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The initialism "CSA" is now used in both official languages. [7] In the 1950s, CSA established international alliances in Britain, Japan, and the Netherlands, to expand its scope in testing and certification. Testing labs were expanded from their first in Toronto, to labs in Montreal, Vancouver, and Winnipeg. [citation needed]
Canadian securities regulation is managed through the laws and agencies established by Canada's 10 provincial and 3 territorial governments. Each province and territory has a securities commission or equivalent authority with its own provincial or territorial legislation.
The Canadian Real Estate Association (CREA; French: L'Association Canadienne de l'Immeuble, ACI) is a trade association that represents real estate brokers, agents, and salespeople in Canada. [ 2 ] CREA's membership includes over 130,000 individuals, working through 90 real estate boards and associations across Canada. [ 2 ]
The CAN/CSA A770-16 Home Inspection Standard was funded by three provincial governments with the intent to be the unifying standard for home inspections carried out within Canada. It is the only home inspection standard that has been endorsed by the Standards Council of Canada.
Canada is a nation heavily dependent on the real estate industry which accounted for roughly 14% of its GDP in 2020 [126] and over 20% in 2023. [127] There is a high risk that if investor sentiment changes, buyer demand may drop significantly, triggering a vicious cycle of prices declines that snowball . [ 128 ]
In Canada, each province and territorial government has its own statutes for real estate, but within the same legal framework for the country which is based on the older English common law. Whilst Quebec's code is based on common law, which was once based upon the older Napoleonic Code. Then, foreign laws are only allowed to be used in special ...
The CSA consists of the securities regulators of the 10 provincial and 3 territorial governments of Canada. [8] The CSA Chairs are the respective chairs of the securities regulators of the 10 provinces and 3 territories of Canada. [9] They meet quarterly in person. A chair and vice-chair of the CSA are elected by members for two year terms. [8]
The Ontario Association of Real Estate Boards (later renamed the Ontario Real Estate Association) was founded in 1922 to organize real estate activities on a province-wide basis. [citation needed] In 1930, the Ontario government brought into law the Real Estate and Business Brokers Act. The government of Ontario codified and regulated the real ...