Latest Updates Around The World
For the Canadian real estate industry, 2025 was a year that tested its adaptability and fortitude. Market turbulence due to continued affordability pressures, an uneven mix of inventory droughts and floods depending on the city, and customer discomfort with U.S. tariffs and other economic factors shaped the day-to-day. Changing interest rates and cautious buyers made […]
Real Estate Magazine invites industry professionals to share their views on the issues shaping the current real estate landscape. Submit a letter to the editor to add your voice to the conversation. I am writing to urgently draw attention to a fundamental flaw in Ontario’s real estate regulatory and insurance framework, a flaw that is […]
Former iPro Realty Ltd. agent Nayaki Penumarthy says the fallout from the $10 million trust account scandal that surfaced in August has left scars on her and her family. The Burlington real estate agent said she owes $170,000 in sales commissions, which has affected her ability to pay her bills and even left her in […]
Paul Poliszot, 2021 (supplied) The Real Estate Council of Ontario (RECO) has issued an order freezing the bank accounts of Oakville, Ontario-based Rexig Realty Investment Group. The regulator has also made a proposal to revoke the registrations of both the brokerage and broker Paul Poliszot, director and president of the brokerage. The measures, announced on […]
Real Estate Council from Ontario (Reco) was successful in obtaining various judicial orders in a hearing Monday, which the assets of the founders of Ipro Realty’s Ltd. freezes and one day fede Colucci and Rui Alves gave to add their expected living and legal costs. Justice William Black of the Ontario Superior Court of Justice […]
While the pressure of the public and real estate community on the Real Estate Council of Ontario (RECO) states to take action in the iPro Realty. Ltd. Fiasco, the industrial fee dog has frozen the terrain of the defeated brokerage and undertaken an independent audit. The board of Reco announced on Monday that it had […]
