ON Brokerages Required To File Finances With RECO In October

Ontario Brokerages Required To File Finances With RECO Starting This Fall

Starting October 1, 2026, every brokerage in the province will have to attest to and submit an annual financial filing to RECO.

June 17, 2026

11:07 AM

Ontario real estate brokerages are getting a new piece of homework, courtesy of their regulator.

Starting October 1, 2026, every brokerage in the province will have to attest to and submit an annual financial filing to the Real Estate Council of Ontario (RECO) — a requirement meant to give RECO a clearer, more consistent look at how brokerages manage money, and specifically the funds they're holding in trust on behalf of buyers and sellers.

The filing sits alongside RECO's existing audit and inspections framework, and is described as a "proactive oversight model." Brokerages will need to regularly produce documentation proving they're managing their finances properly and complying with the Trust in Real Estate Services Act, 2002. RECO plans to use that data to steer its own resources, focusing attention on the brokerages where the risk to consumers is highest.

"Ontarians buying or selling a home should have complete confidence that deposits are protected," said Stephen Crawford, Ontario's Minister of Public and Business Service Delivery and Procurement, framing the change as part of the government's broader push on consumer protection.

So what exactly does a brokerage have to hand over? Information from its financial statements, details on trust assets and liabilities, a record of any unclaimed trust monies it's sitting on, and a compliance attestation from the broker of record. All of it gets submitted through RECO's MyWeb portal.

"These changes will help RECO spot red flags earlier, intervene rapidly, and take timely and effective regulatory action where consumer funds and commissions are at risk," said Jean Lépine, RECO's Administrator and Acting CEO.

RECO says brokerages won't be left to figure this out alone. Detailed information, instructional videos, and other resources are headed to every brokerage in the coming weeks, with more available on RECO's website.

Further, RECO plans to introduce monthly trust reconciliation reporting in 2027, with more guidance to come before that requirement lands.

Brokerages can find the full filing requirements on RECO's annual financial filing page.

Real Estate News

Ontario Brokerages Required To File Finances With RECO Starting This Fall

​Starting October 1, 2026, every brokerage in the province will have to attest to and submit an annual financial filing to RECO.

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Starting October 1, 2026, every brokerage in the province will have to attest to and submit an annual financial filing to RECO.

The Villages Planning Program proposes changes that would enable more low-rise housing and shops and services in 17 areas across the city.

The property was listed at $19.8M — the highest ever recorded in Mont-Tremblant and the Laurentians through the QPAREB Centris database.

Whether it becomes fill, restoration material, or even future building products, the muck excavated from today's transit projects is increasingly being treated as a resource with a second life of its own.

The eight-property, 5.3-million-sq.-ft portfolio spans Vancouver, Toronto, Calgary, and Ottawa.

While the region may be in a buyer's market, the traditional waterfront listings with all the bells and whistles are still asking a pretty penny.

Republic Developments and Harlo Capital listed the 26-acre site last year, but will now move forward with an investment from the Building Ontario Fund.

"The path forward exists if governments are willing to act with seriousness and consistency. What remains uncertain, though, is whether the political will exists to follow it."

Prices have remained flat or fallen, but demand remains muted both in Greater Vancouver and the Fraser Valley.

The Development Charge Reduction Program (DCRP) is part of the "Canada-Ontario Partnership to Build" announced in March, and the application deadline is June 19.