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Ontario REALTORS Back RECO Reforms Amid iPro Realty Collapse

8/30/2025

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Summary

Story summary

Ontario's major REALTOR® associations back the Ford government's review of the Real Estate Council of Ontario (RECO) for necessary reforms.
iPro Realty's collapse resulted in an estimated $8 million shortfall, leading RECO to freeze its accounts.
Dentons Canada LLP will conduct an independent audit, with results anticipated by late October.
Experts highlight the need for transparency in trust accounting to rebuild consumer confidence in real estate.

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Story summary

Ontario's major REALTOR® associations back the Ford government's review of the Real Estate Council of Ontario (RECO) for necessary reforms.
iPro Realty's collapse resulted in an estimated $8 million shortfall, leading RECO to freeze its accounts.
Dentons Canada LLP will conduct an independent audit, with results anticipated by late October.
Experts highlight the need for transparency in trust accounting to rebuild consumer confidence in real estate.