Saturday, 2 December 2017

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

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. With this Decision      
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.

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.
TREB wants that information to be disclosed directly by realtors to their clients.

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