Ontario realtors facing mandatory health benefits: What you need to know for 2024!

As of January 1st, 2024, Ontario Realtors will be required to have mandatory health benefits. This new legislation will undoubtedly have a significant impact on the lives and careers of those working in the real estate industry.

If you’re an Ontario Realtor or considering becoming one, it’s important to understand what this means for you and your future.

In this blog post, we’ll explore the benefits of having health benefits as well as how this may affect the real estate market in Ontario.

So, let’s embark on this thrilling journey together and unlock the secrets of many Ontario Realtor’s and them having to face future mandatory health benefits!

Phone: 416.578.5973
Email: [email protected]
Website: StevenSarasin.com

Click here to read more from our Blog Page!

Click here to visit my Instagram!

Click here to read more on OREA benefits.

Ontario realtors face mandatory health benefits for 2024.



Starting January 1st, 2024, the OREA has mandated mandatory health benefits for all Ontario Realtor’s operating in the province. This means that every realtor will be required to have basic health coverage, including dental and vision care.

The new legislation is aimed at ensuring that all Ontario Realtor’s are healthy and protected while on the job. With this mandate in effect, agents can focus on providing quality services to their clients without worrying about their medical expenses or unexpected illnesses.

This move by the OREA also shows its commitment to taking care of those who work hard to make a living in Ontario’s booming real estate industry. By making these changes, they are helping ensure that everyone has access to affordable healthcare when they need it most.

While some may see this as an added expense for businesses and independent contractors alike, it’s important to remember that investing in your health now can save you money down the line. Not only does having proper healthcare give peace of mind, but being able to access preventative care early on could prevent bigger issues from developing later.

While there may be some initial adjustments needed for those affected by this change, ultimately it is a positive step towards supporting our hardworking Ontario Realtors’ wellbeing both personally and professionally.

Background information



By providing a full range of benefits, the proposed programme seeks to solve the issue of many realtors without private health insurance. Tania Artenosi, the president of OREA, emphasised that the ORWP will be a first of its sort in North America. The programme offers virtual mental health support and healthcare coverage, as well as life insurance, critical illness insurance, emergency medical travel insurance while travelling outside of the country, accidental death and dismemberment insurance, and member and family aid programmes.

The standard plan for any Ontario Realtor, would cost members about $600 a year, and they would be responsible for covering the cost of any additional dental, vision, or extended coverage options. Notably, there would be no opt-out option available for OREA members who already have coverage through other carriers, and the programme would be required for all OREA members, regardless of age. Some realtors have expressed worry about the problem of diminished benefits for people who are 65 years old and older.

All province members and any  Ontario Realtor, will have access to the proposal if it is authorised. Participant eligibility will not be determined by a medical examination or questionnaire. In the video, Artenosi says, “That’s big.” Members with pre-existing medical conditions are not eligible for critical illness insurance payouts for those conditions, although they are still eligible for other features of the regular plan, such as prescription coverage for those conditions.

The programme will cover accidental death and dismemberment insurance, critical illness insurance, out-of-country emergency medical travel insurance, and life insurance to any Ontario Realtor.

Additionally, there is a member and family aid programme that offers virtual mental health help in addition to healthcare coverage, which includes prescription drug coverage with a $750 cap, paramedical service coverage with a $750 cap (including massage, chiropractic, and other treatments), and medical supply coverage with a $500 cap.

What this means for any Ontario Realtor



The mandatory health benefits for Ontario Realtors in 2024 will bring about several changes. It means that all real estate brokerages must provide their agents with a minimum level of health coverage. This includes prescription drugs, paramedical services, and mental health support.

For many realtors who work as independent contractors, this is a significant change since they are not typically offered traditional employee benefits packages. However, the new legislation ensures that all realtors have access to affordable healthcare options.

Moreover, having access to health benefits can improve the overall wellbeing of Ontario’s real estate workforce. Realtors put in long hours and face high levels of stress while dealing with clients’ demands and market fluctuations. With proper medical care available at their fingertips, they can focus on providing top-notch service without worrying about their personal well-being.

While this may be an adjustment for some brokers and agents initially, It is a positive step forward towards recognising the importance of good healthcare coverage for everyone working in the industry.

What are the benefits of having health benefits?

As a real estate agent in Ontario, you may be wondering what the benefits of having health benefits are. Having access to healthcare can provide peace of mind for both you and your family. Knowing that you have coverage for unexpected medical expenses can alleviate stress and allow you to focus on your work with ease.

Most Realtors Appose of it, just because, it was mandated and many were not given an option or choice either. 

In addition, having health benefits may lead to increased job satisfaction and productivity. When employees feel valued by their employer through the provision of comprehensive healthcare coverage, they are more likely to be engaged and motivated in their work.

Moreover, regular check-ups and preventative care provided through health plans can promote better overall health outcomes. This means fewer sick days taken by employees, which translates into higher productivity levels for employers.

Offering competitive health benefits packages as an employer can attract top talent within the industry and contribute positively to employee retention rates. As a result, it becomes easier to build a strong team that is dedicated to consistently delivering exceptional services.

There are several advantages to providing healthcare insurance for realtors in Ontario beyond just fulfilling legal requirements, including enhanced mental wellbeing among agents along with potential boosts in workplace morale and efficiency, making it valuable not just from an individual standpoint but also from an organiZational perspective.

How will this affect the real estate market in Ontario?

The mandatory health benefits for Ontario realtors may have a significant impact on the real estate market in the province. With this new regulation, some real estate agents may choose to leave the industry altogether as they can no longer afford to work without employer-provided health coverage.

This could lead to a slight decrease in competition among realtors and potentially drive up commission rates for those who remain. However, it’s also possible that more established brokerages will step in and offer comprehensive health benefits packages as a way of attracting top talent.

Additionally, with improved access to healthcare, we may see an uptick in home sales as individuals feel more secure about their overall well-being and financial stability. This could be particularly impactful for first-time homebuyers who are just entering the market and looking for added reassurance before making such a substantial investment.

While there is still much uncertainty surrounding how this mandate will play out within the industry, one thing is clear: it has the potential to significantly shape Ontario’s real estate landscape over time.


The mandatory health benefits for Ontario realtors starting in 2024 are a positive step forward for the industry. It ensures that realtors have access to essential services and support when they need it most. As a result, this will create a healthier workforce, which translates to happier clients and better business outcomes.

While some may see this as an added cost to their operations, providing health benefits can actually attract top talent and increase employee retention rates. In turn, this can lead to increased productivity and revenue.

The future implementation of mandatory health benefits shows that the OREA recognises the importance of supporting small businesses like those in the real estate industry. By prioritising their well-being, we can ensure continued growth and success in one of Canada’s busiest housing markets.

To learn more click here.

Phone: 416.578.5973
Email: [email protected]
Website: StevenSarasin.com

Click here to read more from our Blog Page!

Click here to visit my Instagram!

Click here to learn more on OREA benefits

Post a Comment