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  • Toronto Real Estate Board demands brokers halt online sales stats

    It’s about to get tougher to sleuth out how much homes are selling for in Toronto.

    This week, three real estate brokers are cutting off customers’ online access to recent final home sales prices — coveted information that can help buyers and sellers gauge a property’s worth.

    The trio are the latest to give in to a threat made by the Toronto Real Estate Board (TREB) to stop doling out home sales information or risk losing a lifeline to all privileged industry data.

    More: http://www.cbc.ca/news/business/toro...tats-1.2978746

  • #2
    Real estate agents slashing commissions in easy-to-sell markets

    When Iurii Laiu recently decided to sell his house, he didn't want to pay a real estate agent full price. He believed his Toronto-area home would basically sell itself in the city's hot market.

    "I knew my house was pretty liquid and I would have no problem selling it whatsoever. So I was thinking of finding a way to save on commission," he said.

    Typically, selling agents make 2.5 per cent on a home's sale price.

    But, like Laiu, some believe that fee is too high in cities like Toronto and Vancouver where houses can go quickly at high prices.


    More: http://www.cbc.ca/news/business/real...kets-1.3054156

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    • #3
      Real estate agents caught breaking the rules on Marketplace's hidden camera


      Attempting to buy a home in a red-hot market can make it feel like the deck is already stacked against you. But if a real estate agent is behaving unethically, it could cost you tens of thousands of dollars — even the house of your dreams.

      An investigation by CBC Marketplace reveals some real estate agents are breaking the rules in an effort to double their sales commission.

      Using hidden cameras, Marketplace documented how some of the top real estate agents in the Greater Toronto Area breached ethical and legal rules aimed at protecting consumers.



      More: http://www.cbc.ca/news/business/real...mera-1.3825841

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