The College is Closing

The OREA Real Estate College will cease to operate on December 31, 2020. Find out how the closing will affect admissions and the deadline to complete programs.

2019 course sessions are now available for enrolment

The OREA Real Estate College is pleased to announce the availability of 2019 course sessions for Registration Education courses. Detailed course information is available on the Course Calendar page of the OREA website, or by contacting the College at 416-391-6732 or 866-411-6732.

Log in as a…


Login


Login

We can help

articleimage

November 16, 2016

No new MLTT for Ontario municipalities

Minister Bill Mauro announced today that Ontario municipalities will not be getting new revenue tools including a municipal land transfer tax (MLTT). The announcement comes with the introduction of amendments to the Municipal Act and follows a commitment by the province in December 2015 to not give municipalities MLTT powers.

“Today’s announcement is good news for Ontario home buyers,” said Ray Ferris, president of the Ontario Real Estate Association (OREA). “The dream of home ownership is a growing challenge for many Ontarians. A second land transfer tax would have made things a lot more difficult.”

Toronto is the only municipality that has MLTT powers. The province was under pressure from mayors outside the GTA to extend the same powers to other municipalities. A buyer of an average priced Toronto home pays $15,000 in land transfer taxes.

Today’s announcement from Minister Mauro follows the province’s commitment in the Fall Economic Statement to double the land transfer tax rebate for first-time home buyers. The new rebate will provide up to $4,000 in tax relief to first-time buyers.

“An MLTT would have forced home buyers to pay $10,000 in total land transfer taxes,” said Tim Hudak, CEO Designate at OREA. “Young families need more help to become home owners, not new taxes.”

“We look forward to working with Minister Mauro and his government to continue to make home ownership more affordable for Ontarians,” said Hudak.

About OREA
Representing the 67,800 real estate brokers and salespeople members of Ontario’s 40 real estate boards, the Ontario Real Estate Association (OREA) serves its members through advocacy, educational programs and special services. www.orea.com.


For more information contact:

Katarina Markovinovic-Praljak

Head of Communications & Media Relations

katarinam@orea.com


More News & Press Releases

articleimage

Statement from OREA CEO Tim Hudak on repeal of the Green Energy Act

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.

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