Home, Sweet Home
This book provides a broad analysis of Canada's real estate brokerage industry, and hence facilitates a better understanding of the circumstances leading up to the regulation deal; for example, the continuing domination of urban resale housing markets by local real estate boards and the merger and franchising waves of the 1980s. It also examines and seeks to explain the persistence of real estate commissions at traditional formula levels, and the correspondingly substantial outlay involved in the resale of a home - an outlay equivalent to the purchase price of a new car whenever we move. More importantly, it suggests a number of further policy initiatives aimed at making the most of the regulation deal, for both government and homeowners, particularly in promoting more fully competitive real estate brokerage and more efficient resale housing markets.
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