Competition Bureau Probes Greater Vancouver REALTORS

Competition Bureau Canada

GATINEAU (Québec), Competition Bureau

The Competition Bureau has obtained a court order to gather information from Greater Vancouver REALTORS® and advance its ongoing investigation into real estate commission rules in Canada.

Commission rules dictate how real estate agents are paid, who pays them, and how those payments must be disclosed on Multiple Listing Service (MLS) systems.

The Bureau is investigating whether the commission rules of the Greater Vancouver REALTORS® (GVR) and the Canadian Real Estate Association (CREA) may contravene the abuse of dominance or other civil provisions of the Competition Act.

When the investigation began in 2024, the Bureau was focused on examining CREA policies. These included how commission rules may impact competition among real estate agents. Under these rules, the seller's agent must offer compensation to the buyer's agent when a property is listed on an MLS system.

The Bureau has now expanded the scope of its investigation to examine how GVR enforces the commission rules in the geographic market of Greater Vancouver.

/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.