Episode 119: OREA Law Updates, TRREB Condo Market Report, and Scotiabank Homeownership Poll

Ontario Mortgage & Real Estate Insights Podcast

In this episode, we explore OREA's proposed updates to real estate laws, including removing the auctioneer exemption and introducing mandatory disclosure. We discuss OREA's mentorship programs and new administrative penalties. TRREB's backing of property tax reforms and housing supply initiatives is examined, along with the beneficial ownership registry's impact on financial crimes. We also review housing projection revisions and related political criticism, as well as municipal concerns about the Building Faster Fund. Additionally, we cover TRREB's Q3 2024 Condo Market Report and Scotiabank's insights on homeownership and digital solutions. (0:00) Welcome and introduction (0:23) OREA's proposal for real estate law updates and key recommendations (1:40) Elimination of auctioneer exemption and mandatory disclosure policies (3:29) OREA's mentorship programs and administrative penalties for infractions (4:39) TRREB's support for property tax system and housing supply measures (5:22) Beneficial ownership registry and its impact on financial crimes (6:57) Housing projection revisions and political criticism (9:31) Municipal concerns about the Building Faster Fund (10:30) TRREB's Condo Market Report for Q3 2024 and market conditions (13:30) Scotiabank poll on homeownership goals and demand for digital solutions (16:16) Episode wrap-up and closing remarks