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Real Estate History in the Making: Letter to Canadian Homebuyers From TheRedPin’s CEO

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TRP Real Estate History in the Making: Letter to Canadian Homebuyers From TheRedPins CEO

Monday January 9, 2011 marked a special day, both for the Canadian real estate industry, and TheRedPin – it was the beginning of a new era of innovation, to improve the home buying and selling experience.

April 2007 – Telecom giant Bell Canada, enters the real estate industry and attempts to offer resale listings on its website. Three days later, the Toronto Real Estate Board (TREB) shuts them down, as they realize Bell is illegally scraping information off of the MLS®, to view on their site.

June 2008 – Three techies and a real estate pro get together to build the next generation of real estate search for Canadians, called TheRedPin.com
Two years later on September 2010, TheRedPin is publicly launched with the first one-stop shop for new condos in the GTA.

May 2011 – After years of investigation, Competition Bureau finally sues TREB for its restrictive rules over the Multiple Listing Service (MLS®). Six months later in November, TREB launches its VOW policy, outlining possibilities of offering resale listings on a member’s site.

January 9, 2011 - TheRedPin is the first platform to open up the MLS®. Giving the public access to search through resale homes and condos.

For the past three months we have been quietly working on “TVP”, a secret project internally tagged as “Opening Up the MLS®”. Today, TheRedPin is proud to be the first platform to offer public access to TREB’s active MLS® listings. Through TheRedPin, GTA homebuyers can now expect to get all the information on a resale listing, way more than what they previously received through Realtor.ca.

With access to new MLS® data, TheRedPin.com is now the largest for sale residential database in the GTA, and the first to bring new condos and resale home listings together under one umbrella. The company has created an unbiased online real estate experience and is helping the decision-making process by bringing transparency, and giving buyers more information.

Although it’s been a long journey, we applaud TREB for taking initiatives and paving the way for TheRedPin and others to bring innovation to our real estate industry.

Congrats to all, as this is a big win for the Canadian homebuyer, for TREB, and also for our team at TheRedPin.

Shayan Hamidi
CEO & co-Founder
TheRedPin.com

*TheRedPin.com Realty Inc, Brokerage, 416-800-0812

About the Author

TheRedPin is Toronto and GTA's only one-stop condo destination where you can find complete information on all of Toronto's Condos. TheRedPin is also Canada's first online brokerage where you can get back 1% of the price of your condo's purchase price*.