Le Lézard
Classified in: Business
Subjects: CON, LAW

Competition Bureau reaches agreement to protect real estate competition in the Northwest Territories


GATINEAU, QC, Nov. 29, 2023 /CNW/ - The Competition Bureau announced today that it has entered into a consent agreement with the Northwest Territories Association of Realtors (NWTAR) to address concerns with its membership practices in the real estate sector.

A Bureau investigation found that the NWTAR engaged in anti-competitive conduct by denying membership to those seeking to compete remotely with the association's existing members.

The Bureau concluded that the NWTAR's conduct was contrary to the abuse of dominance provisions of the Competition Act.

Refusing membership based on differing business models creates barriers to new forms of competition, especially services that offer consumers additional choices and fee structures that differ from traditional full-service real estate brokerage services.

NWTAR cooperated with the Bureau's investigation and signed an agreement to resolve its competition concerns. NWTAR has also granted membership to a firm that wanted to compete with NWTAR's existing members.

As part of this agreement, NWTAR will accept members by following the terms and conditions listed on their website and ensure non-discriminatory access to the market for any future competitors.

The complete agreement is available on the website of the Competition Tribunal.

The Bureau encourages anyone who suspects an individual or a business of engaging in anti-competitive activities to file a complaint.

Quick facts
Related products
Associated links

Contacts

For general enquiries, please contact:

www.competitionbureau.gc.ca
Enquiries/Complaints

Stay connected:

Twitter | Facebook | LinkedIn | YouTube | RSS Feed | Email Distribution List

Search for related information by keyword: Real estate | Real estate industry | Competition Bureau Canada | Canada | Business and industry | general public | news releases | Hon. François-Philippe Champagne

The Competition Bureau is an independent law enforcement agency that protects and promotes competition for the benefit of Canadian consumers and businesses. Competition drives lower prices and innovation while fueling economic growth.

SOURCE Competition Bureau


These press releases may also interest you

at 02:05
Parade Technologies, Ltd. (Taipei Exchange: 4966.TWO), a leading high-speed interface IC supplier, today announced financial results for the first quarter fiscal year 2024 ended March 31, 2024, and provided guidance for the second quarter of fiscal...

at 02:00
Cornish Metals Inc. (AIM/TSX-V: CUSN) ("Cornish Metals" or the "Company"), is pleased to announce the launch of a new interactive investor hub, intended to provide stakeholders with a more proactive method of communication and enquiry support in...

at 02:00
With approximately five billion tons of CO2 per year, the U.S. currently accounts for 13 percent of global CO2 emissions. Reducing these...

at 01:54
Skanska has signed a construction contract with a consumer goods manufacturer regarding a manufacturing facility in the Northeast region of the USA. The contract is worth USD 94M, about SEK 970M, which will be included in the US order bookings for...

at 01:49
Aker BP delivered continued strong operational performance in the first quarter of 2024, with low cost and low emissions, and with all field development projects progressing according to plan.  HighlightsIncreased production: Oil and gas production...

at 01:49
Handshake Speakeasy, Mexico City, is crowned No.1 and The Best Bar in Mexico, sponsored by Perrier This year's list features 26 U.S. bars, 15 from Mexico, 7 hailing from Canada, and 2 based in the CaribbeanCivil Liberties, Toronto, at No.21, is named...



News published on and distributed by: