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CREA Announces It Will Post Sold Data on Realtor.ca but it Will Take Time

With the Toronto Real Estate Board’s appeal being denied by the Supreme Court, there has been a rush of news and confusion among Realtors about how to change their business model to accommodate this open data share.

The Toronto Real Estate Board’s stand has always been to protect the information of homeowners, and so continue to allow the data to be shared through a password protected VOW “Virtual Office Website”.

In keeping with the change, CREA “Canadian Real Estate Association”, announced that they will publish Sold Data on the national site Realtor.ca with out password protection (Read the REM Article Here). At first glance, this seems like huge news, but under further scrutiny, we realize that CREA does not own the rights to the data. They can push, but the local boards across the country own the rights to the data. They can decide to push the sold data to Realtor.ca or pull their feed completely.

As the Toronto Real Estate Board is the largest in the country, and represents the most searched city on Realtor.ca (source: 2017 Realtor.ca Insights); all eyes will be on TREB and how they work with CREA. This fact alone may either slow the Realtor.ca process or expedite it, only the following days will tell. Either way, we as Realtors and the Public are in for a change, and we cannot expect it to be business as usual.


About Royal LePage Vision

Founded in 2003, Royal LePage Vision, in Toronto, is a multiple award-winning brokerage with a strong contingent of high-performing agents. Our strength over the past 15 years is rooted in technology and how innovation translates to exceptional service.

From top to bottom our brokerage is built on making it easier for our Realtors to succeed in real estate while staying consistently connected to the office. With a strong emphasis on training, for both our support staff & Realtors, each one of our Realtors has the support and tools to be effective in their market.

If you would like to learn more about the difference VISION makes, please give us a call at 416-321-2228 or visit moveuptoroyallepage.com.

Royal LePage Vision Realty, Brokerage
2210 Markham Rd., # 1
Toronto, ON M1B 5V6

Phone: (416) 321-2228
Fax: (416) 321-0002

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Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 10/18/2018 6:54:55 PM