Your Home’s Sale Price is Private Information

Sold HouseA few years ago, the federal Privacy Commissioner ruled a home’s sale price is personal information and cannot be advertised or disclosed without the permission of the buyer and the seller. This is what privacy legislation is all about — protecting your personal information. The lesson is that if you do not want to see your home’s sale price advertised after closing, then don’t agree to it.

The issue of privacy arises in the ongoing lawsuit between the Competition Bureau and the Toronto Real Estate Board, something I’ve written about in the past few months. The Competition Commissioner wants Canadians to be able to go online and access the selling price of any home in Canada. The potential abuses are huge, starting with thieves who want to learn about potential victims and their lifestyle. Since buyers and sellers didn’t provide this permission, in my opinion, it violates privacy legislation. Click here to view the full article.

It seems strange (or maybe not so strange?) that one arm of the federal government (the Privacy Commissioner) is working to protect the Canadians’ privacy, while another are (the Competition Bureau) is willing to run roughshod over individuals’ privacy rights (or at least to be oblivious to them). Hopefully Canadian’s privacy rights will prevail in the end as they should.