To date, sold data has been used privately in Canada with recent laws changing how it can be used publicly, particularly on real estate web portals. The United States allowed sold home data to be shared online for consumers 10 years ago in 2018. In 2011, both the United Kingdom and Australia voted to publish sold data publicly to consumers. And back in 2010, New Zealand voted to provide data for sold properties and allow consumers to look up historical sold data as they please.
Overall, sold home data has been treated differently across countries and the impacts to the real estate market are varied. Stay tuned for more information on how this changes the Canadian real estate market.
