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Federal Court of Appeal upholds decision in favour of real estate innovation


Opening up access to real estate data will allow member agents to offer consumers the convenience of data-driven insights into home sales prices and trends via the web, and to improve the efficiency and quality of their services. The 2016 order followed ...

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Federal Court of Appeal upholds decision in favour of real estate innovationif (window.performance) {window.performance.mark && window.performance.mark('SideTop-0-HeadComponentTitle');window.performance.measure && window.performance.measure('SideTop-0-HeadComponentTitleDone','PageStart','SideTop-0-HeadComponentTitle');}
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Toronto Real Estate Board must stop restricting its members' use of real estate dataOTTAWA, Dec

1, 2017 /CNW/ - The Commissioner of Competition welcomes the Federal Court of Appeal's ruling today in favour of competition and innovation in the Bureau's abuse of dominance case against the Toronto Real Estate Board (TREB).The decision upholds an order issued by the Competition Tribunal in 2016 that requires TREB to remove restrictions on its members' access to real estate data - including historical listings and sale prices - for display online through virtual office websites.This will allow home buyers and sellers to take advantage of a greater range of service options when making one of the most significant financial transactions of their lives

Opening up access to real estate data will allow member agents to offer consumers the convenience of data-driven insights into home sales prices and trends via the web, and to improve the efficiency and quality of their services.The 2016 order followed the Tribunal's earlier ruling in favour of the Commissioner of Competition when it concluded that TREB ‎has abused its dominant position in the Toronto residential real estate services market.Quick facts
  • Toronto is one of Canada's most expensive and least affordable housing markets

    The average selling price of a home in Toronto has gone up from $485,520 to $780,104 since the Bureau commenced its litigation against TREB in May 2011

    The average sale price of a detached home sold through the TREB MLS is now more than a million dollars.
  • The Bureau's case against TREB has been ongoing since 2011, when the Commissioner filed an application with the Competition Tribunal challenging the restrictions that TREB imposes on its members' use and display of data in the Toronto Multiple Listing Service (MLS) system

  • Greater competition generally means lower prices, better product quality, increased consumer choice and innovation, all of which benefit not only individual Canadians but the economy as a whole.Quote"Today's decision is an important win for competition and for consumers – it paves the way for much needed innovation in the real estate industry

    Anti-competitive activity that hinders innovation in the Canadian economy will continue to be a top priority for the Bureau."John PecmanCommissioner of CompetitionRelated InformationFederal Court of Appeal's summary of its decision Federal Court of Appeal decisionAssociated linksJune 3, 2016: Bureau welcomes Tribunal order addressing anti‑competitive Toronto real estate practicesMay 10, 2016: Competition Bureau releases detailed summary of reasons in Toronto real estate decisionApril 28, 2016: Competition Tribunal rules in favour of the Commissioner in Toronto real estate caseJuly 24, 2014: Supreme Court Denies Toronto Real Estate Board's Application for Leave to Appeal Pro-Competitive Federal Court of Appeal RulingFebruary 3, 2014: Federal Court of Appeal Overturns Competition Tribunal Ruling on Toronto Real Estate Board CaseMay 14, 2013: Competition Bureau Appeals Competition Tribunal Ruling In Toronto Real Estate Board CaseApril 15, 2013: Competition Bureau to Review Competition Tribunal RulingMay 27, 2011: Competition Bureau Sues Canada's Largest Real Estate Board for Denying Services Over the Internet The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.www.competitionbureau.gc.caEnquiries/Complaints Stay connected span.prnews_span{font-size:8pt !important;font-family:"Arial" !important;color:black !important;} a.prnews_a{color:blue !important;} li.prnews_li{font-size:8pt !important;font-family:"Arial" !important;color:black !important;} p.prnews_p{font-size:0.62em !important;font-family:"Arial" !important;color:black !important;margin:0in !important;} ;}
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data\u003C\u002Fi\u003E","length":84,"tagName":"p"},{"type":"text","content":"\u003Cspan class=\"xn-location\"\u003EOTTAWA\u003C\u002Fspan\u003E, \u003Cspan class=\"xn-chron\"\u003EDec

