Once a home is sold in your neighborhood, people tend to talk about it - they want to know how much the sellers were asking, what the buyers paid for it, what the seller paid in the way of commission, and many other details about the home. Not all sellers want to divulge this information, especially if they did not give their consent for this information to be released.
There is a privacy law in Canada that can protect you from having information regarding the sale of your home given to others. The purchase price is considered to be private information and permission must be given to allow it to be advertised. To learn more about the privacy legislation by the federal government, click here.
This is a good read. As a seller, it gives information about some of the legal issues of real estate, including what information is determined to be “Personal Information”. It gives information regarding how to protect your privacy, even how the buyer can keep the sale price off the title registry.
Until next time,
Jamie
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