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Some real estate companies began posting on their website the prices of properties sold within hours of the court's decision considered Toronto's victory.
Regional buyers, who will be able to get sales information directly from online real estate brokerage companies.
The Supreme Court of Canada rejected the Toronto Real Estate Board's appeal on Thursday. TREB)
It took seven years to try to stop brokers from posting selling prices on their passwords
Protected websites force consumers to request from agents.
The Supreme Court is the last stop of seven board members.
In its struggle with the competition commissioner, the Canadian Competition Tribunal and the Federal Court of Appeal have successfully argued that the real estate commission has blocked innovation and competition in the real estate industry by limiting its members to publish real estate sales prices online.
Matthew Boswell, the interim commissioner for competition in Canada, said allowing innovation and competition to flourish in the real estate sector would be beneficial to consumers.
"It's one of the biggest financial decisions people make in their lives.
"This initiative certainly provides more transparency to the market and more innovative services to the public," he said . "
TREB, China's largest real estate commission with 50,000 brokers and agent members, believes that the release of the sale information violates the privacy of the seller and the copyright of the board.
TREB said in a statement that the restrictions on the sale of data will be lifted within 60 days, which is in the order of the 2016 competition tribunal.
It stated that it would look at the follow-up steps to ensure that information was issued in strict accordance with court orders.
This does not prevent some companies, including Zoocasa, from immediately posting information on their website, which can be accessed on Thursday without a password or registration.
Read more: The Toronto Real Estate Commission is waiting for leave to appeal, where house prices in Toronto eventually Rose at JuneCEO Lauren Haw, who said her company decided to immediately give users access to the information.
But, she said, "We will wait for TREB's instructions on how to move on.
"In the early stages of the study, selling prices are useful for both buyers and sellers, but they will continue to need the expertise of real estate agents," said Haw.
However, Haw said she was one of those who wanted to know if it was harmful to announce the price of the property before the end of the transaction.
The price is open if the sale is not completed and if the seller has to re-purchase it may limit what they can getlist.
It is a "gray zone" and Zoocasa will seek guidance from the real estate commission, she said.
Brad Henderson, Sotheby's Canadian CEO, said that if another buyer suddenly stepped in and offered more money for the same property, it could also encourage default.
That's why Manitoba, Quebec and some of the United StatesS.
Securities firms banned their offering, he said.
"In the coming year or even longer, TREB will spend energy and money to ensure that all players in the market comply with the provisions of the law, and may take some legal action test limits with some parties that are going to take legal action, Henderson said: "take advantage of the gray zone. ".
Toronto broker John pascott said his company, Realosophy, is expected to release sales data by Friday, but it will require site users to register to access prices.
A witness from the competition commissioner, Passman, said past sales prices had been obtained online from companies that found or bought data.
He said the board's privacy views were not established either.
"If the price of a house is really" private ", the real estate agent violates the privacy law every day when sending the House to the customer (
And potential customers)
"The property was recently sold," pascott wrote on Twitter on Thursday . ". Condos.
Partner Andrew Harrild said ca is also ready to release solds.
The company has not yet decided when to turn on the data switch, but it has prepared an email indicating how users of its website can access the information.
"You can click on any apartment building in the city and you can see the forms for all the latest deals in the building, whether for sale or for rent," he said . ".
"We have been preparing for this for a while.
We expect this to happen sooner or later.
Realtors who spoke to the Toronto Star said that getting sales data at this point would not change the rules of the game.
The head of Canada's second-largest real estate commission said Vancouver was following the decision closely.
The president of Phil Moore said that there are 14,000 members of the real estate board in Greater Vancouver, hoping to comply with the order of the Canadian Competition Tribunal.
Although neither buyer nor seller has a loud request for information to be sold, he says he understands that the public is interested in getting that information.
"It's easier for people to get information at their fingertips," he said . ".
Tess karlinovsky is from Toronto.
Reporter reporting real estate.
Follow her on Twitter: @ tesskalinowess Kalinowski is from Toronto-
Reporter reporting real estate.