    1, 2017\u003C\u002Fspan\u003E \u002FCNW\u002F - The Commissioner of Competition welcomes the Federal Court of Appeal's ruling today in favour of competition and innovation in the Bureau's abuse of dominance case against the Toronto Real Estate Board (TREB).","length":238,"tagName":"p"},{"type":"text","content":"The decision upholds an order issued by the Competition Tribunal in 2016 that requires TREB to remove restrictions on its members' access to real estate data - including historical listings and sale prices - for display online through virtual office websites.","length":259,"tagName":"p"},{"type":"text","content":"This will allow home buyers and sellers to take advantage of a greater range of service options when making one of the most significant financial transactions of their lives

    Opening up access to real estate data will allow member agents to offer consumers the convenience of data-driven insights into home sales prices and trends via the web, and to improve the efficiency and quality of their services.","length":404,"tagName":"p"},{"type":"text","content":"The 2016 order followed the Tribunal's earlier ruling in favour of the Commissioner of Competition when it concluded that TREB ‎has abused its dominant position in the \u003Cspan class=\"xn-location\"\u003EToronto\u003C\u002Fspan\u003E residential real estate services market.","length":216,"tagName":"p"},{"type":"text","content":"\u003Cb\u003EQuick facts\u003C\u002Fb\u003E","length":11,"tagName":"p"},{"type":"list","listItems":["\u003Cspan class=\"xn-location\"\u003EToronto\u003C\u002Fspan\u003E is one of \u003Cspan class=\"xn-location\"\u003ECanada's\u003C\u002Fspan\u003E most expensive and least affordable housing markets

    The average selling price of a home in \u003Cspan class=\"xn-location\"\u003EToronto\u003C\u002Fspan\u003E has gone up from \u003Cspan class=\"xn-money\"\u003E$485,520 to $780,104\u003C\u002Fspan\u003E since the Bureau commenced its litigation against TREB in \u003Cspan class=\"xn-chron\"\u003EMay 2011\u003C\u002Fspan\u003E

    The average sale price of a detached home sold through the TREB MLS is now more than a million dollars."],"listTagType":"ul"},{"type":"list","listItems":["The Bureau's case against TREB has been ongoing since 2011, when the Commissioner filed an application with the Competition Tribunal challenging the restrictions that TREB imposes on its members' use and display of data in the Toronto Multiple Listing Service (MLS) system

    "],"listTagType":"ul"},{"type":"list","listItems":["Greater competition generally means lower prices, better product quality, increased consumer choice and innovation, all of which benefit not only individual Canadians but the economy as a whole."],"listTagType":"ul"},{"type":"text","content":"\u003Cb\u003EQuote\u003C\u002Fb\u003E","length":5,"tagName":"p"},{"type":"text","content":"\"Today's decision is an important win for competition and for consumers – it paves the way for much needed innovation in the real estate industry

