New national association aims to close knowledge gap in Indigenous real estate
Byron McDonald is launching a national initiative to improve education about reserve-land transactions, an area he says remains poorly understood by Canadian real estate professionals.
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A form is no longer enough: What FINTRAC’s new penalties mean for your brokerage
Minor FINTRAC offences that once carried penalties of up to $1,000 per violation can now cost up to $40,000. Serious violations have jumped from $100,000 to as much as $4 million per violation. The implementation of Bill C-12 earlier this year drastically increased...
AI is changing real estate. RECO says the rules still apply
The Real Estate Council of Ontario (RECO) published new guidance outlining how real estate agents and brokerages should use artificial intelligence (AI) while meeting their regulatory obligations. The guidance, released in October, comes as AI becomes more common in...
Expensive energy, expensive debt: Canadians get the bill twice
On Oct. 28, the Bank of Canada raised its policy rate by a quarter percentage point to 2.5 per cent. In very simple terms, part of the bank’s reasoning is that businesses facing higher energy costs may soon charge more for their products and services. The bank...
URSINO: The SRP ghost stories we tell each other
The rules around self-represented parties can be less frightening than the stories agents tell. (Photo created with the help of AI) Every brokerage has its campfire stories, and around Halloween they get told a little louder. The agent who lost a deal over one...