Find Real Estate Agents and Homes for Sale


Real Estate News --> News

Court rules Toronto Real Estate Board must make detailed home prices public


Toronto-area home owners and house-hunters are one step closer to being able to find out online how much the house down the street sold for without meeting personally with a real estate agent. A Federal Court of Appeal has upheld an April 2016 decision by ...

View Story

This copy is for your personal non-commercial use only

To order presentation-ready copies of Toronto Star content for distribution to colleagues, clients or customers, or inquire about permissions/licensing, please go to: www.TorontoStarReprints.comStar Business JournalReal EstateCourt rules Toronto Real Estate Board must make detailed home prices publicBy Tess KalinowskiReal Estate ReporterFri., Dec

1, 2017Toronto-area home owners and house-hunters are one step closer to being able to find out online how much the house down the street sold for without meeting personally with a real estate agent.A Federal Court of Appeal has upheld an April 2016 decision by Canada’s Competition Tribunal that ordered the Toronto Real Estate Board to allow its members to share the sales histories of listed properties online.Friday's court decision is a victory for online real estate brokerages that want to provide previous selling prices to their clients via password-protected websites.  (Nathan Denette / THE CANADIAN PRESS file photo)TREB says it will appeal the decision and ask the Supreme Court of Canada to stay the tribunal order that the new rules take effect immediately.Meanwhile, Commissioner of Competition John Pecman says Friday’s ruling is an important win for competition and consumers.“It paves the way for much needed innovation in the real estate industry,” he said in a statement about the case has been going on for six years.Article Continued BelowRealtors say it’s also a victory for online brokerages, which are members of TREB, who want to offer sales histories to their clients online, as well as other information from TREB’s Multiple Listings Service (MLS), such as commission rates, previous listings on the same property and transactions that haven’t closed.TREB wants that information to be disclosed directly by realtors to their clients.In April 2016, the tribunal upheld an argument by the Competition Commissioner that TREB’s restrictions on online realtors was stifling competition and innovation.The court upheld the tribunal’s finding that TREB has the ability to influence the competitive landscape; that it isn’t genuinely concerned with consumer privacy, and that it had

Trending News:


  • D.J. Grubb Sees Most $3-4 Million Homes Purchased All Cash in East Bay
  • Former Chicago real estate broker Lori Brown dies at 58
  • Gazette.Net: Gaithersburg real estate agent returns to reality TV
  • Task force taking down mortgage scammers, one at a time (Las Vegas Sun)
  • Ky. forces company out of mortgage business (The Cincinnati Enquirer)
  • Prudential Real Estate Professionals Joins Berkshire Hathaway HomeServices Real Estate Brokerage Network
  • U.S. Mortgage Rates Rise to 5.14%, Freddie Mac Says (Update1) (Bloomberg)
  • Trulia’s 2016 Celebrity Real Estate Quiz
  • Mortgage giants struggle a year after takeover (The San Francisco Examiner)
  • Mortgage lending hits nine-month high (ShareCast)
  • Vegas real estate firm denies claims (UPI)
  • How to get your real estate offer considered
  • Moscow opportunity changed his life (Chicago Tribune)
  • Hilco Real Estate to Sell BiLo Foods and Other Grocery Locations in Penn Traffic Bankruptcy (Business Wire via Yahoo! Finance)
  • Keller Williams Realty Stafford/Quantico, VA Relaunch Under New Ownership - Management
  • Mortgage rates waver as Fed slows buying (CNN Money)
  • Mortgage relief efforts are criticized (Los Angeles Times)
  • Real estate industry weighs outsider listings access (The Globe and Mail)
  • 5 keys to building a successful real estate brokerage
  • Schwarzenegger signs seven mortgage laws (Los Angeles Times)