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16 AMBERDALE Way, New Hamburg, N3A0C1

16 AMBERDALE Way, New Hamburg, Ontario N3A0C1

4Bedroom(s)
3Bathroom(s)
Attached GarageParking(s)
50Picture(s)
Now this is living…welcome to the Stonecroft community in New Hamburg. This stunning home has all the wow. Enjoy stepping into the open concept main floor bungalow with gorgeous engineered hardwood floors. The main floor design offers a formal dining room, eat in kitchen area, newer modern kitchen and inviting living room with a cozy gas fireplace.
$1,095,000

121 WATERLOO Avenue Unit# 103, Guelph, N1H3H9

121 WATERLOO Avenue, Guelph, Ontario N1H3H9

2Bedroom(s)
3Bathroom(s)
UndergroundParking(s)
50Picture(s)
Rare Opportunity in the heart of Guelph. Townhouses are few and far between in this fantastic city's downtown core, and a fully renovated property is even rarer. This better-than-new condo townhome offers the luxury of being move-in ready with beautifully appointed finishes. Updated mechanically and aesthetically you will be hard-pressed to find a better-valued property.
$639,900

184 HALLS Drive, Elora, N0B1S0

184 HALLS Drive, Elora, Ontario N0B1S0

4Bedroom(s)
4Bathroom(s)
Attached GarageParking(s)
50Picture(s)
Welcome to 184 Halls Drive, located in south Elora in the new community of Granwood Gate. This (almost) new two storey is built to Net Zero standards by award winning builder Wrighthaven Homes. Not only are Net Zero homes more environmentally conscious, they also save you money on energy bills, are quieter, with better indoor air quality, and offer more comfortable indoor air temperatures.
$949,900

104 GRANDVIEW Drive, Conestogo, N0B1N0

104 GRANDVIEW Drive, Waterloo, Ontario N0B1N0

5Bedroom(s)
4Bathroom(s)
Attached GarageParking(s)
50Picture(s)
AN ULTRA-MODERN LUXURY ESTATE WITH A POOL THAT BOASTS 5000 SQFT OF LIVING SPACE! Situated on a stunning 3/4 acre lot, this private cottage retreat is located minutes away from, Golfing, Restaurants, and the Grand River. The stone entrance leads you inside the incredible open-concept living space and will impress with its vaulted ceilings, skylights, and high-end finishes throughout.
$2,799,900

1261 HURON Road, Petersburg, N0B2H0

1261 HURON Road, Petersburg, Ontario N0B2H0

3Bedroom(s)
3Bathroom(s)
Detached GarageParking(s)
50Picture(s)
Wow! Privacy with 3 acres in the country 5 minutes from the city. This 1834 Fieldstone 2 storey, 3 bedroom, 3 bath home provides great tranquility surrounded by farmland and forest. Beautiful updates and upgrades including, gorgeous 20 ft. x 40 ft.
$1,920,000

23 MIDDLETON Avenue, Fergus, N1M0G2

23 MIDDLETON Avenue, Fergus, Ontario N1M0G2

2Bedroom(s)
3Bathroom(s)
Attached GarageParking(s)
50Picture(s)
FREEHOLD(NO CONDO FEES) 3 bathroom, 2 bedroom BUNGALOW TOWNHOUSE! This upscale bungalow built in 2018 has all the bells and whistles that you are looking for. Beautifully finished open floor plan with upgrades that include hardwood, granite, California shutters, garage door opener, modern appliances, central vac.
$769,000

7818 WELLINGTON 36 Road, Puslinch, L0P1J0

7818 WELLINGTON 36 Road, Puslinch, Ontario L0P1J0

4Bedroom(s)
4Bathroom(s)
Attached GarageParking(s)
50Picture(s)
Magnificent country setting in sought after Puslinch, Ontario. Location, Location Location is key when buying Real Estate and this beauty offers that and so much more! Situated well back from the road with gorgeous trees bordering the property providing that cottage atmosphere. This 3+1 bedroom with main floor master bedroom and 4 bathrooms is picture perfect for a growing family.
$2,399,000

56 BANK SWALLOW Crescent, Kitchener, N2P0J7

56 BANK SWALLOW Crescent, Kitchener, Ontario N2P0J7

4Bedroom(s)
4Bathroom(s)
Attached GarageParking(s)
50Picture(s)
End unit with 2 Car Garage. 1995 sft above ground plus finished basement with a washroom which has direct access from garage into basement. Beautiful Ravine view from the great room with high ceilings. Deck for those awesome Evenings and weekends. Kids park near to the home. Walking Trails. Walk to school. 4th bedroom in Basement.Upgraded Kitchen.
$820,000

361 GEORGE Street N Unit# 3, Cambridge, N1S4X6

361 GEORGE Street, Cambridge, Ontario N1S4X6

2Bedroom(s)
3Bathroom(s)
Attached GarageParking(s)
50Picture(s)
Located in the prestigious Riverwalk Community nestled on the banks of the mighty Grand River, and geared towards the adult lifestyle; this beautiful end unit bungalow is finished top to bottom and shows AAA.
$960,000

332 GOSLING Gardens Unit# 504, Guelph, N1L0P8

332 GOSLING Gardens, Guelph, Ontario N1L0P8

2Bedroom(s)
2Bathroom(s)
UndergroundParking(s)
50Picture(s)
Welcome to 332 Gosling Gardens. A recently built condo on the edge of Guelph's south end. This stunning 5th-floor unit features 2 bedrooms, 2 bathrooms, 2 underground parking spaces, and 2 lockers... What more would you like? This unit has it all, an open-concept kitchen overlooking the living and dining area, with a cozy electric fireplace on the wall.
$989,900

3 LOVERING Lane, Guelph, N1L0H3

3 LOVERING Lane, Guelph, Ontario N1L0H3

5Bedroom(s)
4Bathroom(s)
Attached GarageParking(s)
50Picture(s)
A gem located in the south end of Guelph which is an 'almost' new 4+1 bedroom, 2- storey detached home built in 2021. This house has alot to offer with main floor that has family room, living room, kitchen & dining area. A kitchen is complimented with stainless steel appliances along with the centrally located Island.
$1,545,000

136 SILVERTHORNE Drive, Cambridge, N3C0A8

136 SILVERTHORNE Drive, Cambridge, Ontario N3C0A8

3Bedroom(s)
3Bathroom(s)
Attached GarageParking(s)
50Picture(s)
This One Is An Absolute Showstopper! Mattamy Built Grand Valley Corner 1930 Sq. Ft + A Fully Finished Basement On a Huge Premium Corner Lot Overlooking The Trail System & Greenspace In The Highly Sought After Millpond Community in Hespeler. Loaded With Tasteful Custom Upgrades. Double Door Entry Brings You To The Open Foyer.
$999,000
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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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