Residential real estate brokerage services under attack in Canada

If Canada’s Competition Bureau gets its way, there will be greater competition in the residential real estate brokerage business, commission rates will fall and the public will have enhanced access to the Multiple Listing Service. To this end, the Bureau announced on 8 February 2010 that a notice of application would be filed with the Competition Tribunal challenging the way the Canadian Real Estate Association conducts business. The association filed its response six weeks later. Regardless of the ultimate outcome of this action, it is safe to say that the face of Canadian residential real estate brokerage services will never be the same. Commonwealth Law Bulletin editorial advisory board member Gavin Murphy explains.