Phase two of the new regulations under the Trust in Real Estate Services Act (TRESA) comes into effect on December 1 in Ontario. TRESA replaces the Real Estate and Business Brokers Act (REBBA) and impacts how nearly 100,000 realtors will conduct business in the...
Lawyer Adam Chisholm has plunged into the blowup around the polarizing mandatory insurance plan that the Ontario Real Estate Association (OREA) is set to put in place for all 96,000 realtors in the province at the beginning of 2024. Chisholm, a partner with McMillan...
QUICK HITS Sitzer decision: significant milestone in ongoing battle over real estate commission practices, involving allegations of collusion among biggest players – defendants must pay $1.78 billion in damages, trebled to a monumental $5.36 billion....
In recent years, ongoing legal battles in both the United States and Canada have brought significant attention to the real estate industry, raising questions about traditional commission structures, antitrust regulations and the potential impact on consumers. These...
Co-authored by Christina Tassopoulos QUICK HITS When a property is owned by 2+ people, one owner might want to sell it against the wishes of the others. Under Ontario’s Partition Act, this is typically allowed. Stothers vs Kazeks is one of the rare...
QUICK HITS In the case of 1000249084 Ontario Inc. v. Andazesgishahr, the Ontario Superior Court of Justice dealt with a property dispute involving co-owners and a mortgage lender; the co-owners had an agreement preventing the sale of the property without mutual...
