Ottawa, ON, November 3, 2011 – The President of the Canadian Real Estate Association (CREA), Gary Morse, today welcomed the decision of the Competition Tribunal to grant CREA leave to intervene in the proceedings the Commissioner of Competition has brought against the Toronto Real Estate Board (TREB).
â€œWe are pleased that the Tribunal is willing to hear our position in this matter and look forward to contributing to the Tribunal on important issues that will affect not only TREB and its members, but will also have broader implications for other Boards and Associations,â€ said Morse.
CREA had applied for leave to intervene August 31, 2011, and the Tribunal heard arguments on the application on October 18, 2011.Â The Commissioner of Competition had opposed CREAâ€™s application. All documents related to the case can be found on the Tribunalâ€™s website at www.ct-tc.gc.ca.
â€œThe important issues under discussion may lead to a Tribunal Order affecting data sharing over the Internet which directly affects the interests of all CREA members,â€ continued Morse. â€œIt is important for us, and our members, to be at the table and part of this discussion.â€
The Canadian Real Estate Association (CREA) is one of Canadaâ€™s largest single-industry trade Associations, representing more than 100,000 REALTORSÂ® working through more than 100 real estate Boards and Associations.