    Anti-competitive activity that hinders innovation in the Canadian economy will continue to be a top priority for the Bureau.\"","length":272,"tagName":"p"},{"type":"text","content":"\u003Cspan class=\"xn-person\"\u003EJohn Pecman\u003C\u002Fspan\u003E\u003Cbr\u003ECommissioner of Competition","length":39,"tagName":"p"},{"type":"text","content":"\u003Cb\u003ERelated Information\u003C\u002Fb\u003E","length":19,"tagName":"p"},{"type":"text","content":"\u003Ca target=\"_blank\" href=\"http:\u002F\u002Fcas-cdc-www02.cas-satj.gc.ca\u002Fportal\u002Fpage\u002Fportal\u002Ffca-caf_eng\u002Fnew\" rel=\"nofollow noopener\"\u003EFederal Court of Appeal's summary of its decision\u003C\u002Fa\u003E ","length":55,"tagName":"p"},{"type":"text","content":"\u003Ca target=\"_blank\" href=\"https:\u002F\u002Fdecisions.fca-caf.gc.ca\u002Ffca-caf\u002Fdecisions\u002Fen\u002Fitem\u002F301595\u002Findex.do\" rel=\"nofollow noopener\"\u003EFederal Court of Appeal decision\u003C\u002Fa\u003E","length":32,"tagName":"p"},{"type":"text","content":"\u003Cb\u003EAssociated links\u003C\u002Fb\u003E","length":16,"tagName":"p"},{"type":"text","content":"\u003Cspan class=\"xn-chron\"\u003EJune 3, 2016\u003C\u002Fspan\u003E: \u003Ca target=\"_blank\" href=\"http:\u002F\u002Fwww.competitionbureau.gc.ca\u002Feic\u002Fsite\u002Fcb-bc.nsf\u002Feng\u002F04100.html\" rel=\"nofollow noopener\"\u003EBureau welcomes Tribunal order addressing anti‑competitive \u003Cspan class=\"xn-location\"\u003EToronto\u003C\u002Fspan\u003E real estate practices\u003C\u002Fa\u003E","length":102,"tagName":"p"},{"type":"text","content":"\u003Cspan class=\"xn-chron\"\u003EMay 10, 2016\u003C\u002Fspan\u003E: \u003Ca target=\"_blank\" href=\"http:\u002F\u002Fwww.competitionbureau.gc.ca\u002Feic\u002Fsite\u002Fcb-bc.nsf\u002Feng\u002F04078.html\" rel=\"nofollow noopener\"\u003ECompetition Bureau releases detailed summary of reasons in \u003Cspan class=\"xn-location\"\u003EToronto\u003C\u002Fspan\u003E real estate decision\u003C\u002Fa\u003E","length":101,"tagName":"p"},{"type":"text","content":"\u003Cspan class=\"xn-chron\"\u003EApril 28, 2016\u003C\u002Fspan\u003E: \u003Ca target=\"_blank\" href=\"http:\u002F\u002Fwww.competitionbureau.gc.ca\u002Feic\u002Fsite\u002Fcb-bc.nsf\u002Feng\u002F04071.html\" rel=\"nofollow noopener\"\u003ECompetition Tribunal rules in favour of the Commissioner in \u003Cspan class=\"xn-location\"\u003EToronto\u003C\u002Fspan\u003E real estate case\u003C\u002Fa\u003E","length":100,"tagName":"p"},{"type":"text","content":"\u003Cspan class=\"xn-chron\"\u003EJuly 24, 2014\u003C\u002Fspan\u003E: \u003Ca target=\"_blank\" href=\"http:\u002F\u002Fwww.competitionbureau.gc.ca\u002Feic\u002Fsite\u002Fcb-bc.nsf\u002Feng\u002F03781.html\" rel=\"nofollow noopener\"\u003ESupreme Court Denies Toronto Real Estate Board's Application for Leave to Appeal Pro-Competitive Federal Court of Appeal Ruling\u003C\u002Fa\u003E","length":142,"tagName":"p"},{"type":"text","content":"\u003Cspan class=\"xn-chron\"\u003EFebruary 3, 2014\u003C\u002Fspan\u003E: \u003Ca target=\"_blank\" href=\"http:\u002F\u002Fwww.competitionbureau.gc.ca\u002Feic\u002Fsite\u002Fcb-bc.nsf\u002Feng\u002F03656.html\" rel=\"nofollow noopener\"\u003EFederal Court of Appeal Overturns Competition Tribunal Ruling on Toronto Real Estate Board Case\u003C\u002Fa\u003E","length":113,"tagName":"p"},{"type":"text","content":"\u003Cspan class=\"xn-chron\"\u003EMay 14, 2013\u003C\u002Fspan\u003E: \u003Ca target=\"_blank\" href=\"http:\u002F\u002Fwww.competitionbureau.gc.ca\u002Feic\u002Fsite\u002Fcb-bc.nsf\u002Feng\u002F03567.html\" rel=\"nofollow noopener\"\u003ECompetition Bureau Appeals Competition Tribunal Ruling In Toronto Real Estate Board Case\u003C\u002Fa\u003E","length":102,"tagName":"p"},{"type":"text","content":"\u003Cspan class=\"xn-chron\"\u003EApril 15, 2013\u003C\u002Fspan\u003E: \u003Ca target=\"_blank\" href=\"http:\u002F\u002Fwww.competitionbureau.gc.ca\u002Feic\u002Fsite\u002Fcb-bc.nsf\u002Feng\u002F03559.html\" rel=\"nofollow noopener\"\u003ECompetition Bureau to Review Competition Tribunal Ruling\u003C\u002Fa\u003E","length":72,"tagName":"p"},{"type":"text","content":"\u003Cspan class=\"xn-chron\"\u003EMay 27, 2011\u003C\u002Fspan\u003E: \u003Ca target=\"_blank\" href=\"http:\u002F\u002Fwww.competitionbureau.gc.ca\u002Feic\u002Fsite\u002Fcb-bc.nsf\u002Feng\u002F03379.html\" rel=\"nofollow noopener\"\u003ECompetition Bureau Sues Canada's Largest Real Estate Board for Denying Services Over the Internet\u003C\u002Fa\u003E","length":111,"tagName":"p"},{"type":"text","content":" ","length":6,"tagName":"p"},{"type":"text","content":"The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.","length":165,"tagName":"p"},{"type":"text","content":"\u003Ca target=\"_blank\" href=\"http:\u002F\u002Fwww.competitionbureau.gc.ca\u002Feic\u002Fsite\u002Fcb-bc.nsf\u002Feng\u002Fh_00000.html\" rel=\"nofollow noopener\"\u003Ewww.competitionbureau.gc.ca\u003C\u002Fa\u003E\u003Cbr\u003E\u003Ca target=\"_blank\" href=\"http:\u002F\u002Fwww.competitionbureau.gc.ca\u002Feic\u002Fsite\u002Fcb-bc.nsf\u002Ffrm-eng\u002FGH%C3%89T-7SEN3J\" rel=\"nofollow noopener\"\u003EEnquiries\u003C\u002Fa\u003E\u002F\u003Ca target=\"_blank\" href=\"http:\u002F\u002Fwww.competitionbureau.gc.ca\u002Feic\u002Fsite\u002Fcb-bc.nsf\u002Ffrm-eng\u002FGH%C3%89T-7TDNA5\" rel=\"nofollow noopener\"\u003EComplaints\u003C\u002Fa\u003E \u003Cbr\u003E\u003Ca target=\"_blank\" href=\"http:\u002F\u002Fwww.competitionbureau.gc.ca\u002Feic\u002Fsite\u002Fcb-bc.nsf\u002Feng\u002F00228.html\" rel=\"nofollow noopener\"\u003EStay connected\u003C\u002Fa\u003E","length":69,"tagName":"p"},{"type":"text","content":" ","length":6,"tagName":"p"},{"type":"text","content":"\u003Cstyle\u003Espan.prnews_span{font-size:8pt !important;font-family:\"Arial\" !important;color:black !important;} a.prnews_a{color:blue !important;} li.prnews_li{font-size:8pt !important;font-family:\"Arial\" !important;color:black !important;} p.prnews_p{font-size:0.62em !important;font-family:\"Arial\" !important;color:black !important;margin:0in !important;} ;} \u003C\u002Fstyle\u003E","length":346}],"verticalVideo":null,"summary":"Toronto Real Estate Board must stop restricting its members' use of real estate data OTTAWA , Dec

