Industry News

Canadian real estate group slapped with court order

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The Canadian Competition Bureau, that country's equivalent of the U.S. Federal Trade Commission and U.S. Justice Department's Antitrust Commission, has served the nation's Realtor trade group with a federal court order that seeks documents and answers as a part of a formal investigation. Alan Tennant, president for the Canadian Real Estate Association, stated in a notice to affiliated real estate boards and associations this week that CREA "was served with a federal court order obtained by the Competition Bureau" on March 16. "This order ... requires CREA to produce certain documents and answer certain questions in connection with a Bureau inquiry," he stated. "Some of the information that CREA has been asked to provide resides with real estate boards and associations and we may request assistance in obtaining this information. We are currently consulting with counsel and will be in a position to advise boards and associations in more detail about the order during meetings in Ottawa on...