Competition Bureau Seeks Information From Market Participants On Property Controls To Advance Investigations
The Competition Bureau is seeking information from market participants on property controls to advance its investigations.
The Bureau is investigating potential anti-competitive practices related to the use of property controls by certain participants in the real estate sector.
Property controls can include restrictive covenants, easements, and other legal agreements that limit the use or development of land. They can be used to protect property values, preserve the character of a neighbourhood, or restrict competition.
However, property controls can also be used to create or maintain monopolies or cartels, or to exclude competitors from the market.
The Bureau is seeking information on the use of property controls in the following areas:
- Restrictive covenants: These are agreements between landowners that restrict the use or development of their land. They can be used to limit the type of housing that can be built, the number of units that can be built, or the height of buildings.
- Easements: These are agreements that give one landowner the right to use another landowner’s property for a specific purpose, such as access to a road or utility. They can be used to block development or to restrict competition.
- Other legal agreements: These include agreements between landowners, developers, and municipalities that restrict the use or development of land. They can be used to create or maintain monopolies or cartels, or to exclude competitors from the market.
The Bureau is asking market participants to provide information on the following:
- The use of property controls in the real estate sector
- The impact of property controls on competition
- Any evidence of anti-competitive practices related to the use of property controls
The Bureau is encouraging market participants to provide information on these issues by submitting a response to the RFI. The RFI is available on the Bureau’s website.
The deadline for submitting a response to the RFI is March 31, 2023.
The AI has provided us with the news.
I’ve asked Google Gemini the following question, and here’s its response.
Please search for “Competition Bureau seeks information from market participants on property controls to advance investigations” which is rapidly rising on Canada All National News and explain in detail. Answers should be in English.
119