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Real Estate News Harry MillerBy Updated:

Ontario’s real estate rules are changing

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.

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Harry Miller is a writer and editor based in Toronto with 14 years of experience in the journalism industry. Before joining Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and as a breaking news reporter with the Toronto Star. At Canada News Media he covers national news and the trending stories Canadians are searching for. Miller holds two bachelor's degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.

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