Which entity has the authority to amend the Real Estate Act?

The authority to amend the Real Estate Act lies with the Provincial Legislature. This body is responsible for creating, amending, and repealing laws within their jurisdiction, which includes significant pieces of legislation like the Real Estate Act. The process typically involves drafting amendments, discussions, and voting to ensure that the laws reflect current market conditions and protect the interests of consumers and industry professionals alike.

In contrast, while municipal governments, the Real Estate Council, and industry professionals play important roles within the real estate sector—such as enforcing regulations, advising on best practices, or guiding policy—the actual legislative power to amend laws is reserved for the provincial legislature. This ensures that changes to the Real Estate Act are made through a formal legal process that includes democratic oversight and public input.