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30 DAVID Street E, Elora, N0B1S0

30 DAVID Street, Elora, Ontario N0B1S0

3Bedroom(s)
2Bathroom(s)
50Picture(s)
If these historic walls could talk, they would have tales to tell about the magical transformation over the decades. This is one of Elora's coveted heritage homes situated on a huge mature 188 foot deep lot. Truly unique, inside you will find a fusion of Old World, modern, eclectic French, and Victorian chic.
$1,499,900

171 GRAND RIDGE Drive, Cambridge, N1S4Y7

171 GRAND RIDGE Drive, Cambridge, Ontario N1S4Y7

5Bedroom(s)
4Bathroom(s)
Attached GarageParking(s)
50Picture(s)
Offers reviewed upon receipt, first come first serve, OPEN TO OFFERS Most sought after location, custom bungalow built by Chrisview homes 16 years ago on a very exclusive private road, no rear neighbors, fully finished lower level with walk out, family rm and 2 large bedrooms.
$1,795,000

260 OLD HURON Road, Kitchener, N2R1P8

260 OLD HURON Road, Kitchener, Ontario N2R1P8

4Bedroom(s)
4Bathroom(s)
Attached GarageParking(s)
50Picture(s)
Thinking of treed green space and a swimming pool? Situated on 1/3 Acre, find an oasis in the backyard of this home. Plenty of opportunity for many styles of living here. Main house (1960 sq ft) with 3 second floor bedrooms and a large bath with Jacuzzi tub.
$1,299,900

247 GREY SILO Road Unit# 204, Waterloo, N2K0G2

247 GREY SILO Road, Waterloo, Ontario N2K0G2

2Bedroom(s)
2Bathroom(s)
UndergroundParking(s)
50Picture(s)
Luxury living in North Waterloo's Carriage Crossing! This spacious 2-bedroom contemporary condo offers an open-concept design with upgrades including quartz countertops and is entirely carpet-free with engineered hardwood throughout.
$899,000

85 BEASLEY Crescent Unit# 11, Cambridge, N1T1P5

85 BEASLEY Crescent, Cambridge, Ontario N1T1P5

2Bedroom(s)
2Bathroom(s)
Attached GarageParking(s)
50Picture(s)
Living for the young at heart at its finest in the Shades Mill Village. Spacious foyer greets you as you walk in, kitchen off to the right with a breakfast nook and to the left is a bedroom currently used as a den and a 3pc bath.Front hall opens up to the diningroom and livingroom with gas fireplace.
$750,000

325 CONSERVATION Drive, Waterloo, N2V1V2

325 CONSERVATION Drive, Waterloo, Ontario N2V1V2

4Bedroom(s)
2Bathroom(s)
Attached GarageParking(s)
50Picture(s)
OPEN HOUSE SUN MAY 22nd 2-4 p.m. Welcome to beautiful Lakeshore North where you can enjoy nature at the nearby Laurel Creek Conservation Area and short trips to the St. Jacobs market and shopping district. This lovely carpet free backsplit is perfect for the growing family.
$849,900

487 DOON SOUTH Drive, Kitchener, N2P2T6

487 DOON SOUTH Drive, Kitchener, Ontario N2P2T6

3Bedroom(s)
4Bathroom(s)
Attached GarageParking(s)
50Picture(s)
Backing onto the lovingly cared for greenspace of Doon Creek Natural Area, this family home is an absolute dream. Located in the prestigious Doon South neighbourhood the property offers lots of privacy, featuring no neighbours behind and walk out basement. It is conveniently located just minutes away from HWY 401 and Conestoga College.
$1,050,000

52 GATEWAY Drive, Guelph, N1H7A3

52 GATEWAY Drive, Guelph, Ontario N1H7A3

4Bedroom(s)
2Bathroom(s)
Attached GarageParking(s)
50Picture(s)
welcome to 52 gateway drive a well kept side split home in sought-aft west acres area. Very accessible location, close to many amenities, gateway elementary school across the rd, close to costco, zehrs supermarket, banks, library, recreation center.
$849,999

355 RIVER OAK Place, Waterloo, N2K3N8

355 RIVER OAK Place, Waterloo, Ontario N2K3N8

5Bedroom(s)
5Bathroom(s)
Attached GarageParking(s)
50Picture(s)
Rare opportunity to live in prestigious River Oak Estates, Waterloo's most Exclusive neighborhood with Collection of Classically-Styled Luxury Homes. This one of a kind custom built bungalow with triple garage on approximately 1/2 acre beautifully landscaped lot backs onto Emerald Lake. The grand scale entrance presents beautiful porcelain flooring.
$3,299,900

413 HURON Street, New Hamburg, N3A1K5

413 HURON Street, New Hamburg, Ontario N3A1K5

5Bedroom(s)
2Bathroom(s)
Detached GarageParking(s)
50Picture(s)
Great Location and huge lot (78.9 ft X 389 ft.) (.71 of an acre).This original farm home is duplexed with a large 3 bedrm main house with main floor laundry/mud room plus a 2 bedrm Granny Flat.Each has its own gas furnace and hydro panel. There is value in the land - the property has a split zoning with the majority of the land from the front property line being a Z3 zoning (approx. 78.
$895,000

413 HURON Street, New Hamburg, N3A1K5

413 HURON Street, New Hamburg, Ontario N3A1K5

5Bedroom(s)
2Bathroom(s)
Detached GarageParking(s)
50Picture(s)
Great Location and Huge Lot (78.9 ft frontage x 389 ft)(.71 of an acre).This original farm home is duplexed with a large main house with main floor laundry/mud room plus a 2 bedrm Granny flat.Each has its own gas furnace and hydro panel.There is value in the land - the property has a split zoning with the majority of the land from the front property line being a Z3 zoning (approx 78.
$895,000

6746 WELLINGTON RD 34 Road, Puslinch, N3C2V4

6746 WELLINGTON RD 34 Road, Puslinch, Ontario N3C2V4

5Bedroom(s)
Attached GarageParking(s)
50Picture(s)
Absolutely Show stopper Custom Built Mansion with a practical layout. Precise Craftmanship Inside & Out. List Of Features Too vast To Be Within This Description Please Request Features List.
$6,500,000
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What Is the Multiple Listing Service?

