The Competition Bureau is investigating whether the Quebec Professional Association for Real Estate Brokers’ data-sharing restrictions are stifling competition in the housing market.
A court order shows the bureau wants documents related to the confidentiality of data held by Centris.ca, a listing platform which QPAREB operates through its subsidiary and has called the “most visited real estate website in Quebec.” The bureau has yet to find any wrongdoing so far, but its investigation into QPAREB’s restrictions is ongoing.
MLS systems typically contain listings, sales figures, archival info and neighbourhood descriptions entered by brokers as homes are put on the market and sold. The bureau set its sights on the issue in 2011, when it claimed the Toronto Regional Real Estate Board’s grip on MLS data was so tight it constituted anticompetitive behaviour.
The residential real-estate game needs a big shake up. Maybe the younger generation will force the changes.
Common, it's late, give us some break To sit on sofa beside honey Forget of Quebec is so freak Tomorrow Tuesday, next day coming
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