Canadian Watchdog Won’t Drop Real Estate Challenge (Update1) – BusinessWeek

Canadian Watchdog Won’t Drop Real Estate Challenge (Update1)

March 22, 2010, 3:22 PM EDT

(Adds comments from competition bureau in fourth paragraph.)

By Theophilos Argitis and Alexandre Deslongchamps

March 22 (Bloomberg) — Canada’s Competition Bureau said it will continue to challenge rules by the country’s real estate association that it says are anti-competitive.

The competition agency, in a statement released in Ottawa, said changes agreed to today by the Canadian Real Estate Association don’t remove existing roadblocks that keep agents from “offering innovative services and pricing options to consumers.”

Real estate agents today voted to modify their rules in a way that they say will address the competition watchdog’s concerns, the Canadian Real Estate Association said in a statement earlier today.

“There is nothing in these proposals that we haven’t seen before and they do not solve the problem,” Melanie Aitken, Commissioner of Competition, said in the statement.

Alyson Fair, a spokeswoman for the real estate association, declined to elaborate on the changes approved by the agents.

–Editors: Paul Badertscher, Andrew Barden

To contact the reporters on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net; David Scanlan at dscanlan@bloomberg.net.

Posted via web from Toronto Real Estate News | Blog

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One Response to Canadian Watchdog Won’t Drop Real Estate Challenge (Update1) – BusinessWeek

  1. Alonzo Diaz says:

    If only more than 55 people could hear this..

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