FOLA Real Estate Update Sept. 9, 2024 - Effective January 1, 2024 the Law Society's temporary emergency measure allowing licensees to virtually verify client identity without authentication has ended, Proposed Introduction of Cooling-Off Period and Disclosure of Termination, Bill 200 Homeowner Protection Act 2024, Federal Trust Reporting Requirements 2023-2025, Bulletin 2024-02, Changes to Land Transfer Tax Statements.

FOLA Real Estate Update Jan 11, 2024 - New Director of Titles, Verification of Client ID Virtually ending Jan 1, 2024, MyTeraview.ca, Federal Government Mandatory Disclosure Rules & Injunction, Federal Trust Reporting Requirements 2023, Bulletin 2023-08, Reminder – DRA has been updated, Underused Housing Tax (Canada), Class Action Settlement (Dye & Durham/Closure)

FOLA Real Estate Update Nov 8, 2023 - In Memorium … Jeffrey Lem, Director of Titles, Verification of Client ID Virtually ending Jan 1, 2024, certain services are moving online to MyTeraview.ca starting December 1, 2023, Teraview annual fee increase, DRA updated, Vacant Unit Tax, Underused Housing Tax, Class Action Settlement (Dye & Durham/Closure).

FOLA Real Estate Update July 31, 2023

FOLA Real Estate Update June 22, 2023

Consultation on Teraview and OnLand, Know Your Client Rules & Bylaw 7.1, Verification of Client ID Virtually ending Jan 1, 2024, Teraview News, DRA Update Reminder, Purchase of Residential Property by Non-Canadians Act, Certified Specialist Program Consultation.

FOLA Real Estate Update October 21, 2022

Teranet hard tokens expiring & annual fee increase, virtual client ID ending, DRA update reminder, Know Your Client Rules and Bylaw 7.1, Number of Parcels in Teraview System Limit, Federal Prohibition on the Purchase of Residential Property by Non-Canadians Act, TARION Regulation Amendments.

FOLA Real Estate Update March 30, 2022
Increase to Rate & Extent of Non-Resident Speculation Tax; Mortgage Discharge Guidelines; Know Your Client Rules & Bylaw 7.1; Enforcement of Positive Covenants; DRA Updates; City of Toronto Municipal Land Transfer Tax Administration Fee Increase; and Consultations on Changes to Condo Regulations for Cancelled Projects.

FOLA Real Estate Update December 22, 2021  New A LOT FROM THE DOT (updated statements), Planning Act amendments coming into force Jan 1, 2022, comments on TRESA 2020 are welcome 
FOLA Real Estate Update November 15, 2021  Mark Giavedoni taking over from Meredith MacLennan as RE Chair, annual increase in Teraview fees, Hard tokens cost $50+HST as of Nov 1st,Competence Task Force comments due Nov 30th

FOLA Real Estate Update October 5, 2021  New Business Registry, SureFund, Nominations for 2022 Law Society Awards, Free LSO CPD Assists, DRA Updates, Ongoing consulations

FOLA Real Estate Update August 3, 2021  Topics include National Holiday: Sept 30th; Planning Act (Proposed Regulatory Amendments); New Teranet Statements; New Working Group Survey 

FOLA Real Estate Update June 15, 2021  Topics include LRO Updates, Planning Act Update, Encouraging lawyers to use the Standard Closing Documents
FOLA Real Estate Update June 4, 2021 Topics include New Anti-Money Laundering Requirements; Current Government Consultations (Ontario): REBBA (Code of Ethics); Land Use Compatibility Guide; Conservation Act 

FOR PREVIOUS UPDATES SEE FEDERATION OF ONTARIO LAW ASSOCIATIONS (FOLA) REAL ESTATE PAGE HERE

Forms & Links

Electronic Registration of Title Documents (LSO)

O. Reg. 245/21: CODE OF ETHICS AND DISCIPLINE AND APPEALS COMMITTEES   under  New Home Construction Licensing Act, 2017, S.O. 2017, c. 33, Sched. 1 - Coming into force July 1, 2021

Multi-Party DRA (Word) - June 2021

Two-Party DRA (Word) - June 2021

Working Group on Lawyers and Real Estate

Ontario Standard Closing Documents, Rationale, & Guide

Condominium Documents

Teraview

Teranet Paper Registration Quick Guide

ONLAND (Ontario's Land Registry Access)

FOLA (Federation of Ontario Law Associations) Real Estate Committee