ontario Home Builders’ Association (OHBA) and Federation of Rental-Housing Providers of Ontario (FRPO).
Jun 12, 2017
Ontario political parties should address home affordability in their 2018 election platforms, according to 85% of Ontarians in new research conducted by Ipsos and commissioned by the Ontario Real Estate Association (OREA), Ontario Home Builders’ Association (OHBA) and Federation of Rental-Housing Providers of Ontario (FRPO).
May 18, 2017
“Over the past few months, we’ve met with government bringing forth a number of ideas to ensure the dream of homeownership stays within reach for Ontarians. We’re pleased to see there's a focus on increasing housing supply and more choice on types of housing."
May 3, 2017
"It is too early to tell if the Fair Housing Plan has had an immediate impact. The government had some good ideas for increasing supply in its Plan and Budget. We encourage them to proceed aggressively on those commitments."
Apr 27, 2017
"We put a number of pro-home ownership proposals before Premier Wynne and Finance Minister Sousa and we’re very pleased to see those ideas reflected in today’s Budget."
Apr 20, 2017
“Our goal as Realtors is to keep the dream of home ownership within reach for millennials, first-time home buyers and young families. We had over a dozen meetings with Premier Wynne, Finance Minister Sousa, the Honourable Tracy MacCharles, Housing Minister Chris Ballard and other senior staff to bring our ideas on home affordability forward. We’re pleased to see that the government has listened."
Apr 18, 2017
“Today’s meeting was a very good opportunity for all three levels of government to share and review each other’s real estate data. It is surprising and risky that we do not have a single, trusted, collective source of real estate data to help guide policy decision making."
Apr 13, 2017
"Taking a hard look at unfair practices that limit choices and increasing the number of listings in the marketplace will help preserve the dream of finding a place to call home for young families."
Apr 12, 2017
“It’s good to see Premier Wynne and GTHA mayors coming together today to discuss housing affordability. Focused and coordinated leadership at the provincial and municipal level can make a real difference in preserving the Canadian dream of affordable home ownership."
Apr 10, 2017
“OREA is pleased to hear that Bill 59 passed in the Ontario Legislature which will license home inspectors and regulate the home inspection industry."
Apr 9, 2017
“I commend Ontario PC Leader Patrick Brown and Ontario PC Municipal Affairs and Housing Critic Ernie Hardeman for ‘ringing alarm bells’ about the provinces’ home affordability crisis."
Apr 4, 2017
The OREA Real Estate College will no longer be offering educational courses for real estate professionals in Ontario after December 31, 2020. The new provider of the Registration Education Program is the consortium of Humber College Institute of Technology & Advanced Learning (Humber College) and NIIT Canada.
Mar 31, 2017
The sole provider of real estate education in Ontario, the OREA Real Estate College announced today it will no longer be offering educational courses for real estate professionals in the province after 2020.
Mar 23, 2017
Ontario Realtors are one step closer to being able to form personal real estate corporations (PRECs) under Bill 104, the Tax Fairness for Realtors Act, 2017. The Bill passed second reading today.
Mar 14, 2017
Ontario REALTORS® are launching a campaign today in support of Bill 104, the Tax Fairness for Realtors Act, 2017. If passed, Bill 104 would permit Realtors to form personal real estate corporations.
Mar 6, 2017
“Create a task force to nail down solutions to the growing housing supply problem,” say Ontario’s housing sector experts.
Mar 2, 2017
Change is on its way for Ontario’s 70,000 Realtors. Ontario Real Estate Association (OREA) President Ettore Cardarelli, Immediate Past-President Ray Ferris, and CEO Tim Hudak addressed a packed room of over 300 OREA members and outlined the fresh direction for the Association.
Feb 21, 2017
Ontario Realtors are before the Standing Committee on Social Policy today commending the Ontario government for the licensing and regulation of home inspectors in Ontario through Bill 59, Putting Consumers First Act, 2016.
Feb 9, 2017
As populations in Ontario’s largest cities grow and housing supply dwindles, Ontario Realtors are asking, where are people supposed to live?
Jan 27, 2017
As of January 1, Ontario’s first-time home buyers are eligible to receive a $4,000 land transfer tax rebate, an increase of $2,000.
Jan 18, 2017
The best way to ensure millennials have a good shot at achieving the Canadian dream of home ownership is by putting more homes on the market.
