As expected, and reported to Members on November 14, 2025, in a joint statement with OREA, the Minister of Public and Business Service Delivery, Stephen Crawford, has announced an administrator to assume control of the Real Estate Council of Ontario (RECO) immediately to restore confidence in the organization, to work with the insurer, and to support those financially impacted by the iPro Realty situation.
We will provide Members with updates as more information becomes available. You can read the Minister’s letter to RECO and the joint TRREB & OREA statement here: