Real estate fees not headed for basement despite new rules

Steve Ladurantaye

Real Estate Reporter— Globe and Mail Update
Published Friday, Oct. 01, 2010 10:30PM EDT
Last updated Saturday, Oct. 02, 2010 12:42AM EDTCanadians shouldn’t expect a sharp drop in real estate fees, with the country’s largest brokerages vowing to hold the line on the commissions despite rules that make it easier for discounters to muscle in on their businesses.

While a deal between the Competition Bureau and the Canadian Real Estate Association means agents will be able to break real estate services into small, individually priced chunks rather than charge a set commission for a complete sale, companies such as Royal LePage don’t plan to offer à la carte services.
That leaves the door open for a small group of discounters who have already set up shop across the country, offering those who want to sell their own homes to buy a listing on the real-estate funded Multiple Listing Service for as little as $109.
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