LINKS & VIDEOS
CONSUMER-FRIENDLY VIDEOS
CONSUMER-FRIENDLY VIDEOS
CONSUMER-FRIENDLY VIDEOS
Check out these 5 videos by LawPRO to share with your clients and/or on social media!
USEFUL LINKS
CONSUMER-FRIENDLY VIDEOS
CONSUMER-FRIENDLY VIDEOS
About a dozen links of recommended sites as chosen by FOLA's Real Estate Committee.
Something missing? Let us know! Email Katie.Robinette@fola.ca
PROPOSED REFORMS & SUBMISSIONS
REGULATIONS UNDER THE PLANNING ACT RE: MUNICIPAL EMPOWERMENT - NORTHERN
REGULATIONS UNDER THE PLANNING ACT RE: MUNICIPAL EMPOWERMENT - NORTHERN
REGULATIONS UNDER THE PLANNING ACT RE: MUNICIPAL EMPOWERMENT - NORTHERN
The Ministry of Municipal Affairs and Housing is proposing to amend regulations under the Planning Act to empower certain municipalities in relation to two areas of land use planning authority.
1) Exemption from Approval - Official Plan Amendments
2) Approval Authority - Plans of Subdivision
The deadline for comments has past, but you can view the Ministry's proposal below.
REGULATORY PROPOSALS UNDER THE CONDOMINIUM ACT, 1998
REGULATIONS UNDER THE PLANNING ACT RE: MUNICIPAL EMPOWERMENT - NORTHERN
REGULATIONS UNDER THE PLANNING ACT RE: MUNICIPAL EMPOWERMENT - NORTHERN
The Ministry of Government and Consumer Services proposing amendments on regulatory proposals under the Condo Act. The proposal would amend regulations under the Condo Act, delegating responsibility for 19 forms to the Condominium Authority of Ontario (CAO).
If approved, the CAO would be responsible for hosting and implementing any changes to these forms, including accessibility, format and content changes, subject to ministry approval.
UPDATED ONTARIO STANDARD CLOSING DOCUMENTS
REGULATIONS UNDER THE PLANNING ACT RE: MUNICIPAL EMPOWERMENT - NORTHERN
REVIEW OF THE REAL ESTATE AND BUSINESS BROKERS ACT, 2002
The provincial Working Group on Lawyers and Real Estate revised the Ontario Standard Closing Documents in February 2019 and added an Undertaking (Non-Residency) for use in transactions involving non-resident vendors.
Updated versions of the Ontario Standard Closing Documents can be found on the Working Group website.
REVIEW OF THE REAL ESTATE AND BUSINESS BROKERS ACT, 2002
REVIEW OF THE REAL ESTATE AND BUSINESS BROKERS ACT, 2002
REVIEW OF THE REAL ESTATE AND BUSINESS BROKERS ACT, 2002
The Trust in Real Estate Services Act, 2020 (TRESA, 2020) received Royal Assent in the Ontario legislature on March 4, 2020. TRESA, 2020 amends the Real Estate and Business Brokers Act, 2002 (REBBA), the legislation that governs real estate brokerages, brokers and salespersons, setting rules for how they conduct business and interact with consumers.
The ministry then held consultations on the first phase of draft regulations required to bring these legislative changes into force and requested feedback on the following two issues:
- Personal Real Estate Corporations (PRECs), including the criteria to describe what a PREC is and the conditions that must be met in order for the PREC to qualify for an exemption from the requirement to be registered under the Act; and,
- Changes to the existing Code of Ethics regulation to expand and clarify the terms that registrants may use in their advertising when referring to brokers and salespersons.
Further details, including a copy of the proposed regulations, can be found on the Ontario Regulatory Registry’s website here.
If you have any questions, please contact the ministry at REBBA@ontario.ca
In January 2019, the Ontario government announced a review of the Real Estate and Business Brokers Act, 2002, including the provisions relating to dual agencies and disclosure of competing bids. It released a consultation paper and requested written comments and also encouraged Ontarians to fill out an online survey.
After consultation with Law Associations, FOLA submitted a formal response which you can view here.
(Please note that FOLA only responded to the first five questions in the consultation paper as we felt that we did not have enough information on to adequately respond to the rest of the questions).
The Thunder Bay Law Association also made a submission which you can view here.
PAST SUBMISSIONS
REVIEW OF THE REAL ESTATE AND BUSINESS BROKERS ACT, 2002
PAST SUBMISSIONS
DoProcess Fee Hikes
FOLA Letter to DoProcess - Jan 18, 2021
Home buyers face higher costs after Dye & Durham hikes real estate software prices 400%, lawyers warn - Globe & Mail Jan 27, 2021
VIRTUAL COMMISSIONING - MAG REFORMS
FOLA'S SUBMISSION TO PROPOSED REFORMS - APRIL 2019
FOLA'S SUBMISSION TO MAG - JUNE 2020
DEFINITION OF "LENDING CLIENT" - LSO
FOLA SUBMISSION (JUNE 2019)
WANT TO JOIN FOLA'S REAL ESTATE COMMITTEE?
FINTRAC FINAL GUIDANCE: VIRTUAL VERIFICATION USING IDENTIFICATION DOCUMENTS
FINTRAC FINAL GUIDANCE: VIRTUAL VERIFICATION USING IDENTIFICATION DOCUMENTS
FOLA'S Real Estate committee will meet via telephone/video conference and/or email, as necessary. If you or someone from your association is interested in helping, please contact Merredith MacLennan at
FINTRAC FINAL GUIDANCE: VIRTUAL VERIFICATION USING IDENTIFICATION DOCUMENTS
FINTRAC FINAL GUIDANCE: VIRTUAL VERIFICATION USING IDENTIFICATION DOCUMENTS
FINTRAC FINAL GUIDANCE: VIRTUAL VERIFICATION USING IDENTIFICATION DOCUMENTS
It is no longer required to view an "original" identification document in order to use the document to verify an individual client. It is now sufficient to view an "authentic, valid and current" copy of an identification document. While this change has been in effect since June 2019, most reporting entities have been awaiting guidance from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) on its expectations for authentication of copies of identification documents before relying on it.
Read a press release from Borden Ladner Gervais
LAW SOCIETY CONSULTATION ON TITLE INSURANCE - 2018
FINTRAC FINAL GUIDANCE: VIRTUAL VERIFICATION USING IDENTIFICATION DOCUMENTS
LAW SOCIETY CONSULTATION ON TITLE INSURANCE - 2018
In 2018, the Law Society’s Advertising and Fee Arrangements Issues Working Group examined practices involving the payment of fees and offering of benefits by title insurers to real estate lawyers or their staff and is considering whether additional regulatory measures involving these practices are required.
Consultation Document (See also the working group’s report to June 2018 Convocation).
TERAVIEW® ISSUES
ONTARIO'S PLANNING ACT
LAW SOCIETY CONSULTATION ON TITLE INSURANCE - 2018
The Working Group on Lawyers and Real Estate maintains a list of matters which are brought to its attention regarding Teraview and/or Land Registry Office procedures.
The Working Group brings these matters to the Director of Titles, the government and/or Teranet and posts updates as it receives further information.
ONTARIO'S PLANNING ACT
ONTARIO'S PLANNING ACT
ONTARIO'S PLANNING ACT
In 2019, Bill 88, Planning Act Amendments (Doug Downey's private member's bill) was stalled due to Minister Doug Downey's promotion to cabinet. FOLA supported the Bill and hopes that it will be re-introduced as a Minister's Bill shortly.