48 h. ago OREA and TRREB Joint Statement on RECO’s Notice for Application regarding iPro Realty

TORONTO, Sept. 12, 2025 (GLOBE NEWSWIRE) — “Today, the Real Estate Council of Ontario (RECO) took an important step towards addressing the iPro Realty Ltd. matter, which impacted 2,400 REALTORS® and their clients across the province. In a statement published on September 12, 2025, RECO advised that they have filed a Notice of Application with […]

Other

9 d. ago Real estate regulator proves ineffective in case involving $10.5 million in missing trust deposits

Real Estate Council of Ontario took credibility hit after brokerage firm iPro Realty mishandled millions of dollars

Economics

1 week ago Ontario’s 100,000 REALTORS® United in Call for Ombudsman Oversight

TORONTO, Sept. 03, 2025 (GLOBE NEWSWIRE) — “Ontario REALTORS® have been clear: protecting consumer deposits and restoring trust in our regulator must be the government’s top priority. Since the Government of Ontario first undertook a review of the Real Estate and Business Brokers Act (REBBA) in 2017, OREA has led the call for stronger consumer […]

Other

1 week ago The internet is freaking out over how creepy this $900K Ontario house is

If you've ever thought Toronto real estate was already a bit of a nightmare, wait until you see what's happening in Richmond Hill.A seemingly ordinary heritage home at 117 Lucas St. has become the stuff of Reddit horror threads after the listing agent decided to, for reasons no one can fully explain, stage the property with dozens of creepy handmade dolls.Yes, actual dolls — limp, dirty-legged, staring-into-your-soul dolls.The front of the house. On paper, the house itself isn't scary at all.The front hall. It's a two-bedroom, one-bathroom heritage home that's been in the same family for three generations.Stained glass windows. There are stained glass windows, lovely old trimwork, and a huge 50-by-184-foot lot.The old garage. The detached garage isn't even heritage-protected, meaning you can swing a sledgehammer without feeling guilty.The front door is in need of some TLC. It's a classic "project house" i...

Economics

2 w. ago Statement from TRREB, Cornerstone, OREB, OnePoint, and CLAR on Ford Government Review of RECO

TORONTO, Aug. 29, 2025 (GLOBE NEWSWIRE) — Ontario’s five largest REALTOR® associations, representing more than 90 per cent of the nearly 100,000 REALTORS® in the province, support the Ford government’s decision to intervene in the review of the Real Estate Council of Ontario (RECO) following the iPro Realty Ltd. investigation. Our associations welcome a full […]

Politics

2 w. ago Ontario real estate agency has accounts frozen as regulator starts audit

A well-known Ontario real estate agency ordered to close has now had its accounts frozen as the province's industry regulator starts an audit.

Economics

3 w. ago Experts say Ontario is the reason for Canada's housing downtown

Ontario real estate has been performing so sluggishly this year that the province is now being blamed for skewing market trends for the entire country.In a new report, experts at RBC point out how poorly the industry is faring around the GTA, especially emphasizing just how dramatically home sales — and, somewhat by extension, new home construction — have fallen in Canada's most populous region.In the aptly-titled "Canada isn't in a housing starts slump — Ontario is," published on Wednesday, the Big Five bank's economists outline the factors that have caused residential construction in and around Toronto to lag far behind almost everywhere else nationwide.RBCThe first roadblock to new units coming onto the market is the cost, which is sky-high in Ontario, and not just because of heightened price tags for lumber, labour, land and more."High development charges and heavy regulatory requireme...

Other

3 w. ago Experts say Ontario is the reason for Canada's housing downturn

Ontario real estate has been performing so sluggishly this year that the province is now being blamed for skewing market trends for the entire country.In a new report, experts at RBC point out how poorly the industry is faring around the GTA, especially emphasizing just how dramatically home sales — and, somewhat by extension, new home construction — have fallen in Canada's most populous region.In the aptly-titled "Canada isn't in a housing starts slump — Ontario is," published on Wednesday, the Big Five bank's economists outline the factors that have caused residential construction in and around Toronto to lag far behind almost everywhere else nationwide.RBCThe first roadblock to new units coming onto the market is the cost, which is sky-high in Ontario, and not just because of heightened price tags for lumber, labour, land and more."High development charges and heavy regulatory requireme...

Other

3 w. ago 2.4K Ontario real estate agents out of work after agency ordered to close

About 2,400 Ontario real estate agents are out of work after a well-known real estate agency was ordered to close after a "significant shortfall" was found in their accounts.

Other

3 w. ago Average rents in Ontario are plunging fast and here's where they're declining most

As exceedingly unaffordable as Toronto is reputed to be, now is actually one of the cheaper times to live in the city, at least when it comes to housing costs.The region's real estate values and rent prices have plummeted markedly over the last year, pushing property owners looking to sell and landlords searching for tenants to new levels of desperation.The latest survey of the landscape shows that the standard GTA home is now selling for 5.5 per cent less than this time last year (when prices were already on the decline). Condos are bearing the brunt of the downturn, seeing a 9.3 per cent year-over-year deterioration in sale price.And, the turmoil is extending to rentals, the prices for which, per the latest stats, have decreased by double-digit percentages since this time in 2024.Listing site Zumper, which regularly assesses price points for apartments across the country, says in its latest report that the median monthly cost of a one-bedroom...

Other

4 w. ago This $11 million mansion has one of Ontario's largest backyard pools

If you've ever dreamed of living somewhere your backyard looks less like "suburbia" and more like a five-star Caribbean resort, 59 Macamo Crt. in Vaughan is basically the real estate equivalent of a mic drop.Set on a gated 1.11-acre ravine lot, this estate is about as subtle as a gold-plated yacht.The heated driveway says "shovelling is for peasants," the cathedral-high ceilings scream opulence, and the solid concrete block construction makes it feel like it could survive a zombie apocalypse — if zombies were even allowed past the gate.The living room. Inside, you get over 11,000 square feet of living space — enough room for your family, your in-laws, your friends, and the entire cast of a reality TV pilot.The family room. The main floor is open-concept with all the living areas flowing from one room to the next.The primary bedroom. Upstairs, the six bedrooms and eight bathrooms are all styled like luxury hotel suites, complete...

Economics