Canada Top Court Won’t Hear Toronto Realtor Case Appeal

Canada’s top court won’t hear an appeal of a case about whether the country’s largest real estate broker group must give wider access to price data.

The Toronto Real Estate Board asked the Supreme Court to review a lower court ruling that ordered a second tribunal hearing on the case, after TREB won the first deliberation. The Ottawa-based top court published the decision on its website today.

The federal competition commissioner is challenging the realtor group’s rule that blocks its 35,000 members from publishing historical sale prices on their internal websites, according to a summary of the case from the court. The commissioner said today the ruling gives another chance to argue that TREB is abusing its market power.

“Prohibiting TREB’s anti-competitive practices and allowing real estate agents to provide the services of their choice is the only way to ensure that consumers and real estate agents alike can benefit from increased competition,” Commissioner John Pecman said in a statement from Ottawa today.

TREB said it “will continue to work to protect the personal information entrusted to it and its members by the general public, while it strives always to do what it can to ensure a highly competitive environment for real estate professionals,” in a statement e-mailed by spokeswoman Mary Gallagher.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE