Industry News
OREB Statement on Government of Ontario Decision to Appoint Administrator for RECO
The Ottawa Real Estate Board (OREB) supports the Government of Ontario’s decision to appoint an administrator to oversee the Real Estate Council of Ontario (RECO) and its Board of Directors to ensure the regulator is carrying out the pledged reforms. We look forward to working with Jean Lépine as he takes on the role of administrator to RECO in the coming days. OREB has
OREB Statement on Bill 60: Fighting Delays, Building Faster Act
Housing affordability remains one of the most urgent challenges facing residents across the City of Ottawa. Families are struggling to enter the housing market, young people increasingly doubt they will ever be able to buy a home in the communities they grew up in, and rental housing is becoming less secure and more expensive for many. The passage
Statement From OREB Regarding Release Of Dentons Report And Province’s Consideration To Appoint RECO Administrator
Buying or selling a home is one of the most significant financial decisions Ontarians will make, and it depends on a foundation of trust between consumers and the real estate professionals who guide them. As the Ottawa Real Estate Board (OREB), we share this responsibility to protect that trust. The findings outlined in the independent
Federal Budget a Step Forward, but Falls Short on Immediate Housing Affordability in Ottawa
Ottawa, ON — The Ottawa Real Estate Board (OREB) welcomes the housing investments in Canada Strong: Budget 2025, as several measures align with the Board’s ongoing calls for coordinated action to expand housing supply. OREB acknowledges the federal government’s efforts to boost housing supply through Build Canada Homes, including a $1 billion investment for transitional
Statement from the Ottawa Real Estate Board on Ontario’s New HST Rebate for First-Time Home Buyers
Ottawa, ON – The Ottawa Real Estate Board (OREB) recognizes the Ontario government’s announcement that it is proposing a rebate of the full 8 per cent provincial part of the HST on qualifying new homes for first-time buyers. This tax-relief when implemented, will help make homeownership more attainable for many Ontarians. OREB and our provincial partner,
Ottawa Real Estate Board Welcomes Ontario’s Fighting Delays, Building Faster Act, 2025
The Ottawa Real Estate Board (OREB) welcomes the Ontario government’s Fighting Delays, Building Faster Act, 2025, which proposes to improve efficiency, shorten case timelines, reduce procedural delays, and improve fairness and efficiency at the Landlord and Tenant Board (LTB). Ottawa continues to face mounting affordability pressures and growing demand for housing. As an association representing
Abacus Survey: OREB reveals widespread concern about housing affordability in Ottawa
OTTAWA, ON — A new survey conducted by Abacus Data for the Ottawa Real Estate Board (OREB) reveals widespread concern about housing affordability and supply in the nation’s capital. Nearly two-thirds of residents (62%) say they are concerned about losing their home or rental unit if their financial situation were to suddenly change, while four
Statement from Ontario’s Nine Largest REALTOR® Associations on Letter to Minister Crawford Regarding RECO and iPro Realty
September 5, 2025 – RECO update on iPro insurance process: Consumer deposit claims are starting to be paid at closing. Agents are urged to file claims through ClaimsPro, as iPro accounts are frozen. For information and latest updates on iPro – Click Here. September 3, 2025 I OTTAWA, ON – Today, Ontario’s nine largest REALTOR® associations,
Statement from OREB, CLAR, Cornerstone, OnePoint, and TRREB on Ford Government Review of RECO
OTTAWA, ON – 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 review of RECO’s governance
Update Statement on RECO and iPro Realty Case
OTTAWA, ON – On Friday, the Ottawa Real Estate Board (OREB) called on the Real Estate Council of Ontario (RECO) to explain its decision not to take stronger action in response to the iPro Realty trust account case and to demonstrate that decisive steps would be taken to protect consumers and maintain confidence in the