Jan 17, 2017
As of January 1, Ontario’s first-time home buyers are eligible to receive a $4,000 land transfer tax rebate, an increase of $2,000. In cities where the average price of a home is $368,000 or less, the new rebate exempts buyers from paying the tax altogether.
Jan 10, 2017
Finding an affordable home in Toronto is becoming a CN Tower-sized challenge for many young families and it could get worse if Toronto City Council increases the Toronto Land Transfer Tax (LTT).
Jan 6, 2017
Eight-in-ten (79%) first-time home buyers in Ontario say that the federal government’s new, more stringent mortgage rules will throw a wrench into their home buying plans.
Dec 20, 2016
Perceptions of real estate markets in Ontario remain strong according to new research from the Ontario Real Estate Association (OREA). More than half of Ontarians (55%) say the current residential real estate market in their neighbourhood is favourable, up 5 points from a year ago.
Dec 1, 2016
First-time home buyers will pay more tax on an average priced Toronto home if City Council approves changes to the Toronto Land Transfer Tax (LTT).
Nov 22, 2016
The Ontario Real Estate Association (OREA) and the Toronto Real Estate Board (TREB) met with Premier Kathleen Wynne this week to discuss housing affordability.
Nov 16, 2016
Minister Bill Mauro announced today that Ontario municipalities will not be getting new revenue tools including a municipal land transfer tax (MLTT).
Nov 14, 2016
New LTT rebate will help more young families achieve their dreams of home ownership.
Nov 4, 2016
OREA strongly condemns the unethical behaviour exposed in a recent media report
Nov 3, 2016
Ontario Real Estate Association supports new legislation that will better protect consumers against unscrupulous home inspectors
Oct 5, 2016
The fall may not be as busy as spring for cottage buying, but it still brings out the buyers shows new research from the Ontario Real Estate Association (OREA).
Aug 9, 2016
The Ontario Real Estate Association (OREA) today announced that its Board of Directors has appointed Tim Hudak as Chief Executive Officer, effective later this year.
Aug 3, 2016
More of Ontario’s younger generations are likely to buy a home in the next two years, shows new research from the Ontario Real Estate Association (OREA).
Jul 13, 2016
Half of Ontarians (49%) Say Neighbourhood Real Estate Market is Stronger than Last Year; 48% Say it will Strengthen in the Next Year.
Jul 6, 2016
A group of Ontario motorcycle-riding Realtors will roll out of town today as part of the 11th annual Motorcycle Ride for Charity. Riders started in Newmarket and will end in Sudbury, with stops along the way to help raise funds for the Ontario REALTORS Care® Foundation.
May 4, 2016
An advocacy campaign organized by the Ontario Real Estate Association (OREA) to stop the spread of the municipal land transfer tax beyond Toronto has won a gold ACE Award from the Canadian Public Relations Society, Toronto chapter. The campaign, “Say No to Another Home Owner Tax: Don’t Tax My Dream” was recognized in the category of Government Relations/Public Affairs Campaign of the Year.
Feb 4, 2016
The province is investing $100 million from the Ontario Green Investment Fund to provide rebates for home owners who conduct an energy audit on their property and then complete retrofits recommended by the auditor.
Jan 14, 2016
Residential real estate markets are stronger now than they were a year ago, said 40 per cent of Ontarians about their respective cities, up from 33 per cent last year, according to the Ontario Home Ownership Index, a semi-annual survey by the Ontario Real Estate Association (OREA).
Dec 1, 2015
MP Ted McMeekin says the government will not be extending the Municipal Land Transfer Tax power to Ontario municipalities outside of Toronto.
Nov 3, 2015
Simple legislative motion will give MPPs the opportunity to vote “yes” or “no” to higher taxes
Oct 27, 2015
Provincial government looking to extend power to all municipalities to charge unfair, unsustainable Municipal Land Transfer Tax despite public opposition and election promise
Sep 16, 2015
A large majority of Ontarians – three out of four – planning to buy a home in the next two years say that the listing price has a big impact on whether they want to see more of a home, shows new research from the Ontario Real Estate Association (OREA).
Aug 11, 2015
More say real estate markets in GTA are stronger now than last year, will be stronger in the future
Jul 23, 2015
More Ontarians now have a favourable opinion of the real estate market in their local city or town, according to the Ontario Home Ownership Index, a bi-annual research study commissioned by the Ontario Real Estate Association (OREA) and conducted by Ipsos Reid.
