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.

Beyond 2020, OREA will continue to provide services to members, real estate boards and associations across the province.

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

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October 17, 2017

OREA statement: New OSFI rules just add to pile on

“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.

While REALTORS® support a sensibly regulated real estate market, OSFI’s new stress test for uninsured mortgages is overkill. These changes will hurt middle class families and punish careful savers the most, forcing them to take on more debt and higher interest payments.

It’s time for governments to hit the brakes on more demand side policy interventions and take a wait and see approach. Ontario’s housing market is too important to the provincial economy to move ahead with unnecessary regulation that will hurt the dream of home ownership.

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. 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 – Ontario Real Estate Association


For more information contact:

Katarina Markovinovic-Praljak

Head of Communications & Media Relations

katarinam@orea.com


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