90% of Canadians unaware of MLS changes: poll

Until recently, listings were only available to sellers with the full suite of services traditionally provided by a Realtor. Recent changes now allow people to use a real estate agent only to get their property listed on MLS, while they handle all the other details.

The poll also showed that 45% of Canadians would now consider using a real estate lawyer and sell privately rather than using a real estate agent. Only 28% were even aware that changes had been made to the MLS system, however.

“What these findings show us is that there is an appetite among Canadians to conduct the sale of their home privately,” said Ray Leclair, vice president of TitlePLUS. “But buyers and sellers alike need to recognize the limitations of going it completely alone because the intricacies of the often perceived common transaction.”

Consulting with a real estate lawyer is one way to avoid issues with those intricacies, said Leclair.

He gave the example of the agreement of purchase and sale. Consumers who skip the real estate agent need to ensure the document is drafted to protect their interest and that it reflects what was agreed to between the buyer and seller.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?