by Courtney Zwicker | May 19, 2026 | News
Alberta’s real estate regulator will pay out more than $1.4 million to victims of a bridge loan Ponzi scheme orchestrated by a former Calgary real estate agent Eric Drinkwater, marking the largest compensation payout in the regulator’s history. In a May 10...
by Courtney Zwicker | Apr 24, 2026 | Boards & Associations, News
Alberta’s real estate regulator fields roughly 1,350 complaints a year against licensed professionals, and has no standard for how long any of them should take to resolve. An independent review by Deloitte has found that the Real Estate Council of Albera (RECA)...
by Courtney Zwicker | Nov 14, 2025 | News
Real Estate Council of Alberta (RECA) has named Cynthia Moore as its new board chair, replacing Elan MacDonald. RECA announced on Friday that Moore’s three-year term will begin Dec. 1. MacDonald’s term is set to expire at the end of this month. Moore is the...
by Courtney Zwicker | Sep 23, 2025 | Legal Issues, News
Former Calgary Realtor Eric Drinkwater has been permanently banned from trading in real estate in Alberta after admitting to defrauding 71 people out of more than $3.5 million through a Ponzi scheme. The Real Estate Council of Alberta (RECA) announced the lifetime...
by Mario Toneguzzi | Sep 4, 2025 | Boards & Associations, Legal Issues, News
The real estate industry in Canada is facing a profound reputational challenge in the wake of two high-profile scandals involving iPro Realty Ltd. in Ontario and Re/Max Real Estate (Central) in Calgary. These incidents have not only shaken consumer confidence but...
