RECO issues public advisory regarding HomeLife Today Realty Ltd.

Please be advised that under the authority of the Trust in Real Estate Services Act, 2002(TRESA), the Real Estate Council of Ontario (RECO) has taken action with respect to a Toronto-based brokerage. 

As part of a planned pre-inspection process on November 28, 2025, RECO identified a potential shortfall in the brokerage’s accounts. During its onsite inspection on December 2, 2025, RECO confirmed a significant shortfall, totaling approximately $580,000, in the Real Estate Trust Account that the brokerage has been unable to correct.

Safeguarding funds held in trust

On December 4, RECO issued a freeze order on the bank accounts of HomeLife Today Realty Ltd., located at 11 Progress Avenue, Unit 200, Toronto, ON M1P 4S7 Canada. The brokerage presently has 18 agents. RECO received confirmation from the bank that all the accounts were frozen on December 10, 2025.

By issuing this freeze order, RECO has taken steps to protect the funds in the brokerage’s bank accounts. When necessary, RECO issues freeze orders against brokerages to prevent funds from being withdrawn from a brokerage’s accounts to protect consumer deposits. 

RECO is actively engaged in this matter and further actions may follow. 

Resources for those affected

RECO recognizes that consumers who have been represented by HomeLife Today Realty Ltd and agents/brokerages who have clients that are party to a transaction involving HomeLife Today Realty Ltd. may be affected by the freeze order and will require more information.

• For buyers and sellers: Contact your agent or HomeLife Today’s broker of record.
• In the event you need to file a consumer deposit insurance claim, forms are available on the RECO website.
• For agents: Agents with outstanding commissions should file a commission protection insurance claim. Forms are available on the RECO website.
• For sellers with active listings: The brokerage is still open. Your agent can continue to market your property for sale/lease. There is no need to file any insurance claim at this time. 

Additional contact information

The following contacts are available to assist those with questions or concerns about the impact of this freeze order:

Home sellers and buyers with questions about a pending sale or purchase, or any commissions owed to HomeLife Today Realty Ltd., please contact RECO:
Dipak Parmar
Phone: (416) 207-3118
Toll Free: 1-800-245-6910, ext. 3118
Email: Dipak@reco.on.ca 

Home buyers or sellers with questions about consumer deposits and insurance coverage, please contact RECO:
Insurance department
Phone: 416-207-4800
Toll Free: 1-800-245-6910
E-mail: insurance@reco.on.ca

Brokerages involved in trades with HomeLife Today Realty Ltd., where HomeLife Today Realty Ltd., holds the deposit and/or are owed commissions by HomeLife Today Realty Ltd., please contact RECO:
Insurance department
Phone: 416-207-4800
Toll Free: 1-800-245-6910
E-mail: insurance@reco.on.ca

Employees or former employees of HomeLife Today Realty Ltd., with questions about commissions, please contact the claims adjuster for RECO’s insurance program:
ClaimsPro
Phone: 1-877-740-1913
Fax: 1-866-735-1033
E-mail: claims@reco-claims.ca

Note: The insurer requires one Notice of Claim Commission Protection form to be completed and submitted for each trade. Claim forms are located on RECO’s website.

Agents with questions about how to transfer their registration to a different brokerage, please contact RECO:
Juliette Tersigni
Phone: (416) 207-4831
Toll Free: 1-800-245-6910 ext. 4831
Email: juliette.tersigni@reco.on.ca