TheRedPin first to combine MLS and new condo listings

Through that online portal, homebuyers have now gained direct access to real-time information on all of the GTA's resale listings in addtion to the website's already extensive information on new and pre-construction condos.

 

It means that property investors are just a click away from accessing key details about current MLS listings as well as new and preconstruction listings, including property taxes, days on the market, the property’s original listing price and, even, schools in the area.

 

That goes beyond the offerings available on Realtor.ca, where MLS listings provide only some of those details, while omitting the tax and original sales price information property investors rely to evaluate prospective acquisitions.

 

The new offerings are the result of a year-long battle waged by the competition bureau in its fight to win access to Toronto Real Estate Board (TREB) listings. The result has been the creation of a new VOW (Virtual Office Website) that allows TREB members to offer consumers a password-protected website to search MLS listings data.

 

TheRedPin has been the first brokerage to seize the opportunity and offer online listing info for more than 21,000 resale properties, plus more than 13,000 new condos.

 

“Homebuyers can now expect up-to-date information on all of the GTA’s resale listings with far more data than they previously would get on Realtor.ca,” said Shayan Hamidi, TheRedPin CEO.

 

An estimated 94% of homebuyers begin their real estate searches online, suggesting demand is strong for its more-comprehensive database, according to TheRedPin.

 

That access to MLS information now available on TheRedPin.com comes with some conditions.TREB’s VOW terms of use insist on users agreeing they “have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered through this VOW” and that the listing information cannot be redistributed on another webpage.

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