Competition Bureau expands real estate sector probe to include Vancouver board


VANCOUVER — The Competition Bureau says it has obtained a court order to expand its ongoing investigation into potential anti-competitive conduct in Canada’s real estate sector to include Greater Vancouver Realtors.

The bureau initially launched the probe in 2024, focusing on whether the Canadian Real Estate Association’s rules discourage realtors from offering lower commission rates or affect competition in other ways.

The scope of the investigation also included the question of whether CREA’s agent co-operation policy makes it harder for alternative listing services to compete with the major players or gives larger brokerages an unfair advantage over smaller ones.

The bureau says it is widening the investigation to determine how Vancouver’s real estate board enforces commission rules, including whether such policies discourage buyers’ agents from competing by offering lower commission rates or alternative pricing models.

The bureau also seeks to examine whether such rules encourage “steering,” a practice where agents are motivated to nudge buyers toward homes that offer higher commissions.

The Federal Court order requires Greater Vancouver Realtors to produce records and information relevant to the bureau’s investigation, which has not led to a conclusion of wrongdoing at this time.

The board’s CEO Jeff King said Greater Vancouver Realtors “takes its competition law obligations seriously” and is fully co-operating with the bureau.

“We are committed as an organization to following the letter of our legal and regulatory obligations and to demonstrating that our practices and business operations reflect this commitment over time,” King said in a statement.

This report by The Canadian Press was first published Feb. 20, 2026.

The Canadian Press




Source link

  • Related Posts

    My bf and I are trying to pull together money for…

    My bf and I are trying to pull together money for first and last on an apartment as soon as we possibly can Both of us are in less than…

    If only we had a Caribbean Island

    A little island just won a big court case. The tiny Caribbean island of Bonaire, a special municipality of the Netherlands, won a ruling in the Hague District Court that…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    ‘The costs could rise’: Austria manslaughter ruling could alter climbing in Europe | Mountaineering

    ‘The costs could rise’: Austria manslaughter ruling could alter climbing in Europe | Mountaineering

    Even After Supreme Court Ruling, Trump Insists He Can Do as He Wishes

    Great news for xAI: Grok is now pretty good at answering questions about Baldur’s Gate

    Great news for xAI: Grok is now pretty good at answering questions about Baldur’s Gate

    De’Andre Hunter has eye surgery, Kings’ latest out for season

    De’Andre Hunter has eye surgery, Kings’ latest out for season

    Lily Allen Joins Mules Trend in Satin Valentino Bow Pumps in London

    Lily Allen Joins Mules Trend in Satin Valentino Bow Pumps in London

    Protesters shoot fireworks at Albania prime minister’s office | Newsfeed

    Protesters shoot fireworks at Albania prime minister’s office | Newsfeed