The Toronto Real Estate Board (TREB) is in no mood to give up on its long-standing fight against the realtors from publishing the details of sale histories of the listed properties on their websites. The lower court had allowed permission to the realtors to publish real estate sales history. But, TREB feels that it is a violation of the real estate customer’s rights and wants it to be revoked. TREB has filed a case in the Supreme Court on January 30.
TREB is fighting in the high court to cancel the ruling of the Federal Court of Appeals made in December last year. The court came to a conclusion that the sharing of sale details on the real estate website did not raise any privacy concerns. It said that TREB is looking to restrict the sharing of the information to prevent the competition in the real estate broker service market.
The TREB website displays details of the properties on sale in the Toronto area. The details shared include the list price, photos of the real estate and other information. They do not provide the past sale prices of the real estate properties for their 49,000 clients openly it can be accessed only through the individuals.