TORONTO — Actual property corporations that have been promised entry to a Toronto Actual Property Board feed of Higher Toronto Space dwelling gross sales knowledge on Tuesday stated some are nonetheless ready to get their arms on the numbers and others have been sluggish to obtain them.
John Pasalis, the president at Realosophy brokerage, stated he sought entry to the info by e-mail on Monday night. He adopted up twice, however has but to listen to again, regardless of TREB saying the feed was on account of be launched on Tuesday at midday.
“It’s comprehensible that they’re going to be a little bit bit backlogged, however however, they knew this was coming,” he stated. “This has been within the pipeline for years.”
Pasalis is not any stranger to ready on TREB. He was one of many brokers who helped the Competitors Bureau argue over the previous seven years that TREB ought to enable the info to be posted on realtors’ password protected web sites as a result of protecting it off the websites can be anti-competitive.
Pasalis and the Bureau’s struggle resulted in August, when the Supreme Courtroom of Canada refused to listen to an utility from TREB that aimed to maintain the numbers off password-protected websites as a result of the board was involved about privateness and copyright.
Some actual property corporations instantly revealed the info after the Supreme Courtroom’s choice, solely to obtain cease-and-desist letters from TREB warning of lack of knowledge entry, revocation of TREB membership or authorized motion towards members TREB believed have been violating its person settlement by posting sale numbers on-line “in an open and unrestricted style.”
Like Pasalis, actual property firm Zoocasa watched the TREB case intently and shortly after being advised knowledge can be out there, utilized for entry, however spokesperson Jannine Rane confirmed in an e-mail on Wednesday that her firm was additionally nonetheless ready for the numbers.
Zoocasa was advised TREB is working via a excessive quantity of requests, she stated.
TREB didn’t instantly reply to a request from The Canadian Press about how lengthy it might take for the businesses to get entry, however it despatched a letter to its members earlier within the week that stated the feeds can be out there on Tuesday and that members can be allowed to make use of the feeds to put up knowledge on their password-protected web sites for purchasers.
Of the half dozen realtors The Canadian Press spoke with, HouseSigma Inc. was the one firm who stated that they had been granted entry to the feed and it got here two days after its chief government officer Joseph Zeng utilized for it.
Simply after he obtained entry, Zeng stated he hoped to put up the info on his web site inside just a few hours.
He suspected TREB was sluggish to launch the numbers to him as a result of the board has 50,000 members who’re all eligible to request comparable knowledge.
“Yesterday after we talked to (TREB) they stated that they had 600 requests inside three hours they usually need to approve them one-by-one,” stated Zeng, noting that TREB estimated it might take 4 to 5 days to present him archived knowledge from transactions previous to Sept. 2016, however it hoped it would be capable to provide him extra present knowledge by the top of Wednesday.
The wait angered his purchasers.
“After we acquired the preliminary timeline from TREB we made the promise on our web site that will probably be revealed on (Tuesday) and simply this morning we obtained an e-mail (complaining),” he stated.
“Our purchasers have been extraordinarily pissed off.”
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