CREA’s Board of Directors has voted to add sold and historical data to the property listings on Realtor.ca without the need for a login.

In a message to real estate boards across the country, CREA says the move comes “in order to meet consumer demand and at the request of Realtors and boards.”



It says, “In addition to responding to requests from members, this will ensure we continue to offer leading edge services on the best real estate website in Canada.”

A Competition Tribunal decision in July 2016 found that by not including sold and other data in its VOW feed to members, TREB had engaged in anti-competitive acts. An appeal court upheld the decision and on Aug. 23 of this year, the Supreme Court of Canada announced that it would not hear TREB’s appeal. CREA supported TREB at the tribunal and had intervenor status in the proceedings.

TREB is now supplying the disputed data to its member VOWs.

CREA media relations officer Pierre Leduc says that before the sold data can be displayed on Realtor.ca, each real estate board must request that the information be added. CREA will then work with the boards, the provincial associations and the regulators to ensure that it complies with all laws and regulations.

“We’ll have to check with the boards to see what historic sold data they have access to, and how far back that data will go,” says Leduc.

Only historic sold prices will be posted and not pending solds, he says. Pending solds were part of the Competition Tribunal order for VOWs, but consumers and Realtors are concerned about privacy issues on deals that have yet to close.

Leduc says CREA hopes to have the sold data rolled out on Realtor.ca as soon as possible.

47 COMMENTS

  1. Do we ever get to vote on some of these things rather than the people we pay money to? The point is well taken that we as Realtors have to pay to Land Title /Registry offices to get the necessary information in the first place to start the process.
    Bob Hawgood

  2. I as a 36 year Realtor am so happy I no longer have pay for any of this info as I am retired. I’ve paid into this business for all these years only to now give it out to all free. What ever happened to all the privacy issues where we as Realtors we must have in writing from Buyers and Sellers to provide that information to the general public!!!!!
    We are the most regulated “licensed professionals” in this country.
    Not only do Realtor’s cut each others income to the bare bone they continue to pay for the privilege.

    Ruthie you are living in a dream world ….. your fees have a lot of salaries to pay!!

  3. I’m sure that our American counterparts are thinking how smart the Realtors® in Canada are. The fact is sold data is now public – there’s no going back and it doesn’t diminish the value of Agents one iota. Sold data has been available in the US for years. CREA is very smart to get on board with providing a complete picture for consumers. For those that think it’s wrong; do you think it’s okay to have VOW’s and Zillow trying to elbow their way in use the data to generate leads that are sold back to Agents?

  4. Realtor.ca is announcing this because they don’t want other websites to steal their thunder! Better join them than get beat!

    • Too late. viewpoint.ca has been providing this for many years in Nova Scotia already.
      And it’s already happening in parts of British Columbia. See zealty.ca

  5. Can someone answer this for me….. As Realtors we built the database of sold listings which we now provide at no cost to the general public. The land registry data is already ‘public’ and yet as Realtors we have to pay dearly for access to this information. Why can we not have access to this PUBLIC information at no cost as well ?

    • Excellent point Bob. It make no sense that registry data is sold to One company that then dictates how much we can access and at a huge price.

    • This has been my question all along too. Anyone is free to take the courses, get their license, pay the $5K initiation and annual dues to support the database… The registry has been and is available to all. Is it the public that are being unreasonable ?

  6. Should not the Seller have an option to opt of having the selling price disclosed? If transparency is so important, when will auto dealers be required to disclose the selling price of their vehicles that they advertise online?

    • This is a faulty comparison. Most automobiles are not unique and the value does not vary greatly by neighborhood, so price discovery is easy without sale data. Automobile prices are relatively stable overtime, and cheap ones are available regardless of location.

      Realtors should want this data public anyway. Faster price discovery should result in quicker sales, increasing overall volume of transactions. Isn’t that all realtors really care about anyway?

  7. I think it’s bullshit how CREA is jumping on a bandwagon to appease consumers but isn’t thinking about us, realtors. Homeowner’s should HAVE THE RIGHT to not disclose information, otherwise this is just wrong.

  8. I haven’t seen anywhere if an owner or seller has a right not to disclose their purchase/selling price. What up, Bro?? The Privacy Act??

    • You can walk into any municipality in Canada and pull the registry information for a property and see the full history including purchase price, legal names, mortgage/loan holder and amount and liens – this is public information. You can also subscribe to on-line services that also show this information. Realtors and Boards have the full history including how many times it was listed, did it expire and how many days on market did it take to sell. This information can help advise both buyers and sellers of trends, pricing, conditions and assist them in making more informed decisions.

