Real Estate in the News

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Real estate news stories that we’ve been following this week.

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TREB is “significantly reducing competition” tribunal told
Day five of the Competition Tribunal hearing between the Commissioner of Competition and the Toronto Real Estate Board (TREB) opened in Ottawa Monday with Chief Justice Paul Crampton advising both sides that the two biggest questions for hearing panel concern substantiality – how much of an impact TREB’s rules have on its members – and whether privacy, when used as a business justification, is a genuine concern or was thought of after the fact to justify TREB’s position. Also read “Former TREB CEO on hot seat as Competition Tribunal continues” and “Evidence phase of TREB Competition Tribunal wraps up“.

Toronto Homeowners Get $8,500 Richer Every Month, While Condo Owners Get The Shaft
If you own an average single-family home in Toronto, your net worth has been growing by about $8,500 a month over the past year. Also see “Toronto-area home sales on track to break record“.

GTA Realtors® Release Monthly Resale Housing Figures
TREB MLS® sales through the first nine months of 2015 amounted to 80,331, which also represented a record result and a 9.5 per cent increase compared to the first three quarters of 2014.

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