Private home sales yet to pick up in Canada
Recent changes to legislation affecting property for sale in Canada have yet to see any increase in private sales.
According to a recent survey almost half of all Canadian homeowners would prefer to sell their home privately, without using a realtor and thereby saving thousands of dollars in commission, but only a small percentage are aware of the change in legislation that now makes it possible to use the Multiple Listings Service direct.
In the past estate agents have dealt with most residential real estate sales but the competition bureau suggested that this curbed competition and made it too costly a process.
There is no evidence to suggest that the new rules have encouraged more sellers to go it alone and the Canadian Real Estate Association believe the majority of vendors prefer to use a professional service that will protect the sale and achieve the best possible price.