Tags Posts tagged with "The Commissioner of Competition v. The Toronto Real Estate Board"

The Commissioner of Competition v. The Toronto Real Estate Board

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It’s time to move forward, embrace policies that align with the law, and open the door to innovation in real estate services.

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The outcome of the Competition Bureau’s case against the Toronto Real Estate Board has attracted significant media attention. The case, given its complexity, has been largely misunderstood.

Adam Major

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Vancouver brokerage Holywell Properties is now putting sold prices online for homes sold through the MLS systems of Greater Vancouver, the Fraser Valley and Chilliwack and area on its website at Zealty.ca.

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With the arrival of Zillow and Purplebricks in Canada, and most recently the public release of sold data, you can be sure that our industry will look different one year from now.

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TREB CEO John DiMichele says that despite grumbling in the media that the board has been slow to get the data feed started, “we were up and running well before the 60 days” deadline.

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The Toronto Real Estate Board’s long-running battle with the Competition Bureau finally appears to be at an end, but there are still a lot of questions about how it will impact local boards and if more legal action is coming.

video

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How will “sold data” affect your business? Here are my thoughts on how you can use this huge change to your advantage.

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The Supreme Court of Canada will not hear the Toronto Real Estate Board's appeal of the decision to uphold the Competition Tribunal's ruling that the board had engaged in anti-competitive acts.

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After almost a year of deliberations, the Federal Court of Appeal has dismissed the Toronto Real Estate Board’s appeal in its long-running legal battle with the Competition Bureau.

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The issue of permitting virtual office websites (VOWs) to publicly display sold data – a property’s purchase history – is still before the courts. Just what would VOWs do with the disputed data if it was made public?