Follow her on Twitter: @ tesskalinowskiSome real estate company started posting property sales prices on their website within hours of the court's decision being considered a victory for Toronto
Regional buyers, who will be able to get sales information directly from online real estate brokerage companies.
The Supreme Court of Canada rejected the Toronto Real Estate Board's appeal on Thursday. TREB)
It took seven years to try to stop brokers from posting selling prices on their passwords
Protected websites force consumers to request from agents.
The Supreme Court is the last stop of seven board members.
In its struggle with the competition commissioner, the Canadian Competition Tribunal and the Federal Court of Appeal have successfully argued that the real estate commission has blocked innovation and competition in the real estate industry by limiting its members to publish real estate sales prices online.
Matthew Boswell, the interim commissioner for competition in Canada, said allowing innovation and competition to flourish in the real estate sector would be beneficial to consumers.
"It's one of the biggest financial decisions people make in their lives.
"This initiative certainly provides more transparency to the market and more innovative services to the public," he said . "
TREB, China's largest real estate commission with 50,000 brokers and agent members, believes that the release of the sale information violates the privacy of the seller and the copyright of the board.
TREB said in a statement that the restrictions on the sale of data will be lifted within 60 days, which is in the order of the 2016 competition tribunal.
It stated that it would look at the follow-up steps to ensure that information was issued in strict accordance with court orders.
This does not prevent some companies, including Zoocasa, from immediately posting information on their website, which can be accessed on Thursday without a password or registration.
Read more: The Toronto Real Estate Commission is waiting for leave to appeal, where house prices in Toronto eventually Rose at JuneCEO Lauren Haw, who said her company decided to immediately give users access to the information.
But, she said, "We will wait for TREB's instructions on how to move on.
"In the early stages of the study, selling prices are useful for both buyers and sellers, but they will continue to need the expertise of real estate agents," said Haw.
However, Haw said she was one of those who wanted to know if it was harmful to announce the price of the property before the end of the transaction.
The price is open if the sale is not completed and if the seller has to re-purchase it may limit what they can getlist.
It is a "gray zone" and Zoocasa will seek guidance from the real estate commission, she said.
Brad Henderson, Sotheby's Canadian CEO, said that if another buyer suddenly stepped in and offered more money for the same property, it could also encourage default.
That's why Manitoba, Quebec and some of the United StatesS.
Securities firms banned their offering, he said.
"In the coming year or even longer, TREB will spend energy and money to ensure that all players in the market comply with the provisions of the law, and may take some legal action test limits with some parties that are going to take legal action, Henderson said: "take advantage of the gray zone. ".
Toronto broker John pascott said his company, Realosophy, is expected to release sales data by Friday, but it will require site users to register to access prices.
A witness from the competition commissioner, Passman, said past sales prices had been obtained online from companies that found or bought data.
He said the board's privacy views were not established either.
"If the price of a house is really" private ", the real estate agent violates the privacy law every day when sending the House to the customer (
And potential customers)
"The property was recently sold," pascott wrote on Twitter on Thursday . ". Condos.
Partner Andrew Harrild said ca is also ready to release solds.
The company has not yet decided when to turn on the data switch, but it has prepared an email indicating how users of its website can access the information.
"You can click on any apartment building in the city and you can see the forms for all the latest deals in the building, whether for sale or for rent," he said . ".
"We have been preparing for this for a while.
We expect this to happen sooner or later.
Realtors who spoke to the Toronto Star said that getting sales data at this point would not change the rules of the game.
The head of Canada's second-largest real estate commission said Vancouver was following the decision closely.
The president of Phil Moore said that there are 14,000 members of the real estate board in Greater Vancouver, hoping to comply with the order of the Canadian Competition Tribunal.
Although neither buyer nor seller has a loud request for information to be sold, he says he understands that the public is interested in getting that information.
"It's easier for people to get information at their fingertips," he said . ".
Tess karlinovsky is from Toronto.
Reporter reporting real estate.
Follow her on Twitter: @ tesskalinowess Kalinowski is from Toronto-
Reporter reporting real estate.
