Ontario Real Estate Association: OREA CEO Tim Hudak Statement on the 2019 Ontario Economic Outlook and Fiscal Review

Money laundering is a multibillion-dollar problem in Ontario’s housing market, crowding out hardworking families looking to achieve their dreams of one day owning a home…OREA supports the Province’s commitment in the Fall Economic Statement to combat money laundering. Specifically, Realtors are calling on the Province to create a beneficial ownership registry using the land title system. A beneficial ownership registry would help stop the practice of criminals using shell companies to buy up Ontario homes, giving law enforcement and government an important tool to keep dirty money out of the Province’s housing market. Read More....


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
Fax: 905.608.9988