        • We can get some of the information for free, including the sales price. BC Assessment shows 3 years of sales information for every property in the province whether the property sold through MLS or not. Completely public. Completely free.

      • not in Ontario. registry offices are provincial. municipalities are governed by mpac who does not allow them to disclose information on individuals. only tax data is available usually for a fee.

  9. Knowing what properties sold for is only one part of valuating a property, there is alot more that go into doing a proper valuation than just looking at sold prices… remember that when you look at a sold prices, you’re looking to the pass, it only tells you what buyers were willing to pay, but it doesn’t tell you anything about the neighbourhood today, or the possibilities to come, and both of those are just as important as looking back, if not more… and only a full time Realtor can is capable of knowing enough of the neighbourhood and it’s future to be able to do a proper valuation.

  10. The majority of our industry is riddled with “agents” who are doing it part-time, sell less than 3 homes a year and frankly don’t spend the time to study, research and act as “fiduciaries” to their clients. 10% of the agents are doing 90% of the business and many of those agents are very skilled and bring great value to the buying and selling process. However, the agent image has suffered due to the majority and many times I’m embarrassed by my industry. We are also dealing with local Boards and Provincial associations that frequently contradict each other; and with decreasing margins in brokerages many are struggling to reinvent themselves.

    This is good news for our industry and to those companies and leaders who want to be fully transparent to the consumer and who can bring greater value in the consultation and search process. It’s better that the consumer gets the information directly from their Realtors or from Realtor.ca without jumping through hoops rather than from companies who are just repurposing this data and their revenue model is to sell the consumer back to the Realtor and Brokerages that supplied them the data in the first place.

    We are living in the Costco and Amazon era and there is no going back. Businesses and people who cannot continue to create “value” to the public will suffer and others will emerge. I believe that the Canadian Real Estate Association (CREA) is changing its tune and I’m hopeful CREA will further enable and arm their membership with tools and information to the benefit of both agent and consumer.

    So let’s put on our big boy pants and show the consumer and each other what we can do for them.

    Sunny Daljit
    Broker/Owner/Partner
    
Keller Williams Mississauga Offices (Realty Solutions & Real Estate Associate)
    Keller Williams Ottawa Office (Integrity Realty)

  11. Excellent Excellent work CREA and quickly expedited …..thank you.
    Realtor.ca is going to be the number #1 real estate site for Consumers.

  12. ComFREE…… is praying all real estate boards in Canada agree to provide CREA with SOLD data. Imagine a FSBO company getting access to all the sold data in Canada. Purple Bricks the new owner must be licking its lips! …..Property Guys too!

    Once CREA gets it, IT MUST BE INCLUDED IN THE DDF and a simple Competition Bureau Complaint will get it to ComFREE no matter what more misleading infro CREA sell you. Read the DDF documentations from its onset.

    Royal Lepage and Re/MAX Corporate who already have the DDF feed will demand it too because it’s easier to get one DDF feed than 69 different ones from each mls system.

    Lambs lead to the Slaughter. If think it was hard getting eyes on your website today wait til these big corporations get it through the DDF.

    Now OREA knows the reason why direct licensing of the REALTOR trademark by real estate boards no longer requires Provincial passthrough.

    Can you imagine building your business for decades, working as ethically as you can for your clients and then seeing all your business thrown out because of the DDF.

    BTW all those hundreds of thousands of dollars spent on Corporate Governance Consulting you paid for…..well it now results in CREA protecting CREA ahead of its members and TREB protecting TREB ahead of its members too! That’s a fact Jack!!

  13. At the end of the day transparency is most important-but then so are the details and accuracy of all listings!

  14. It should be retrieved from the Municipality the sold data is delayed. If it’s being retrieved from the local boards then our fees most definitely be REDUCED!

  15. So does that mean a realtor’s dues to his local real estate board will go down ?
    If the public now will get the sales info for free from Realtor.ca, then we will as well.
    So who pays the freight for having the Geowarehouse info inputted onto Realtor.ca ?
    Let me guess…………

  16. I thought that the data could only be accessed thru a secure login on an agent or brokerage website. At least that way the agent can capture a lead. if the information is on realtor.ca then there’s no need for agents or brokerages to make it available.

    • The value of a home for the purpose of re-sale is based on more than a historical sold price as we all know. It takes a professional to properly value a home compared to other similar homes. Having stated that, Comparative Market Value is just one of a number of ways to establish value. That is where a professional Realtor® comes in. And doing a CMV is one of multiple services provided too. “What’s your home worth?” is just one question for a professional Realtor® to consider. We just have to ensure that the home seller and buyer consider the dimensions of that simple question and consider other services that go with those answers as well.

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