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Archive for 2. November 2009
Real estate fees could be slashed in Canada
2. November 2009 by Dan Walkow, CFA, CMT.
Canadians in the housing market will pay less in realty commissions and fees if the federal Competition Bureau has its way. Read more here.
In a landmark investigation, the bureau has concluded the Canadian Real Estate Association has anti-competitive rules and must change its ways, according to documents obtained by the Toronto Star.
Details of a settlement have yet to be decided, but the bureau’s findings are expected to have a profound impact on the real estate industry – by permitting more innovative discount brokers into the market while allowing sellers to list their properties less expensively on the Multiple Listing Service.
Its about time, MLS has had a lock on real estate commissions for far too long. Lets see some competition!
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