Ontario Realtors Balk at Mandatory Health Insurance
Ontario realtors are balking at paying for mandatory health insurance being instituted by the Ontario Real Estate Association.
The Ontario Realtors Wellness Program would require all 96,000 Ontario realtors to pay an additional $660 above their current $110 annual membership fee, The Globe and Mail reported. Many realtors are concerned that the new coverage would be less sufficient than existing benefits, according to the media outlet.
Realtors have expressed outrage on social media about the plan, which would take effect in 2024. More than 8,700 members joined a private Facebook group and more than 16,000 have signed a petition against implementing the coverage.
Realtors agreed to the plan in June. OREA has agreed to hold a special general assembly November 29 to consider the issue.
“[OREA] have been very clear that participation in this program is a condition of membership, and if a member or an entire board/association declines to participate, then they will be terminated,” said Bill Duce, CEO of the Waterloo Region Association of Realtors, told the Globe.
Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate.
Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s.
In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star.
Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.