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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The Toronto Real Estate Board (TREB) has filed an appeal to stay the Competition Tribunal's order which requires TREB to stop its "anti-competitive practices".

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In an email statement to REM, TREB confirmed that they have filed a Notice of Appeal and are reviewing the Competition Tribunal’s recent order but are saying little else, stating that “the matter is still before the courts.”

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The Toronto Real Estate Board has served a Notice to Appeal to the Commissioner of Competition, alleging that the Competition Tribunal erred when it ruled against TREB on April 27.

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After hearing nearly a full day of oral submissions from lawyers on proposed remedies for TREB’s anti-competitive behaviour, the Competition Tribunal closed the day by summarizing its general position.

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While the Competition Tribunal has partially granted the Commissioner of Competition’s application against the Toronto Real Estate Board (TREB), it remains to be seen what the specific terms of the ruling will be.

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The Competition Tribunal finds that TREB’s rules “have substantially reduced the degree of non-price competition in the supply of MLS-based residential real estate brokerage services in the GTA.”

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Make no mistake about this whole mess, the issue is about privacy. The private information of homeowners related to the most important thing that is in their possession, their home.

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Lawyers for the Commissioner of Competition and the Toronto Real Estate Board (TREB) presented an overview of their final submissions to the Competition Tribunal in Ottawa Monday.

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The seventh and final day of the evidentiary portion of the Competition Tribunal hearing between the Commissioner of Competition and the Toronto Real Estate Board (TREB) began in Ottawa Wednesday.

RECO warns public about former broker

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Day six of the Competition Tribunal hearing between the Commissioner of Competition and the Toronto Real Estate Board (TREB) continued in Ottawa Tuesday with former TREB CEO Don Richardson resuming his place on the stand.