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The rules of Ontario’s real estate brokerage business changed in December when the Trust In Real Estate Services Act (TRESA) came into force, promising enhanced professionalism, more robust consumer protection, transparency and education of both buyers and sellers. TRESA, which replaces the Real Estate & Business Brokers Act of 2002, contains numerous changes to how consumers might…
A proposed class-action lawsuit that takes aim at real estate commissions in Canada’s largest home-sales market that have affected billions of dollars worth of transactions over the past decade has survived a first test in court. A judge ruled earlier this week against an attempt by the local real estate board and several large brokerages to have…
Published in 2020 The first quarter of 2021 has been a busy jurisprudential time for the Toronto Regional Real Estate Board. In TRREB’s privacy matter, the Federal Court of Appeal affirmed that the proper process to first bring a Personal Information Protection and Electronic Documents Act (PIPEDA) complaint is to file such with the Privacy Commissioner. And, in…
Published in 2009 Following a $100 million lawsuit that was served in September on CREA, the Toronto Real Estate Board (TREB) and a number of related association and board officers, REM has learned that a second lawsuit for $750 million has been filed – but not yet served – against TREB and a number of…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
