Some people believe that the price you paid for your home should be made public on the Internet. This extends to mortgage details, the seller’s name and address, floor plans, security systems, etc.
While the large majority of Canadians are very private people, it would seem that the past Commissioner of Competition believes that our privacy is standing in the way of better pricing information and lower Real Estate commission rates.
The objective is to create new competition that offers less service for less money. Knowing the sold price of a nearby home and knowing why the Home Owner accepted that price are two different things. Discount commissions have been around for decades and still only represent a very small part of the market.
The wealth of knowledge that professional Realtors possess is the reason that TREB will handle over 88,000 annual transactions competently. This expertise is why most experienced Realtors will actually hire another Realtor to handle their own Real Estate transactions.
If the Competition Bureau is successful, the only certainty is that we will all lose our privacy. In the final analysis, it is about choice, trust, value and service. TREB has over 35,000 Licensed Realtors to choose from. Find one that you can trust to offer you the service and peace of mind that you deserve.