Competition Bureau rules against Canada’s largest real estate board for ‘anti-competitive acts’

, Bitcoin News

The ruling issued Wednesday accused the country's largest board, with more than 40,000 members, of continuing to be anticompetitive.

TORONTO — The Competition Tribunal has found the Toronto Real Estate Board engaged in anti-competitive acts, a move that could signal an end to attempts by Canada’s largest board to restrict access to its listings.

The ruling released Thursday by the quasi-judicial tribunal accused the country’s largest real estate board, with more than 40,000 members, of continuing to be anticompetitive, zeroing in on TREB’s practice of banning what are called virtual office websites (VOWs), created by smaller private brokers to provide clients with access to the Multiple Listing Service.

“This is a good day for competition and innovation,” John Pecman, commissioner of the federal Competition Bureau, said in a release.


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