The Ontario Real Estate Association (OREA) announced the appointment of Luigi Favaro as its new CEO, effective Sept. 2. Favaro currently serves as OREA’s vice president of partnerships at OREA. He replaces Tim Hudak, who stepped down last August; Sonia Richards has...
The average Canadian family spent 42.3% of its income on taxes in 2024, according to a new study published by the nonpartisan Fraser Institute. The percentage spent on taxes is greater than the 35.5% allocated to housing, food and clothing combined. Last year, the...
The Real Estate Council of Ontario (RECO) announced the appointment of Brenda Buchanan as its new CEO. RECO is a not-for-profit organization that regulates real estate agents and brokerages across the province. Buchanan, who served as the interim CEO following the...
A Toronto lawyer is facing multiple fraud charges tied to alleged to multiple real estate transactions. The Toronto Police Service arrested and charged Singa Bui, a partner at the now-defunct Cartel & Bui LLP, 24 counts of fraud over $5,000, 17 counts of criminal...
Canadian housing starts posted a 0.4% uptick in June from May, according to data from the Canadian Mortgage and Housing Corporation (CMHC). The seasonally adjusted annualized rate of housing starts rose to 283,734 units last month from a revised 282,705 units. Actual...
Now, here’s something that you don’t find in most homes listed for sale – a jail cell. RealEstate.com.au reports a residence on the market in Melbourne, Australia, that was once a police station had been converted to a five-bedroom residence in the 1980s. But for some...
