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Ontario Shuts Down iPro Realty Over $10M Shortfall

8/16/2025

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Summary

Story summary

Ontario's real estate regulator, RECO, is closing iPro Realty Ltd. due to over $10 million in trust account shortfalls.
iPro will stop operations by August 19, with RECO overseeing ongoing transactions.
iPro agents can transfer to iCloud Realty Inc. by August 18, with waived fees for the transition.

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Story summary

Ontario's real estate regulator, RECO, is closing iPro Realty Ltd. due to over $10 million in trust account shortfalls.
iPro will stop operations by August 19, with RECO overseeing ongoing transactions.
iPro agents can transfer to iCloud Realty Inc. by August 18, with waived fees for the transition.