Real Estate News

TREB takes housing data dispute to Supreme Court, says federal ruling violates rights of real estate clients


Financial Post

The Toronto Real Estate Board is taking a longstanding dispute over access to housing market data to the Supreme Court of Canada, seeking to appeal a lower court decision that allowed realtors to publish the sales histories of listed properties on their websites, according to court documents seen by the Financial Post.

In December, the Federal Court of Appeals ruled that TREB could not prevent realtor members in the Greater Toronto Area from publishing the restricted data contained in its Multiple Listings Service (MLS), including previous home sale prices.

Ruling in favor of the Competition Bureau, the court found the publication of the data presented no privacy concerns. It also concluded that TREB’s restrictions on the information had the effect of preventing competition in the real estate brokerage services market.

Continue to read on Financial Post

Share this News

Share