HomeZilla is excited about the changes coming to the Canadian Real Estate Association (CREA). More options for Canadians trying to buy and sell a home is always good and CREA has certainly come out strong in favour of change.

CREA’s membership has spoken,” says Georges Pahud, incoming president of the group. “CREA accepts the results and will continue to ensure the accuracy and quality of the information on boards’ MLS systems that Canadians have come to trust. This result will not change how CREA operates today, tomorrow or in the future.”

Canada.com

How is HomeZilla (and other Canadian Real Estate startups) going to benefit?

More people will use our services because they help the home buyer, home seller and the Realtor ® save time. As more people use a ‘pay for service’ model they are going to need more tools to help educate potential buyers. HomeZilla is Canada’s Neighbourhood Expert and I am sure home seller will be printing our neighbourhood reports.

The only concern we have is the Competition Bureau is probably still going to go after CREA to change more. The reason, the Bureau didn’t like that CREA allowed local boards to install their own set of regulations on realtors. The is almost no way for the Competition Bureau to police local boards. In our opinion, this is the main reason the Bureau send the complaint to the tribunal and will pursue it faster.

Until more changes comes, HomeZilla expects to see a increase in usage as more people try and save time during a house transaction.

This entry was posted Monday, March 22nd, 2010 at 2:35 pm and is filed under CREA, Government, Real Estate Trends, Technology. You can leave a response, or trackback from your own site.