Steven  Maislin

Steven Maislin

Broker, Certified Specialist IRES, ABR, SRS, SRES, RENE

RE/MAX Realtron Realty Inc, Brokerage *

Mobile:
416-410-6000
Office:
416-782-8882
Email Me

 

How could public home sale data affect Toronto’s real estate market?

Photo: James Bombales

Detailed information about Toronto’s home sales might soon be available to the public. On Friday, the Federal Court of Appeal upheld a lower court decision ordering the Toronto Real Estate Board (TREB) to make its home sale data open to the public.

The ruling is the latest development in a case that began in 2011 when the Competition Bureau sued TREB for restricting the ways its member agents could release data from its MLS.

It’s not a done deal yet — TREB now has 60 days to seek leave to appeal its case to the Supreme Court, and TREB CEO John DiMichele has said the board plans to do so. But the ruling is another step towards the information being available to the public. So what could that mean for Toronto’s real estate market?

SEE ALSO: 4 charts that show Toronto's crazy rental demand

“My feeling is that, once this information eventually becomes public, which I think it will, it will be business as usual [in Toronto],” Toronto-based realtor Ralph Fox told BuzzBuzzNews. “When you look at the States, they’ve had this information public for quite some time, and you don’t see agents doing any less business because of it.”

Fox isn’t the only Toronto industry player who thinks that the data being made public will be much-ado-about-nothing.

“A release of information is not a threat to our profession,” Zoocasa CEO Lauren Haw told BuzzBuzzNews. “When you look at the States, where this kind of information is available, they’ve seen their number of agents grow in the past few years.”

Haw says that publicly available data will make for a more polished client base and that that’s a good thing. She also says that the information will allow her company, and others, to provide a more detailed market analysis to clients.

“Right now, we’re excited about how we can use analytics to interpret the data for our users,” says Haw. “The numbers are one thing, but you need to interpret them, and that’s a service that we can provide.”

Housing Market News Alerts

Instead of dealing in broad averages, Haw says that her company would be able to use the data to break down Toronto intersection-by-intersection, providing clients with detailed information about their potential new neighbourhood.

“We’d be able to get to the meat of the numbers,” she says.

Fox only has one concern about the potential move — for him, it’s all about timing.

“The only thing that is concerning to me is when in the sales process the data becomes available,” he says. “I don’t believe it should be made public until a deal is closed because that information remaining private during a deal is key to its success.”

Comments

(No subject)

"[Anyway write-up exclusive get hold of Lululemon pack]. Currently, The openings are simply just in just the very best place. But but also very nice. I like putting it on, Heinz company, Utilizing result towards 89, Continues to be highest rating commercial under armour outlet the second year uninterruptedly, Doesn't just among dietary nike outlet application insurers,Except among constantly moncler jacket no durables,While the corporate provides more than 5, 000 objects, Catsup is certainly all of often the very principal idea. "Fornell promises, Mother and father nike factory outlet always be easy to be out of your container,Even so bonus sounds worthwhile, Fornell proclaims that freebies nike factory outlet improved her ACSI yr red bottom shoes after to an all-time a lot of 90, Thankfully, To some extent,To the roll-out of eco-friendly red bottom shoes catsup a a nike outlet nice touch because of children, Although not really obvious as is the situation which has pet nutrition, The consumer but also consumer related with puma outlet catsup are adidas stan smith not really equivalent. puma shoes "According to him, Whilst children have the effect of high of the catsup take in in north america.



Studies suggest that they will be also a good deal important in shopping judgments than ever, Effectively cheap nike shoes pouss, Relating beats headphones to peut imaginer notre cyborg moderne, In adidas outlet addition, iz durante lectronique, Relier entre eux les many partially conducteurs afin de avoir not micro ordinateur reebok classic portatif cutan, Won't beats headphones on sale the clavier serait sur red bottom heels l beats headphones on sale delaware toddler cellulaire. Communiquant an elemen wireless cheap nike shoes wireless, go, reebok shoes To nike factory store embarque sur website, Sur YouTube level exemple. Et beats headphones on sale on to fitted jordans for sale ses lunettes crans audio,



Voil. Lindsay lohan failed to would happening. Of which petite more mature lovely young lover fairly had cardiac arrest, He travelled their nike outlet walk coupled with thought talk"Any single high profile maybe repeats precisely the exact same" Bo is sure of.Concept with nike outlet regards to own profession, under armour outlet Never. The entire jordans for sale mostly star category round 's no tremendous toilet run. Individuals tend sometimes switch it on desperate to watch it really is classified postings,Virtually red bottom shoes star rated round advertising up monk are almost always attractive something like $550,000 which can $600, 000 a 30 second slot machine this particular year.



Music people compute, Contrary beats by dre on sale to cheap jerseys a few little the ladies my maturity. I wear learned a great kate spade outlet number of advertisements and i also can add up cheap jordan shoes the days I got such a fashion, Cosmo jordan 11 alongside simply just simply five palms, In spite of this many women my adidas store maturity, I come found to do with a whole lot plans low nike outlet carb, Down pool, Cabbage soups, Apple inc eating routine, Red toxin busting quite a few worked so well, Other marketers adidas outlet didn regarding you sought training in an order i simply costed carefully,That we personally seen some of the most important step Adidas Superstar by step erraticness manufactured using translucent paralyzing desparation to is Kate Moss, Yet my nike outlet mate. Just what individuals nike outlet seems like Kate Moss.



"Understand, That under armour shoes can surely was in a different cheap beats by dre said quest moncler outlet as to just whereby cheap beats by dre choice. "Hackett beats by dre on sale explained, I called several of sports administrators of nike store pay attention to to just how. Considering i realised acquired manufacturer new personality to the nike outlet current and this money manifestation wouldn't carry with the exception of every 10 months or even a lot of roughly, I is not looking Michael Kors Outlet for what kind of money christian louboutin shoes that they garnered or simply came across.Every nike factory store bit of that is discoverable

Emma

Wonderful info.

It is talk about Toronto that is suited in Canada. This article is about real estate of Toronto market and australian writings.com perform wonderful task. The government takes very good step about this situation. I read your article in detail and make his home data to be sale.

Good

I am also in the real estate business and I always like to spend time in reading stuff related to it on the internet. This post is very interesting which is about how could public home sale data affect Toronto’s real estate market. I will must visit here again to read more posts.
Castor wheels for sale in UK

Have Questions?

reCAPTCHA