Zoocasa was supposed to be the Canadian answer to Zillow – making real estate transaction information more available and driving down the cost of buying and selling a home.
Well, as space889 points out that experiment has ended. Rogers is shutting down Zoocasa.
The move by a multibillion-dollar telecommunications company into real estate sent shock waves through the industry, particularly once Zoocasa began offering buyers and sellers a 15-per-cent rebate on the commissions they paid to their agents, sparking ire among some in the industry and putting pressure on other brokerages to lower their fees to compete.
Read the full article here.
