There has been a long battle between between TREB (Toronto Real Estate Board) and the Canada's Competition Bureau to keep certain sales data under lock and key. John Pasalis with Realosophy Realty in Toronto says he's ready to make public on his website once-protected real estate data.
I found this article to be interesting article and foresee it as a huge invation of privacy for all home sellers. One of the reasons to hire a real estate agent is to protect the sellers information. I strongly feel this information should not be disclosed due to stigmatizing properties and invasion of personal information.
When buyers purchase a home, everthing physical about the property should be disclosed and the real estate agent should provide all relevant FACTS about the property and the prices of recently comparable homes sold. However, providing all of the history of a property is no ones business except the sellers including how long it has been on the market, any price adjustments, the original purchase price or the sellers contact info.
In a slowing economy, homes here in Edmonton tend to stay on the market longer and buyers do not need to take advantage of a seller. Buyers are purchasing a home and should not be in a position of knowledge to take advantage of a seller who needs to sell. Have a little more compasion, there is more to life than getting an uber deal!
read more... http://www.cbc.ca/news/business/real-estate-treb-crea-sales-data-1.3884233
*Note* The Government of Canada's Privacy Act is as follows..
In this Act,
administrative purpose, in relation to the use of personal information about an individual, means the use of that information in a decision making process that directly affects that individual