Jul 8, 2015
A group of motorcycle-riding Realtors burned out of the Ontario Real Estate Association’s parking lot today in support of the 10th annual Motorcycle Ride for Charity.
Jun 29, 2015
The Government of Ontario has announced that real estate consumers will be permitted to use electronic signatures on real estate agreements of purchase and sale (APS) as of July 1st, 2015.
Feb 26, 2015
The Ontario Real Estate Association (OREA) applauds the re-introduction of legislation which will bring fairness to the tax treatment of Ontario Realtors.
Dec 23, 2014
Six-in-ten (59%) Ontarians say the state of their city’s economy is “good” right now, up from 53% this time last year, according to the Ontario Home Ownership Index, a bi-annual research study commissioned by the Ontario Real Estate Association (OREA) and conducted by Ipsos Reid.
Dec 9, 2014
The holiday hustle will not interfere with real estate shopping this month according to new research from the Ontario Real Estate Association (OREA), which found that two in three (64%) Ontarians in the market to buy a home plan to continue their search over the holidays.
Sep 18, 2014
New research by the Ontario Real Estate Association (OREA) shows a significant loss of jobs and economic activity in Mississauga, London, Hamilton, Ottawa and Thunder Bay if a second (municipal) land transfer tax were imposed on local home buyers.
Jul 29, 2014
Ontarians planning to buy a home in the next two years say they will create a budget to help save for a down-payment (40%), followed by cut costs (36%) and earn more money (36%), according to new research from the Ontario Real Estate Association (OREA).
Jul 10, 2014
A quarter of Ontarians (28%) planning to buy a home in the next two years say they plan to purchase a condo/apartment, with the majority (59%) saying they will buy a detached house, according to new research from the Ontario Real Estate Association (OREA).
Apr 29, 2014
New research released today by the Ontario Real Estate Association (OREA) shows a massive loss of economic activity in the City of Toronto and a corresponding loss of thousands of jobs due to the Municipal Land Transfer Tax (MLTT), imposed in Toronto in 2008.
Apr 10, 2014
The Ontario Real Estate Association (OREA) applauds the introduction of new legislation which will bring fairness to the tax treatment of Ontario Realtors. Introduced by Prince Edward--Hastings MPP Todd Smith, the Tax Fairness for Realtors Act, 2014 will allow real estate salespeople to form personal corporations. The Real Estate and Business Brokers Act, 2002 (REBBA), prevents real estate salespeople from operating their business through a personal real estate corporation (PREC).
Feb 3, 2014
The importance of homeownership ranks high among Ontario’s younger generations – 77% of Generation Y and 79% of Generation X say it is important to them, according to new research conducted by Ipsos Reid on behalf of the Ontario Real Estate Association (OREA).
Jan 27, 2014
Ontario Real Estate Association supports the Minister of Consumer Services in her efforts to improve consumer protection in the real estate marketplace.
Dec 23, 2013
Ontarians seem hopeful about the provincial real estate market, according to new research conducted by Ipsos Reid on behalf of the Ontario Real Estate Association (OREA.
Nov 26, 2013
TORONTO, November 26, 2013 – The Ontario Real Estate Association (OREA) kicks off its 2013 Political Affairs Conference (PAC) today at Toronto’s Courtyard Marriott Hotel. The three day event, featuring prominent politicians, journalists and commentators offers Ontario REALTORS® a unique opportunity to connect with their MPPs, enhance their understanding of provincial issues, exchange ideas and create dialogue on matters that affect the real estate industry.
Nov 15, 2013
TORONTO, November 15, 2013 – The Ontario Real Estate Association (OREA) Centre for Leadership Development has received a silver award from the Canadian Society for Training and Development (CSTD) for its work in developing Nimble Decision Making, a course designed to empower real estate volunteer leaders to make timely and decisive decisions in a fast-paced, evolving business. The team behind the course was honoured at CSTD’s Annual Canadian Awards for Training Excellence gala event held on November 14, 2013.
Jul 2, 2013
The Ontario Real Estate Association and the Ontario REALTORS Care Foundation have announced a combined donation of $40,000 to the Alberta Floods Fund on behalf of Ontario REALTORS®.
Jun 12, 2013
The Ontario Real Estate Association (OREA) applauds the passage of the 2013 provincial budget that contains provisions which will bring electronic real estate agreements of purchase and sale one step closer to reality in Ontario.