Follow her on Twitter: @ tesskalinowskiSome real estate company started posting property sales prices on their website within hours of the court's decision being considered a victory for Toronto
Regional buyers, who will be able to get sales information directly from online real estate brokerage companies.
The Supreme Court of Canada rejected the Toronto Real Estate Board's appeal on Thursday. TREB)
It took seven years to try to stop brokers from posting selling prices on their passwords
Protected websites force consumers to request from agents.
The Supreme Court is the last stop of seven board members.
In its struggle with the competition commissioner, the Canadian Competition Tribunal and the Federal Court of Appeal have successfully argued that the real estate commission has blocked innovation and competition in the real estate industry by limiting its members to publish real estate sales prices online.
Matthew Boswell, the interim commissioner for competition in Canada, said allowing innovation and competition to flourish in the real estate sector would be beneficial to consumers.
"It's one of the biggest financial decisions people make in their lives.
"This initiative certainly provides more transparency to the market and more innovative services to the public," he said . "
TREB, China's largest real estate commission with 50,000 brokers and agent members, believes that the release of the sale information violates the privacy of the seller and the copyright of the board.
TREB said in a statement that the restrictions on the sale of data will be lifted within 60 days, which is in the order of the 2016 competition tribunal.
It stated that it would look at the follow-up steps to ensure that information was issued in strict accordance with court orders.
This does not prevent some companies, including Zoocasa, from immediately posting information on their website, which can be accessed on Thursday without a password or registration.
Read more: The Toronto Real Estate Commission is waiting for leave to appeal, where house prices in Toronto eventually Rose at JuneCEO Lauren Haw, who said her company decided to immediately give users access to the information.
But, she said, "We will wait for TREB's instructions on how to move on.
"In the early stages of the study, selling prices are useful for both buyers and sellers, but they will continue to need the expertise of real estate agents," said Haw.
However, Haw said she was one of those who wanted to know if it was harmful to announce the price of the property before the end of the transaction.
The price is open if the sale is not completed and if the seller has to re-purchase it may limit what they can getlist.
It is a "gray zone" and Zoocasa will seek guidance from the real estate commission, she said.
Brad Henderson, Sotheby's Canadian CEO, said that if another buyer suddenly stepped in and offered more money for the same property, it could also encourage default.
That's why Manitoba, Quebec and some of the United StatesS.
Securities firms banned their offering, he said.
"In the coming year or even longer, TREB will spend energy and money to ensure that all players in the market comply with the provisions of the law, and may take some legal action test limits with some parties that are going to take legal action, Henderson said: "take advantage of the gray zone. ".
Toronto broker John pascott said his company, Realosophy, is expected to release sales data by Friday, but it will require site users to register to access prices.
A witness from the competition commissioner, Passman, said past sales prices had been obtained online from companies that found or bought data.
He said the board's privacy views were not established either.
"If the price of a house is really" private ", the real estate agent violates the privacy law every day when sending the House to the customer (
And potential customers)
"The property was recently sold," pascott wrote on Twitter on Thursday . ". Condos.
Partner Andrew Harrild said ca is also ready to release solds.
The company has not yet decided when to turn on the data switch, but it has prepared an email indicating how users of its website can access the information.
"You can click on any apartment building in the city and you can see the forms for all the latest deals in the building, whether for sale or for rent," he said . ".
"We have been preparing for this for a while.
We expect this to happen sooner or later.
Realtors who spoke to the Toronto Star said that getting sales data at this point would not change the rules of the game.
The head of Canada's second-largest real estate commission said Vancouver was following the decision closely.
The president of Phil Moore said that there are 14,000 members of the real estate board in Greater Vancouver, hoping to comply with the order of the Canadian Competition Tribunal.
Although neither buyer nor seller has a loud request for information to be sold, he says he understands that the public is interested in getting that information.
"It's easier for people to get information at their fingertips," he said . ".
Tess karlinovsky is from Toronto.
Reporter reporting real estate.
Follow her on Twitter: @ tesskalinowess Kalinowski is from Toronto-
Reporter reporting real estate.