The website that shares Toronto’s sold data with subscribers was temporarily suspended earlier this month. The matter will now be settled in court.
“As many of you know, this is yet another chapter in a saga that has been going on for a decade. It started 2007 when, in conjunction with Bell Canada, I launched the first VOW website in Canada,” Fraser Beach, the agent who runs the website torontorealestatesold.com, wrote in a letter to subscribers Friday. “Although that venture did not end well, it started a revolution that has changed how most Canadians access real estate market information
“In the intervening years, millions of dollars have been expended on legal fees and court cost to bring a resolution to the issues involved in disseminating listing data,” he continued. “The principal proponent of the cause to bring openness and transparency to the real estate marketplace has been my lawyer and friend Lawrence Dale.”
The final chapter in the sold data story, writes Beach, will be written by Canada’s Federal Court of Appeal in the case Toronto Real Estate Board v. Commissioner of Competition.
The appeal is scheduled for December 5 and 6 in Toronto.
Earlier this month, Beach was forced to suspend the website following a cease and desist letter from the Toronto Real Estate Board’s legal counsel.
This isn’t the first time the website has been taken down. A similar letter from TREB in March of last year resulted in a temporary suspension as well.