Statement From OREB Regarding Release Of Dentons Report And Province’s Consideration To Appoint RECO Administrator
November 14, 2025
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 review and audit of the Real Estate Council of Ontario (RECO) from Dentons Canada LLP make it abundantly clear that more is needed to uphold the confidence that home buyers, sellers, and renters deserve.
OREB recently surveyed its brokers and managers about the iPro matter and more than 60% expressed a decreased confidence in RECO’s ability to effectively regulate brokerages and protect consumers. As stated by Minister Stephen Crawford in his letter to RECO’s Board Chair, the real estate sector has ‘lost confidence in its regulator.’
Considering the severity of the issues identified, we fully support the proposal by Minister Crawford to appoint an administrator for RECO to provide stronger oversight, more accountability, and enhanced consumer protection in the real estate sector.
OREB stands ready to work alongside the Government of Ontario, as well as our fellow boards and associations, on all necessary reforms that reinforce transparency and protect the public interest.
