Niagara real estate, in plain language.
This guide covers federal and Ontario first-time buyer programs, Ontario land transfer tax, and Niagara neighbourhood information, published as general educational information, not advice from a licensed real-estate professional.
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Where you are, and what differs
A plain-language guide to federal and Ontario first-time buyer programs, Ontario land transfer tax, and where a Niagara budget goes. General educational information only, not advice from a licensed professional.
About this guide
This guide is published by Living Websites, a website build shop based in Niagara. It is general educational information for informational purposes only and does not constitute advice from a licensed real-estate professional. For personalized guidance on buying or selling a home in Niagara, speak with a professional registered with the Real Estate Council of Ontario (RECO); you can verify any salesperson, broker, or brokerage directly through RECO's public registrant search. For mortgage qualification, speak with a licensed mortgage professional.
The rules changed their name
The statute governing real estate trading in Ontario is the Trust in Real Estate Services Act, 2002 (TRESA), effective since December 1, 2023: the older Real Estate and Business Brokers Act, 2002 (REBBA) name still shows up in a lot of homeowner-facing content, but TRESA is the current name for the same citation. Under TRESA's regulations, a buyer's representation agreement that isn't already in writing must be put in writing and given to the buyer to sign as soon as possible, and before the buyer makes an offer. The agreement must disclose how the brokerage is paid.
Sources
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published here, owed
8 sourced claims exist in this page's own fact pack and are not cited here yet.