Statement from the Interim Commissioner of Competition regarding the Toronto Real Estate Board

Statement

September 17, 2018 – OTTAWA, ON – Competition Bureau

Matthew Boswell, Interim Commissioner of Competition, issued the following statement today regarding the Toronto Real Estate Board’s (TREB) compliance with the Competition Tribunal’s June 2016 order addressing their anti-competitive conduct:

“Following the Supreme Court’s recent decision not to hear TREB’s appeal, the Bureau understands that TREB will implement the Competition Tribunal’s Order on September 18, 2018. The Order requires TREB to end its anti-competitive practices, thereby giving home buyers and sellers in Canada’s largest real estate market access to a greater range of innovative service options, delivered through greater competition among TREB’s members.  

We will be closely watching to ensure that the letter and spirit of the Tribunal’s order is adhered to, so that consumers can finally benefit from the competition and innovation they have been waiting for.”


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