GTA home buyers have a reason to celebrate

The Supreme Court of Canada just made home buying decisions easier.

By Homicity

Aug 23, 2018

GTA home buyers have a reason to celebrate

For years, the Toronto Real Estate Board (TREB) has had exclusive access to home-sale data. This included past house sales, new home sale prices and more. Information vital to making an investment decision before making an offer. The realtor trade association established how their members showed home sale prices in Multiple Service Listings (MLS).

If you were a home buyer in the GTA, you had to go to a real estate agent, a broker or a local land registry office to request information from the database.

Some were concerned that this move harmed innovation and competition in the industry, and took the issue to the Competition Bureau's attention.

Then in 2011, a long legal battle started, and it finally came to an end.

The Supreme Court has sided with the federal Competition Bureau. The sales data will now be available 60 days after the verdict, which is a cause for celebration for homebuyers and real estate alike.

Purchasing real estate is the most significant investment anyone will ever make. Now thanks to the Supreme Court, the data is now public for any home buyer looking to make a smart decision.

Start your search with Homicity.



Homicity helps you find your dream home in the perfect community. Whether you are buying, renting, or selling, you can navigate the Canadian real estate market with confidence with our expert advice, market news, and recommendations powered by AI.

Join the conversation

Please login to leave a comment

Don't have an account?

Sign Up

Articles selected for you:

Condo sales lead the way in December 2019

The Ottawa real estate market closes out the decade with record-breaking numbers.

How to compare properties with Homicity

Our new properties comparison tool makes it easy for you to compare your top choices.

How to find your perfect neighbourhood

When looking for a new place to call home, the right neighbourhood can make all the difference!

Home inventory levels in Ottawa remain low in November 2019

Ottawa homes are being purchased as soon as they come on the market.