Well, for now.
It’s safe to say that the sold information can be legally disclosed now.
This is a big step in the industry to move forward to be a transparent data-centric housing market. More data indicates more transparent. Education matters, but without the self-study materials, education is impossible.
This is not the final step. The final step IMO would be pushing the government agencies to maintain a central data repository, so different real estate boards across the country can share the data nationwide. It’s not right to ask a private sector agency such as a real estate board to maintain such database. If it’s public information, it should be maintained by the public agency.
Moreover, this helps protect the privacy of the parties involved in a particular transaction, leaving just the address, price and other fact-based information in the database but nothing else. With government’s regulation, this database can include private sales and other types of transactions, which will be very useful to the market watchers, entrepreneurs, data scientists and researchers.
For the full story, please visit https://www.thestar.com/business/real_estate/2017/12/01/top-court-to-rule-on-whether-toronto-real-estate-board-must-share-detailed-home-prices.html, for the details of the case, please visit https://decisions.fca-caf.gc.ca/fca-caf/decisions/en/item/301595/index.do
MongoHouse is also rolling out new plans to accommodate the ruling, the new plans will be available tomorrow (December 2nd, 2017) after performing database backup and server migration.
Regular Membership Subscription ($1.99/month): 1 years Sold Records via Quick Search 90 days Sold Records via Map View Up to 3 Years of Pirce History in listing detail page Weekly Email Digest (optional)
Premium Membership Subscription (
- 5 years Sold Records via Quick Search
- 360 days Sold Records via Map View
- Up to 10 Years Price History in listing detail page
- Weekly Email Digest (optional)
In addition, MongoHouse will start developing APIs, for easy access to the MongoHouse’s raw database. We believe this will help the industry moving forward to be even faster. Please stay tuned.