iPro trust account shortfall highlights real estate transparency failures: Ed Carmichael

Ed Carmichael, managing lawyer at Ownright, a Toronto-based digital platform for real estate transactions, speaks about the urgent need for greater transparency and stronger oversight in Ontario’s real estate sector. Drawing on the recent iPro trust account shortfall, he outlines how gaps in regulatory audits and outdated industry practices leave both clients and lawyers vulnerable. Carmichael also discusses how technology can address these risks by providing real-time updates and clarity throughout the transaction process.