28 Aug What real estate brokerages are planning to do with TREB data.
Original article via Globe and Mail. Click here to read.
In the wake of a landmark court decision, traditional real estate brokerages are playing catch-up with online startups that have been developing tools to display detailed house-price data for years.
Online real estate brokerages and new entrants such as Zoocasa, HouseSigma Inc., Realosophy and Property.ca Realty Inc. started to post house-sale prices within 24 hours of Thursday’s Supreme Court decision, which forced the country’s largest real estate board to lift restrictions on transaction records for properties across the Greater Toronto Area. Before the ruling, which is expected to compel real estate boards across the country to change their practices as well, the data were only accessible through realtors and those that chose to disseminate the information publicly and run afoul of the rules.