The real estate market in Canada has been identified as being highly vulnerable to fraud and money laundering.
In response, the federal government has introduced new regulatory requirements for title insurers in an effort to assist in addressing these risks. Beginning on October 1, 2025, title insurers will be regulated by the Financial Transactions and Reports Analysis Centre (FINTRAC).
All lawyers who practice real estate must be aware of how these changes may affect their practice and their purchaser clients.
The Federation of Law Societies of Canada has prepared a Notice to the Profession to provide lawyers with further information regarding their obligations.
Read the PDF version of the statement: Notice to the Profession