Ford Gov't vs. Ontario’s Real Estate Regulator: $10.5M Scandal

Ontario’s real estate regulator is at the centre of a $10.5M scandal — and now Doug Ford’s government is stepping in. After months of silence, the watchdog faces a review that could finally bring reform to Ontario’s real estate industry. #canadianrealestate #iProRealty #RECO Links: Ford government to intervene in review of Ontario’s real estate regulator following iPro scandal: https://www.thestar.com/real-estate/ford-government-to-intervene-in-review-of-ontarios-real-estate-regulator-following-ipro-scandal/article_e4089f7d-7b30-4470-b168-8deb58d6dd4f.html Toronto's Real Estate Prices Plunge: Realtors Lament Buyers: https://youtu.be/1PnUlkeTGIc iPro co-founders took millions from trust but will not be charged, regulator confirms: https://www.thestar.com/business/ipro-co-founders-took-millions-from-trust-but-will-not-be-charged-regulator-confirms/article_24057071-778e-4c1e-9fa1-061b3ac109fb.html Ontario real estate regulator to conduct internal review over handling of iPro Realty scandal: https://www.thestar.com/real-estate/ontario-real-estate-regulator-to-conduct-internal-review-over-handling-of-ipro-realty-scandal/article_93dd0b5d-73ed-476a-94a0-48365ee8dda4.html Ontario regulator shuts down iPro Realty after finding $10-million shortfall in trust accounts: https://www.theglobeandmail.com/business/article-ontario-regulator-shuts-down-real-estate-brokerage-firm-ipro/ RECO’s board acts to protect homebuyers and sellers; launches immediate independent and comprehensive audit into iPro matter: https://www.reco.on.ca/news/reco%E2%80%99s-board-acts-to-protect-homebuyers-and-sellers;-launches-immediate-independent-and-comprehensiv A Timeline Of Events In The Ongoing $10M iPro Realty-RECO Scandal: https://storeys.com/timeline-ipro-realty-reco-scandal/ Pursuing trust in every transaction: https://reco.on.ca/ IPro Realty scandal: As RECO registrar ousted, critics call for bigger change at watchdog: https://www.thestar.com/real-estate/ipro-realty-scandal-as-reco-registrar-ousted-critics-call-for-bigger-change-at-watchdog/article_187db43d-2ced-4935-aa38-bc63a4b16443.html Ontario real estate regulator under fire after iPro founders spared charges: https://www.mpamag.com/ca/mortgage-industry/industry-trends/ontario-real-estate-regulator-under-fire-after-ipro-founders-spared-charges/547258 Summaries off Value-for-Money Audits: https://www.auditor.on.ca/en/content/news/22_summaries/2022_summary_AR.pdf Board of Directors: https://www.reco.on.ca/about/governance/board-of-directors REMAX admits "blind bidding" is only blind for some: "Many real estate agents are telling buyers what they will need to secure a property.": https://www.reddit.com/r/canadahousing/comments/o56e6z/remax_admits_blind_bidding_is_only_blind_for_some Ontario’s real estate industry regulator is ineffective, Auditor-General says: https://www.reddit.com/r/toronto/comments/z9ysxh/ontarios_real_estate_industry_regulator_is RECO Complaints: https://complaints.reco.on.ca/?_gl=1*1fd7c2x*_gcl_au*Mzg3NjAwNzguMTc1NjQ2NTY5Ng Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.