More than a renewal payment: Inside the insurance and regulatory safeguards protecting Ontario homebuyers

Ontario's real estate regulator enforces mandatory Professional Liability Insurance for all agents, covering errors, consumer deposits, and commissions to protect consumers financially. Agents must renew by August 14 to avoid suspension. Starting October 1, 2026, brokerages must submit annual financial filings to detect risks early. Ongoing education and future monthly trust account reporting aim to enhance oversight and maintain market confidence.