Why Canada has no Redfin

Internet-savvy companies breaking MLS’s Lock on Listing Data…


One day in 2002, a self-professed computer nerd named Glenn Kelman scratched his head. Why was it, he wondered, that he could get more information about a $20 book for sale at Amazon.com than he could for a $500,000 home listed on the national Multiple Listing Service?

Later that year, Mr. Kelman founded Redfin.com. He describes the site as a cross between Century 21 and E*Trade. A more pointed description would be to call Seattle-based Redfin a dart aimed at the heart of the real estate industry. Internet-savvy companies like Redfin are breaking MLS’s lock on listings data, which the industry uses to ensure that consumers buy and sell houses the traditional way: through real estate agents who are paid hefty commissions.

Read the full article, “Battle to unlock the housing market” in the Globe and Mail, (Jan 29, 2010).
  • Anonymous

    I fully agree, I'm pissed Canada has no redfin or propertyshark equivalent. But it's only a matter of time before the dinosaurs fall.

  • Michael Kennedy

    Ummm…PropertyGuys.com! I've used them. Absolutely awesome.

  • Anonymous

    Try myrealty.ca

  • Michael Kennedy

    Ummm…PropertyGuys.com! I've used them. Absolutely awesome.

  • http://www.facebook.com/vadim.marusin Vadim Marusin

    There is one. http://www.rebatespace.com . ENJOY!

  • Simon Ru

    I don’t think Glenn founded the Redfin. http://en.wikipedia.org/wiki/Redfin

    Simon Ru
    Founder
    http://lessthan6percent.com