Systems maintenance

We will be performing scheduled maintenance from Friday, September 24, 1:00 p.m. to Monday, September 27, 8:30 a.m. ET. During that time, the OREA.com website will not be available. We apologize for the inconvenience.

Log in as a…


Login

NEW!

We’ve partnered with CREA to help improve your member experience and give your information the best security possible.

You will be returned to OREA once you have successfully logged in.

Login as a Member

We can help

articleimage

August 24, 2021

Liberal Housing Plan to Criminalize Hardworking Families

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.

However, one aspect of the Liberal Party of Canada’s housing plan would criminalize the ability for hardworking Canadians to choose how to sell their homes, by regulating real estate practices through the criminal code. You cannot fix Canada’s housing crisis by denying millions of hardworking families the choice of how to sell their home and by pitting homeowners against buyers. In fact, this plan would have the opposite effect – negatively impacting Canada’s housing market and making home ownership even more unaffordable.

People are rightly concerned about rising home prices and the shortage of new listings and new homes, especially in Ontario. But the current landscape of bidding wars across Canada’s housing market is emblematic of a much larger issue: there is simply not enough supply to meet demand, leading to multiple offer situations and higher home prices.

That is why it is so concerning that the Liberal Party of Canada believes that buying and selling homes — already one of the most stressful experiences in life — should be done entirely through auctions. If a senior or a family used the traditional offer process, they would be a criminal under the Liberal plan.

Open auctions are the norm in Australia and New Zealand, where sellers overwhelmingly choose to use an open process. Auction fever creates a three-ring circus on front lawns, as hopeful buyers crowd in front of a home with a live auctioneer, or online, and the bidding begins. Far from making homes more affordable, auctions can drive prices higher, and dangerously push buyers to make rushed decisions involving tens of thousands of dollars in just minutes.

Ontario’s families deserve choice. A home is a family's greatest asset – it’s where they raise their families, how they save for retirement, and consumers should be in the driver's seat when the time comes to sell.”

— David Oikle, President, Ontario Real Estate Association

-30-


For more information contact:

Ontario Real Estate Association

Jean-Adrien Delicano

Specialist, Media Relations

JeanAdrienD@orea.com

416-459-6059


More News & Press Releases

articleimage

2021 Federal Election Shines A Light On Canada’s Housing Affordability Crisis

Ontario’s REALTORS® are thrilled to see housing affordability top-of-mind for all three major Federal Parties

Read More
articleimage

Nearly Half of Prospective Home Buyers Under 45 Have Considered or Are Considering Moving Out of Ontario Due to Housing Affordability

New OREA poll outlines what the provincial government could do to make housing more affordable and keep young talent in Ontario

Read More
articleimage

OREA Statement on New Protections for Buyers and Sellers of New Homes

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.

Read More
Back to News & Press Releases
To MP Survey
OREA Contract