Yes. It’s a mandatory written contract between you and the brokerage outlining price, commission, and listing period.

Licensed REALTORS® in Ontario are regulated by RECO (Real Estate Council of Ontario) and must follow strict ethical, disclosure, and consumer-protection rules. Working with a REALTOR® ensures your interests are legally protected throughout the buying or selling process.

It’s best to book movers at least 2–3 weeks in advance, especially during busy seasons (spring and summer). To avoid delays, schedule your movers later in the afternoon, after your lawyer confirms that the property has officially closed and the keys are released.

Working with a licensed REALTOR® is not legally required, but it is strongly recommended. Agents registered with RECO (Real Estate Council of Ontario) must follow strict ethical and disclosure rules, ensuring your interests are protected.

According to federal rules: - 5% on the first $500,000 - 10% on the portion from $500,000 to $999,999 - 20%+ on homes $1M+ A minimum 20% is also required to avoid CMHC mortgage insurance.

Commercial properties typically use: - Net Lease (N): Tenant pays base rent + one additional cost (e.g., property tax). - Double Net (NN): Tenant pays taxes + insurance + base rent. - Triple Net (NNN): Tenant pays taxes, insurance, maintenance (common for retail/industrial). - Gross Lease: Landlord covers most operating costs; tenant pays one flat rate. NNN leases are the most common for retail plazas and office buildings.

This depends on inventory levels, days on market, and sale-to-list ratios in your area. - A buyer’s market has more listings than buyers. - A seller’s market has limited inventory and strong buyer competition. Most Ontario regions shift between these throughout the year.

Once you have a firm closing date, contact your utility providers (electricity, gas, water, internet) 5–10 days before closing. Provide your name, service address, and activation date. Most Ontario municipalities allow water account transfers online.