Blog
Ontario proposes new powers to allow cities to expand boundaries for housing
Ontario is proposing to allow municipalities to expand their settlement boundaries more quickly and easily in order to open up more land for housing.Click here to read more.
Ontario proposes “cooling-off period” for new home sales
The Ontario government is seeking public input on a new cooling-off period for buyers of new freehold homes, a move it says would provide greater protections for consumers in the province’s housing market…The Ontario Real Estate Association (OREA) supports the...
Inside the Industry Efforts to Amend the Foreign Buyer Ban
When the Prohibition on the Purchase of Residential Property by Non-Canadians Act — aka the foreign buyer ban — came into effect on January 1, the real estate industry’s efforts to get it amended had already begun. Many in the industry were unhappy that the Government...
Finding the right home by yourself is quite the “tall” order—luckily there are REALTORS® to help you along every step of the way, no matter what your unique wants and needs are.
https://youtu.be/9VQXqD6LHYA
IMPROVING ACCESS TO HOUSING FOR DIVERSE COMMUNITIES A HIGHLIGHT OF 2023 FEDERAL BUDGET
The housing affordability crisis is a problem across Canada, but it is one that is disproportionately affecting BIPOC and LGBTQ2S+ communities who experience higher barriers to housing attainment. The Ontario Real Estate Association (OREA) has repeatedly called on all...
Canada amends foreign homebuyer ban regulations
The Canadian government has announced amendments to the regulations surrounding the country’s foreign homebuyer ban. The Prohibition on the Purchase of Residential Property by Non-Canadians Act came into effect on Jan.1, as an attempt, the government said previously,...
Ontario government delays rollout of Phase 2 of TRESA
The rollout of the next stage of Ontario’s Trust in Real Estate Services Act (TRESA) is facing delays. The second phase of TRESA, intended to replace the decades-old Real Estate and Business Brokers Act (REBBA), was scheduled to take effect on Apr. 1. It introduces...
2023 ONTARIO SPRING BUDGET BUILDS ON PROVINCE’S COMMITMENT TO CREATE THRIVING COMMUNITIES
Ontario's Spring Budget continues to build on the Provincial Government’s mission to create economically thriving and vibrant communities across the province and invest in infrastructure for future growth. Specifically, the budget prioritizes mental health funding,...
A spring renewal for Canada’s housing market
"Realtors are expecting Canadians to move off the housing market's sidelines this spring. They expect potential buyers to start hunting for a home because the Bank of Canada has eased up on interest rate hikes. The quick succession of increases eroded buying power as...