Holiday Closure

The OREA office will be closed for the holiday on Monday, February 18th. Normal business hours will resume on Tuesday.

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

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

July 12, 2017

Statement from CEO Tim Hudak on Bank of Canada interest rate increase

“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. With both sales and prices slipping recently in the GTA, federal, provincial and municipal governments should think carefully about further measures to reduce demand for housing.

Recently, new mortgage stress tests for all uninsured mortgages have been floated by the Office of the Superintendent of Financial Institutions (OSFI). That would be on top of the mortgage stress test announced last fall that requires any home buyer applying for an insured mortgage to qualify at a higher rate. Toronto increased the land transfer tax in 2017. There’s speculation that the federal government might change or eliminate the capital gains tax exemption on principal residences, reducing an owner’s profit on the sale of their home.

It’s time for governments to hit the pause button on more demand side policy interventions and take a wait and see approach.

Ontario REALTORS® would like to see governments put more focus on bringing more supply into the market, specifically ‘missing middle’ type housing like townhomes, stacked townhomes and duplexes and speeding up the housing approvals process. The best long-term solution to give growing families and millennials a shot at affordable home ownership is to increase housing supply and choice in the marketplace.”

- Tim Hudak, CEO for the Ontario Real Estate Association

-30-

About the Ontario Real Estate Association
The Ontario Real Estate Association represents 70,000 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 CEO Tim Hudak Statement on the Province’s Consultations to Modernize Real Estate Act

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.

Read More
articleimage

Statement from OREA President, David Reid, on Proposed Amendment to the Growth Plan for the Greater Golden Horseshoe, 2017

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.

Read More
articleimage

Statement from Tim Hudak on the Government's Proposed Planning Act Changes to Reduce Red Tape

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.

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