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165 COURTNEY Street, Fergus, N1M0E2

Fergus, Ontario N1M0E2

3Bedroom(s)
3Bathroom(s)
Attached GarageParking(s)
50Picture(s)
Beautiful 2 storey detached home only 5 years new backing onto open space of Farmer's fields! Located in a family friendly and desirable neighbourhood in the charming town of Fergus, close to schools, shopping, parks, hospitals and trails. The open concept layout in this 1708 sq ft home is complimented by the neutral decor and warm ambiance.
$849,900

332 GOSLING GARDENS Square Unit# 110, Guelph, N1L0G7

332 GOSLING GARDENS Square, Guelph, Ontario N1L0G7

2Bedroom(s)
2Bathroom(s)
Visitor ParkingParking(s)
50Picture(s)
Just a year old and a luxurious 2 bedroom + 2 bathroom suite situated at ground level in the upscale South Hill Condo’s with a prime south-end location! Stunning eat-in kitchen with fresh white cabinetry, back splash, beautiful quartz counters, stainless steel appliances, pot lighting, neutral décor & 9 ft ceilings throughout! Open to the bright & airy living room boasting lux
$719,900

292 DEWDROP Crescent, Waterloo, N2V0B1

292 DEWDROP Crescent, Waterloo, Ontario N2V0B1

6Bedroom(s)
4Bathroom(s)
Attached GarageParking(s)
50Picture(s)
Welcome to this gorgeous house! Nestled in an upscale community where you would love to spend time with your family. A perfect balanced home between nature and city. Main floor boasts a large dinning and family room with fireplace surrounded by beautiful stones. Kitchen has lots of cabinetry space and beautiful island.
$1,300,000

673 HANLON Road, Guelph, N1G2S4

673 HANLON Road, Guelph, Ontario N1G2S4

7Bedroom(s)
4Bathroom(s)
Attached GarageParking(s)
50Picture(s)
Mortgage helper. 2bdrm 1 bath LEGAL ACCESSORY APARTMENT above garage. Located in the popular Old University/Dovercliffe Park nieghbourhood. This is a one of a kind home in the area with a larger then average lot at 0.48acres.
$1,888,000

1069 GREENFIELD Road, Cambridge, N1R5S5

1069 GREENFIELD Road, Cambridge, Ontario N1R5S5

4Bedroom(s)
3Bathroom(s)
Attached GarageParking(s)
50Picture(s)
A slice of country heaven just minutes from city conveniences. Welcome home to 1069 Greenfield Road, a 2- storey home located on a stunning 0.75-acre lot with beautiful views of farmers’ fields, wooded areas and the most beautiful sunrises and sunsets you've ever seen. Offering 4 bedrooms, 2.5 bathrooms, a double car garage and a large workshop.
$1,249,900

35 ATTO Drive, Guelph, N1E0E2

35 ATTO Drive, Guelph, Ontario N1E0E2

4Bedroom(s)
4Bathroom(s)
Attached GarageParking(s)
50Picture(s)
This home is on the NICE List! Twas the night before Christmas and excitement filled the house. Snuggled into their warm beds, two kids were anticipating Santa’s visit and wondering if he will come directly from the North Pole, sweep across Guelph Lake and skim over the conservation area that is within reach of their home.
$1,299,900

68 COTTONWOOD Crescent, Cambridge, N1T2J1

68 COTTONWOOD Crescent, Cambridge, Ontario N1T2J1

4Bedroom(s)
4Bathroom(s)
Attached GarageParking(s)
50Picture(s)
Tucked away on a quiet street in a great neighbourhood, you don’t want to let this gorgeous estate pass you by. The Classic curb appeal of this all-brick stunner greets you with professionally designed landscaping, brick paver driveway and a heated triple garage. As you step inside, you will instantly feel right at home – the more time you spend here, the harder it is to leave.
$1,999,900

16 MILLWOOD Court, Guelph, N1K1R5

16 MILLWOOD Court, Guelph, Ontario N1K1R5

4Bedroom(s)
3Bathroom(s)
Attached GarageParking(s)
50Picture(s)
Welcome to 16 Millwood Court, a spacious family home nestled in a quiet Cul de sac, in Guelph's desirable West end community. Location, location, location! This home is walking distance to Taylor Evans public school, and St.Francis of Assisi, close to shopping, Costco, and highway access.
$999,000

625 ST DAVID Street S Unit# 106, Fergus, N1M0A8

625 ST DAVID Street, Fergus, Ontario N1M0A8

2Bedroom(s)
1Bathroom(s)
Visitor ParkingParking(s)
50Picture(s)
Amazing opportunity for first-time home buyers or downsizers! Overlooking parkland, this immaculate 2-bedroom condo in Fergus features open concept living with spacious kitchen, living and dining areas perfect for entertaining, 4-piece bath and in-suite laundry closet. Enjoy a morning cup of coffee and/or late day glass of wine on your private balcony overlooking green-space.
$545,000

15 MCGARR Drive, Guelph, N1L1N4

15 MCGARR Drive, Guelph, Ontario N1L1N4

4Bedroom(s)
4Bathroom(s)
Attached GarageParking(s)
50Picture(s)
Welcome home to 15 McGarr Dr.! This bright, immaculate 4-bedroom/3.5-bathroom Carlton house is located on a quiet street in the popular South End of Guelph. With its exposure to the South, this former model home receives much light throughout, including in the large walk out basement.
$1,190,000

96 WESTFOREST Trail, Kitchener, N2N3B2

Kitchener, Ontario N2N3B2

5Bedroom(s)
4Bathroom(s)
50Picture(s)
Don't miss a rare opportunity to own on this sought after street in this family friendly neighborhood. This 2 story, 3 bedroom home features a vaulted ceiling in the family room complete with gas fireplace. The main floor office can double as a guest bedroom. A newly finished, walkout basement is perfect for older children & features 2 bedrooms, full bathroom and a wet bar.
$975,000

112 BENTON Street Unit# 321, Kitchener, N2G3H6

112 BENTON Street, Kitchener, Ontario N2G3H6

1Bedroom(s)
1Bathroom(s)
Detached GarageParking(s)
50Picture(s)
Welcome to Suite 321 at the Historic Arrow Lofts in Downtown Kitchener. Located just steps from the LRT, Victoria Park, Iron Horse Trail, Innovation district, Kitchener Market and much more! As soon as you enter the unit you will be impressed by its soaring 12' ceilings and original factory columns.
$549,000
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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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