Jun 10, 2013
On July 10th and 11th motorcyclists from across the province will be hitting the open road to raise money for homeless shelters and charities across Ontario
Apr 19, 2013
The Georgian Triangle Association of REALTORS® and the Southern Georgian Bay Real Estate Association have announced their merger, following a membership vote on April 17, 2013.
Mar 7, 2013
The Ontario Real Estate Association (OREA) and its member REALTORS® applaud the tabling of the Clandestine Drug Operation Prevention Act, 2013, introduced today by MPP Lisa MacLeod (Nepean-Carleton) to establish a marijuana grow operations (MGOs) and clandestine drug laboratory registry.
Mar 6, 2013
The Ontario Real Estate Association (OREA) applauds proposed legislation introduced today at Queen’s Park that, if passed, would facilitate the use of electronic agreements of purchase and sale of real estate. Currently, Ontario REALTORS® are reluctant to use electronic agreements of purchase and sale because they are exempt from the legal protections afforded by the Electronic Commerce Act, 2000
Sep 6, 2012
Beyond worrying about the state of the real estate market, a new survey from the Ontario Real Estate Association (OREA) shows that Ontarians' top concerns when selling a home are understanding the process and the legal documents required in a sale, fixing up the home in order to list and the number of days on the market before it sells.
Aug 15, 2012
Safety, perceived value and a location close to shopping or transportation are the most important factors Ontarians consider when buying a home.
Jul 24, 2012
According to new research commissioned by the Ontario Real Estate Association, the majority of Ontarians would start to feel anxious if their home was still on the market after 45 days or more, while many admit they would start feeling uneasy after only 30 days.
May 29, 2012
In order to avoid legal setbacks, costly mistakes and unnecessary stress, Ontario’s Realtors recommend homebuyers look into potential municipal bylaws that could affect future home plans.
Dec 16, 2011
Ontario REALTORS® made a significant contribution in support of human rights with a donation of $55,000 to the Canadian Museum of Human Rights in Winnipeg. The Ontario Real Estate Association (OREA) joins the real estate community around the country contributing to this important institution.
Dec 13, 2011
According to a recent RBC report, the number of homes for sale in Ontario is on the rise and affordability province-wide is stable. The rush to buy with more available homes on the market could mean more mistakes made by consumers.
Dec 5, 2011
Of the more than 120,000 Ontarians who used a Realtor to buy or sell a home last year, many did so without fully understanding the expertise and skills Realtors provide, finds a new Ontario Real Estate Association (OREA) survey. Conducted by Leger Marketing, the survey reveals that only 10 per cent of Ontarians who have used a Realtor know that Realtors are trained in environmental issues, and even fewer (six per cent) are aware that family law is part of a Realtor’s education.
Nov 10, 2011
With the average price of Ontario homes on the rise to almost $360,000, and higher in some cities, the Ontario Real Estate Association (OREA) recommends potential homebuyers look beyond “turn-key” properties that are move in ready and consider homes that are in need of renovation.
Oct 26, 2011
An Ontario Real Estate Association (OREA) survey reveals that confusion about the Harmonized Sales Tax (HST) and buying a resale home has not decreased in the last year despite efforts by the provincial government and real estate industry to educate the public.
Oct 3, 2011
With misconceptions about Realtors' commissions affecting how people feel about buying or selling a home on their own, the Ontario Real Estate Association (OREA) wants to advise consumers that Realtors' commissions and contracts are negotiable - and always have been.
Sep 19, 2011
One Ontario political party has announced its intention of creating a public registry of houses used for grow-ops and meth labs, an idea endorsed by the Ontario Real Estate Association (OREA).
Aug 22, 2011
Couples engaged in contested family court cases will soon have to attend mandatory information programs, which will include information about the effects of separation and divorce on families and ways to resolve their issues - including decisions about the matrimonial home - through ways other than going to court.
Jul 11, 2011
Selling your home during the summer months allows you to showcase it it its best light.
Apr 20, 2011
The dream of home ownership is alive and well among Ontario renters, with 70 per cent reporting that they would like to buy at some point in the future, according to a poll released today by the Ontario Real Estate Association (OREA).
Mar 21, 2011
Revenue Minister Sophia Aggelonitis and Ontario Real Estate Association Immediate Past President, Dorothy Mason, today released a video explaining to prospective buyers the facts about the HST and the housing market.
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