Deadline for Admissions

  • Admissions documents for The Salesperson Registration Education Program must be received by the OREA Real Estate College no later than April 30, 2019
  • The Admissions Test (if applicable) must be successfully completed on or before April 30, 2019
  • Admissions to The Broker Registration Education Program will not be accepted after April 30, 2019
  • No exceptions or extensions will be permitted

Deadline to complete Programs

  • All course requirements for The Salesperson Registration Education Program and The Broker Registration Education Program must be completed on or before November 28, 2020. This includes examinations and examination rewrites (if applicable)
  • No exceptions or extensions will be permitted
  • NOTE: RECO will accept the articling course completed before or after registration as a salesperson

The OREA Real Estate College will cease to operate on December 31, 2020

Log in as a…


Login


Login

We can help

articleimage

January 10, 2017

OREA to Mayor John Tory: “Make Toronto More Affordable for Young Families”

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). Representatives from the Ontario Real Estate Association (OREA) presented at today’s Toronto Budget Committee meeting, where they urged City Council to reject a proposal by city staff to increase the Toronto LTT.

“Toronto City Council has an opportunity to take action to support more affordable home ownership in our city,” said Tim Hudak, OREA CEO. “Today, home prices are at record highs and new listings are at record lows. It’s become so much harder for first-time home buyers and young families to break into the market. A proposed tax increase could not come at a worse time.”

On the average priced Toronto home, a first-time home buyer pays over $15,000 in taxes to the city and the province. As part of the 2017 budget, city staff are proposing to hike the local LTT. The staff proposal would impose over $85 million in new taxes on home buyers with first-time home buyers paying almost $500 more in LTT on an average priced home.

“Ultimately, Toronto needs to roll back the LTT or, at the very least, not make this punishing tax even worse,” said Hudak. “Voting down the proposal to increase the LTT is a good first step but I encourage Council to go even further. To start, Toronto should follow Ontario’s lead and double the city land transfer tax rebate for first-time home buyers.”

As of January 1, 2017, Premier Wynne doubled the provincial land transfer tax rebate program meaning that first-time home buyers receive up to $4,000 in land transfer tax relief. If the City matched the provincial relief, first-time buyers in Toronto would see up to $12,000 in tax savings. Unfortunately, Toronto is proposing to swipe up to 25 per cent of the provincial savings out of the pockets of young couples and put it into city coffers instead.

“Toronto is a great place to live, work and raise a family; for generations, it’s where thousands of young people got their start in life,” said OREA president Ray Ferris. “Research has demonstrated the LTT has discouraged economic activity and reduced listings since all home sellers know they have to pay the tax on their next purchase. Reducing the LTT will help alleviate the housing supply shortage by bringing much needed housing stock on the market.”

Ontario Realtors suggest that Toronto work with the province to encourage the building of a greater range of housing types, namely townhomes, duplexes and stacked townhomes. Building more of these units would give a growing family more affordable options for staying in Toronto and baby-boomers more options for ‘right sizing’ out of their large detached homes.

About the Ontario Real Estate Association

The Ontario Real Estate Association represents 67,800 brokers and salespeople who are members of the 39 real estate boards throughout the province. OREA serves its REALTOR® members through a wide variety of professional publications, educational programs, advocacy, and other services. www.OREA.com


For more information contact:

Katarina Markovinovic-Praljak

Head of Communications & Media Relations

katarinam@orea.com


More News & Press Releases

articleimage

OREA Statement on Federal Government’s Refusal to Allow Provinces the Ability to Ban Home Growth of Cannabis

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.

Read More
articleimage

York region politicians want a new municipal land transfer tax grab on home ownership

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.

Read More
articleimage

700,000 Millennials looking to move out of their parents’ basement in the next decade, new research shows

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.

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