The Real Estate Council of Ontario (RECO) is seeking feedback on a proposal to return registration, processing, and transfer fees to 2022 levels (adjusted for inflation). If approved, the revised fee structure would take effect on January 1, 2027.
According to RECO, fee reductions introduced in 2023 will result in an estimated $30 million in foregone revenue by the end of 2026, contributing to ongoing operating deficits and increased reliance on reserves. RECO states that the proposed changes are intended to support its consumer protection mandate, ongoing regulatory oversight, and investments in modernization.
Proposed 2027 Fees
- Registration Fee (new registrations and renewals): $398 (currently $306)
- Processing Fee: $204 (currently $50)
- Transfer Fee: $102 (currently $25)
RECO is inviting feedback from registrants and stakeholders until September 11, 2026, at 4:00 p.m. via this form: https://feeconsult.reco.on.ca/?_gl=1*1o9ckpj*_gcl_au*MTEwNDY4MTg0NS4xNzgxMjAyMDU3
Members can learn more here: https://www.reco.on.ca/news/proposal-to-revert-reco-registrant-fees-to-2022-levels