    1, 2017 \u002FCNW\u002F - The Commissioner of Competition welcomes the Federal Court of Appeal's ruling today in ...","tagsInfo":{},"site":"finance","searchNoIndex":"false","blogSite":"finance","author":null,"thumbnail":null,"payoffs":{},"url":"https:\u002F\u002Ffinance.yahoo.com\u002Fnews\u002Ffederal-court-appeal-upholds-decision-222200087.html","alias":"ymedia-alias:story=federal-court-appeal-upholds-decision-222200087","provider":{"name":"PR Newswire","url":"http:\u002F\u002Fwww.prnewswire.com\u002Fyahoo\u002F","logo":{"size":{"raw":{"url":"https:\u002F\u002Fs.yimg.com\u002Fuu\u002Fapi\u002Fres\u002F1.2\u002FARxkk6ZFUHXLgmcucvaXAA--~B\u002FYXBwaWQ9eXRhY2h5b24-\u002Fhttps:\u002F\u002Fmedia.zenfs.com\u002Fcreatr-images\u002FGLB\u002F2018-03-08\u002F9e004e10-22e7-11e8-ab4d-c594513e2b46_prn_cision_logo.png"}}}},"ibsImages":null,"contentType":"story","publishDateStr":"December 1, 2017","vibePost":null,"pending":false,"cover":null,"title":"Federal Court of Appeal upholds decision in 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