As of Dec 1, 2023, real estate as we’ve known it, will be changing. There are significant changes that will affect every buyer and seller in Ontario. Real Estate currently is regulated by REBBA, The Real Estate and Business Brokers Act. As of this Friday, Dec 1, REBBA is being replaced by TRESA, The Trust in Real Estate Services Act. This will affect how real estate is done in Ontario and we thought you might like some advance warning about this in case there is a real estate transaction in your future!
From the moment we take a call or an inquiry on a property, to how we represent Buyers and Sellers, there are strict new rules coming into play.