The Ontario’s real estate regulator has frozen the bank accounts of the specialized boutique brokerage firm Graydon Hill Realty Ltd. at 123 Merton St. between Yonge and Mt Pleasant. It’s reported that the regulator found what it called irregularities. The Real Estate Council of Ontario has been quoted as saying that its chief executive officer Tom Wright had issued the freeze order to protect consumers following an inspection which uncovered the irregularities in the accounts. No other details were released. The firm does business in the wealthy Forest Hill and Moore Park areas of central Toronto. It employs about 30 people.
