(Source: Toronto Star)

The federal Competition Bureau is challenging the Canadian Real Estate Association over rules they say limit consumer choices.

The bureau announced Monday that talks between the two organizations were not resolved amicably. The government regulator has taken the next step by filing an application with the Competition Tribunal to decide whether organized real estate’s rules are anti-competitive.

“Selling a home is one of the largest financial transactions that most Canadians make in their lifetime,” said Melanie Aitken, Commissioner of Competition. “Consumers should be able to choose which services they want to buy… including lower cost options.”

Read Tony Wong’s full article “Competition Bureau calls out real estate rules” in the Toronto Star (February 8, 2010).

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