While sky-high interest rates, inflation and low supply continue to impact housing affordability, Ontario’s real estate industry is evolving with Phase 2 implementation of the Trust in Real Estate Services Act (TRESA).
Ontario Real Estate Association (OREA) CEO Tim Hudak said the new rules — in effect as of Dec. 1 — are some of the most significant changes for buyers and sellers since the system saw its last major overhaul in 2002.
Harry Miller is a writer and editor based in Toronto who has Ten years of experience in the journalism industry. Before coming to Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and a breaking news reporter with the Toronto Star. Miller currently holds two bachelor’s degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.
