How Legislation Impacts Real Estate Transactions
PRIVACY LAWApril 2, 2010
In an article for yourhome.ca, lawyer Mark Weisleder explores how Canada's privacy laws apply to the publishing and advertising of homes' selling prices. In the real estate business, writes Weisleder, "any facts about a person's home...are considered personal information because those facts can be used to identify the owner of the property." Therefore, disclosing a sales price in advertisements is prohibited under Canadian laws unless the seller grants permission. "By understanding how privacy law impacts real estate transactions," Weisleder writes, "buyers and sellers can make informed decisions regarding how their sale price is advertised, as well as protecting this very personal information from the eyes of others."