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TREB Responds to Supreme Court of Canada's Decision

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TORONTO, Aug. 23, 2018 (GLOBE NEWSWIRE) -- The Toronto Real Estate Board respects the Supreme Court of Canada's decision to not grant leave to hear TREB's appeal.  The Order of the Tribunal will come into effect in 60 days time, unless it is modified.

As noted by the Supreme Court of Canada, of the approximately 600 leave applications submitted to the Court each year, only about 80 are granted.  The possibility of succeeding in getting an appeal heard is in general remote. The Court's role is not to correct errors that may have been made in the courts below. Rather it grants leave only where its decision is likely to have an impact on society as a whole.

TREB believes personal financial information of home buyers and sellers must continue to be safely used and disclosed in a manner that respects privacy interests and will be studying the required next steps to ensure such information will be protected in compliance with the Tribunal Order once that comes into effect. --John DiMichele, CEO, Toronto Real Estate Board

Media Inquiries:  
Mary Gallagher, Senior Manager Public Affairs
maryg@trebnet.com

TREB is Canada's largest real estate board. Over 50,000 residential and commercial TREB Members serve consumers in the Greater Toronto Area.  Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a state-of-the-art Multiple Listing Service®.

www.TREBhome.com

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