Here is an update to an earlier post “Real Estate Transactions: When price doesn’t equal perceived value”.

At their annual general meeting yesterday, Canadian Real Estate Association (CREA) members voted in favour of allowing agents to post listings on its MLS system on behalf of sellers for a flat fee. Melanie Aitken, Canada’s Competition Commissioner said it didn’t go far enough, as it keeps the power in CREA member’s hands, squelching innovation.

CREA has until March 25 to provide a response to the Competition Commissioner’s application to the Competition Tribunal.

See the Globe and Mail story: “No Sale: Realtors’ plan gets bad review” by Steve Ladurantaye.