This guide explains what a deposit is, why it matters, how much you can expect to pay, and the rules that govern it across Canada. Defining a Real Estate Deposit A real estate deposit is a good-faith payment made by the buyer to show they are serious about purchasing the property. It is not an extra fee because it becomes part of the buyer’s down payment and is credited toward the total purchase price...
Buying
MPORTANT DISCLOSURE: This content is published by PropertyMesh.ca for educational purposes only. It is not legal, financial, tax, or mortgage advice. PropertyMesh.ca is NOT a brokerage or lender. Our real estate content is supervised by licensed broker Faiza Ahmed (RECO #4791581) through International Realty Firm, Inc. Always consult a licensed mortgage professional for personalized loan advice. What is...
TL;DRIn Canada, the Multiple Listing Service® (MLS®) isn’t one website.It’s a co-operative network of regional databases run by local real estate boards/associations.REALTORS® use these systems to share listings, set up cooperation with other brokerages, and negotiate offers. REALTOR.ca is not an MLS® — it’s a national public portal that displays portions of MLS® listings from across the...
When an Open House is Really Worth ItIn most cases, open houses aren’t your closing strategy — but there’s one clear exception: a hot market with more serious buyers than private showing slots.When inventory is low and buyer demand is surging, private showings can book up in hours. In these conditions, an open house can efficiently funnel dozens of buyers — and their agents — through in a single...
In the complex landscape of Canadian real estate, one of the most persistent questions and sources of confusion for both buyers and sellers is this: What percentage do REALTORS® actually make from a home sale? While 5% has long been cited as the industry "norm," the reality is both more nuanced and increasingly negotiable.This guide cuts through the generalizations to examine how real estate agents are...
With discreet academic insights and trusted data integrationAs a licensed broker, I’ve spent years helping clients navigate one of the most confusing costs in real estate: commission. It’s often accepted as a given 5% split between agents but few sellers realize how much flexibility and strategy actually exist behind that number.This guide is written with sellers in mind. It breaks down how commission...
Major real estate brands in North America often charge sellers 5–6% commissions on a home's sale price – tens of thousands of dollars per transaction – yet much of this money goes toward broker profits and massive marketing budgets rather than directly improving the client's experience.1. Commission Structures: Where Your Money Really GoesSteep Commission Rates:In the U.S. and Canada, traditional...
When you are buying, selling, or renting a property - real estate agents play an important role in the housing market because their primary role is facilitating transactions, and their expertise extends far beyond simple matchmaking between buyers and sellers or between landlord and tenants.In this guide we will look into the full scope of what real estate agents do and how their services can make your...
Purchasing a home is a significant milestone and financial decision, and while most people hire a REALTOR® to guide them through the process, it's entirely possible to buy a house without one. This approach can save you money on commission fees, but it also requires careful planning, thorough research, and a solid understanding of the real estate market.In this guide below, let's explore the steps, tools,...
Buying a house is one of the most significant decisions you’ll ever make, and it’s not something to take lightly.While many articles cover the basics like location, budget, and home condition there’s so much more to consider.This comprehensive guide, dives deep into every factor you should evaluate when purchasing a home, from environmental sustainability and technological integration to legal...