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Federal regulators in Canada are turning up the pressure on the Canadian Real Estate Association, trying to compel the Realtor group to relax restrictions on the multiple listing service.
Hoping to stave off government intervention, the Canadian Real Estate Association has proposed changes to the national MLS, which it owns. But the proposals were not enough to satisfy regulators.
After months of negotiations, last week the agency regulating commerce, the Competition Bureau, formally filed an application with the federal Competition Tribunal, which has the power to force changes.
