Governance of organized real estate in Ontario is 100% paid for by REALTOR® dues and fees. The Ontario taxpayer does not pay any tax monies for managing,registering, investigating or training industry professionals.
REALTOR® lobbying by the Canadian Real Estate Association (CREA) helped kickstart the RRSP Homebuyers Plan:
In 1989, when interest rates were high and Canada was in a recession, REALTORS® first began lobbying for the creation of a temporary measure that would help boost the economy by making home ownership more affordable. Initially introduced as a temporary stimulus measure in 1992, The Home Buyer's Plan allowed first-time home buyers to withdraw money, without penalty, from their Registered Retirement Savings Plans to be used towards their down payment. The plan was made permanent in 1994, and more than two million Canadians have used it to help make their dream of home ownership come true.
The City of Ottawa has a mapping program at http://maps.ottawa.ca/geoOttawa/ that is a handy tool for buyers to consult.
approximately 3-6% of conditional sales fall through
There are 42 real estate boards serving Ontario consumers and businesses.
There are a total of 60,000 real estate professionals registered with the Provincial registrar at the Real Estate Council of Ontario reco.on.ca
The GTA (Greater Toronto Area) is home to approximately 40,000 registrants
The Ottawa Real Estate Board has approximately 154 brokerages and 3008 members, this has grown from 1700 members in February 2004 (+ 77%)
The average age of a real estate professional in Ontario is 51
Only one in 5 real estate professionals has attained their “Broker” registration status
All real estate sales people are paid on commission and are also independent contractors not employees.
See our Ottawa Real Estate Board website ottawarealestate.org for a great Open House spreadsheet, listings and other useful information
A REALTOR® can help advise and assist with the purchase of a new construction home from a builder.
Gord McCormick, Broker of Record
Dawn Davey, Broker
Oasis Realty Brokerage