(Source: The Globe and Mail)
A new front has opened in the assault on organized real estate, as a surge of well-financed companies accelerate their plans to steal business from the country’s most popular listings site.
Emboldened by the Competition Bureau’s attack on the Canadian Real Estate Association (CREA) and its Multiple Listing Service (MLS), websites that have been operating on the fringes are ramping up their efforts to gather and market listings.
CREA runs the country’s most popular listings site at Realtor.ca, and is powered by the MLS data gathered by agents across the country. Web-ranking services place it as the 60th most popular site in Canada, tucked comfortably between the New York Times and the Bank of Montreal.
Read the full article, “The rush begins to steal a piece of MLS action” in the Globe and Mail (Feb 12, 2010).