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.com
  • Business
  • Real Estate
    Court rules Toronto Real Estate Board must make detailed home prices public

    Last April, the Competition Tribunal ruled the Toronto Real Estate Board prevented competition, stifled digital innovation by prohibiting its realtor members from posting sales data 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)
    By Tess KalinowskiReal Estate ReporterFri., Dec

    1, 2017
  • 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 Canada’s Competition Tribunal that ordered the Toronto Real Estate Board to allow its members to share the sales histories of listed properties online.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 Below
    Realtors 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:


  • Real estate agents using social media
  • Mortgage Rates Post Significant Drop
  • Real estate broker draws complaints (Miami Herald)
  • RE/MAX 10 Opens Chicago Real Estate Office And New Facilities In Suburbs
  • Real estate pulse (The Myrtle Beach Sun News)
  • Real estate agent caught on video saving shark
  • Vail Valley: Gary Pesso joins Sonnenalp Real Estate (Vail Daily)
  • Celebrity Real Estate News: Christie Brinkleys Hamptons Home For Sale
  • Julian Knight: At long last, a new mortgage that makes you take notice
  • NAI Cravey Real Estate Services new leasing agent at One Shoreline Plaza (Corpus Christi Caller-Times)
  • ASB drops floating mortgage rates, but experts caution over-borrowing (3news)
  • Mortgage lending at 22-month high (Guardian Unlimited)
  • Mortgage fraud incidents rise 7 pct last year
  • ANN ARBOR: New Realtors join Reinhart Company
  • HSBC to step up mortgage lending in India (Business Times (Malaysia))
  • Estate agent quits over criminal past
  • Don Breth, city leader, real estate agent, dies (Chillicothe Gazette)
  • Dealing with an unaffordable mortgage and a mountain of debt
  • Century 21 expands into district
  • Home sellers forgo agents, go FSBO