Canada’s Supreme Court has declined to hear an appeal requested by the Toronto Real Estate Board of an earlier ruling that reports say could renew arguments that the Board abuses its market dominance.
According to repots, the TREB won its initial case, but a court ordered a second hearing of the matter. The cases was launched by the Competition Bureau that argues the Board abuses its market power by blocking its members from publishing sale prices on their websites.
Reports say the Board has about 35,000 members.
The Supreme Court declined to hear an appeal of the lower court’s ordering of a new hearing on Thursday. In response, Competition Commissioner John Pecman released a statement arguing that “prohibiting TREB’s anticompetitive practices and allowing real estate agents to provide the services of their choice is the only way to ensure that consumers and real estate agents alike can benefit from increased competition.”
Reports did not indicate when the renewed hearing will take place. In response to the Supreme Court’s decision, the TREB said it would “continue to work to protect the personal information entrusted to it and its members by the general public, while it strives always to do what it can to ensure a highly competition environment for real estate professionals.”
Full content: Businessweek
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI