Annual financial filing

The Real Estate Council of Ontario (RECO) is implementing new financial reporting measures to strengthen financial oversight of real estate brokerages. Effective October 1, 2026, all Ontario brokerages will be required to submit an annual financial filing to RECO.

Complemented by RECO’s audit and inspections work, this proactive oversight measure requires brokerages to provide documentation each year demonstrating proper financial management and compliance with the Trust and Real Estate Services Act, 2002 (TRESA). Annual financial filings will also allow RECO to better evaluate risk and target regulatory resources where they are needed most.

RECO is committed to making the annual financial filing process as seamless as possible for brokerages and will provide education materials and support ahead of this new requirement being introduced. This includes detailed instructional guides and webinars to walk registrants through the submission process. 

Registration for the webinars is expected to open in July 2026 with sessions to be hosted in August and September. Instructions and additional resources will also be available on this page to assist brokerages in their filings. RECO will communicate with registrants about all updates to resource availability.

A message from Jean Lépine, RECO Administrator and Acting CEO

Additional information

News release: RECO announces new financial filing requirements to strengthen consumer protection