 
A term that’s come up frequently on the WRX Property Group website and blog is Multiple Listing Service, or MLS for short. It’s one of the most important tools/systems/services for real estate agents working throughout Canada (and indeed, throughout the world).
 
If you just want the basics, MLS is a tool and system through which realtors post properties for sale on behalf of a seller. Realtors working on behalf of prospective buyers can then browse the listings and contact any associated sellers of a particular property for more information (and to set up a viewing).
 
It’s an incredibly important system – indeed, the percentage of Canada’s real estate transactions that are completed via MLS typically hovers around 90%. So the simplest way to understand it is this: MLS is a service in which agents working on behalf of sellers and buyers connect.
 
The other main point is that the majority of real estate postings in Canada are found through MLS. For those of you looking for a more in-depth discussion, let’s first start with the overall history of multiple listing services.
 

A Broad Definition and History

 
Broadly, a multiple listing service (in other words, not the specific, Canadian Multiple Listing Service we’ll be focussing on later) is a shared platform in which accredited realtors, representing sellers, share information about properties (specifications and asking price) in a particular area.
 
Buyers, and agents working on their behalf, use the service to browse available properties and to find contact information in order to pursue the option. It is both a database of listings and, usually, a software service that features a user interface enabling various search criteria.
 
As with many broadly-used services and historical innovations, it’s difficult to pinpoint exactly when and where multiple listing services were first implemented. What we do know is that in the late nineteenth-century, real estate brokers in the United States of America would frequently gather at offices of local realty associations, swapping information about properties they were trying to sell.
 
They eventually determined that by helping each other sell properties, they could also help themselves sell their own properties. Compensation based on mutual assistance – and an underlying philosophy of what helps one, helps all – led to the first, proto-multiple listing service.
 
Of course, the advent of the Internet has had profound effects on multiple listing services, too, leading it to take on its present form. Numerous countries around the world use multiple listing services: in some there are singular, national services, and in some, there is no trademarked, centralized service, but rather multiple regional or privately-owned versions.
 

 

MLS in Canada

 
Canada’s multiple listing service is fittingly called the Multiple Listing Service. The MLS name and logo is a registered trademark used to “identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system” (Realtor.ca).
 
It’s a nationwide service based on the mutual cooperation of members of the Canadian Real Estate Association. It’s operated by the various real estate Boards and Associations in Canada (in total, 101 real estate boards, and 11 provincial/territorial associations).
 
Let’s take a closer look.
 
The Canadian Real Estate Association (CREA) stretches back to 1943, when it operated under a slightly different name; the CREA as we know it was founded in 1954. It’s a Canadian Trade Association (in fact, one of Canada’s largest single-industry Trade Associations) consisting of over 109,000 real estate agents, brokers, and salespeople, spread throughout Canada.
 
The real estate industry in Canada consists of three tiers: local real estate boards (like the Kitchener-Waterloo Association of Realtors), provincial or territorial associations (like the Ontario Real Estate Association), and the nationwide CREA. For someone to become a Realtor with the CREA and have access to their various tools, they must have membership in their local board, or their provincial/territorial association.
 
Membership not only confers this access, but also connotes a degree of integrity, as the CREA lays out a code of ethics and national standards that member Realtors must abide by. The CREA also monitors the overall real estate market and economy; subsequently, they provide analyses to both clients and Realtors, they influence governmental policy through advocacy, and they protect the rights of buyers and sellers.
 
The MLS in Canada operates first from the local level. Each constituent MLS System is run by local real estate boards and Associations that are part of the overarching CREA. These systems are available to accredited Realtors (members of the various boards/Associations within the CREA) who work on behalf of a seller to post a listing, or on behalf of a buyer to search for properties (cooperating Realtors working on the seller’s behalf share a commission in the case of a completed transaction).
 
MLS Systems feature numerous details about any given property, which is one of the reasons it’s such a vital tool. Only Realtors can access these details, learning such information as a home’s history and more.
 
MLS also has intuitive search tools with which Realtors can narrow down their search to ensure the best results for their client. Sellers who do not want to hire a Realtor to handle their overall sale process will still need to commission one to make a listing on the MLS System; to reiterate, only accredited Realtors can list properties on the MLS.
 
The CREA owns and operates the MLS and the Multiple Listing Service in Canada, and it also owns and operates the website Realtor.ca. Realtor.ca is incredibly important to Canadian real estate, but while it has elements of the MLS, it is not precisely MLS.
 
Realtor.ca is a publically-accessible website with real estate listings throughout Canada. Buyers, sellers, and renters can all find various uses for its services (including the listings themselves, but also additional features like a mortgage calculator), and it attracts nearly a quarter of a million visitors annually.
 
Realtor.ca derives its property listings from the MLS Systems of local, provincial, and territorial boards/Associations across the country; it’s an advertising website designed to give Realtors greater exposure for their listings.
 
The full-time Realtors at WRX Property group are fully accredited, and ready to work diligently on your behalf – whether you’re buying or selling. We are adept at getting the best results from the MLS System, and we post listings on our website up to 24 hours before they appear on the MLS.
 
If you’d like to know more, please don’t hesitate to contact us.
 
Written by Will Kummer

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