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MLS® vs Realtor.ca

There is often confusion with the difference between the MLS® system and the website found at Realtor.ca. While it’s true that some information is shared between the sources, the user of these sources and how they use them are different. Compare the two below and learn what each resource means to the seller.


MLS®

Real estate boards across Ontario each operate their own independent MLS® which their members can use as a tool for trading in real estate (ex. Open Door Realty is a member of The Toronto Real Estate Board and properties are listed through TREB MLS®).  Together, a collection of the different board’s Multiple Listing Service makes the MLS® system. To maintain the integrity of the information on MLS® listings, managing property data and property listings can only be done by REALTORS® or members of the board. The policies for information listed on a board’s MLS® are what keeps the property data so accurate and why it is the number one place for real estate agents to find homes for their buyers.

What does it mean for the seller:

It rarely costs a buyer anything to work with a buying agent so most buyers choose to do so. Agents representing buyers will almost always look at their local MLS® first, if not exclusively, which means foregoing an MLS® listing will result in a big loss of potential buyers. Good news is Open Door Realty will list your property locally for you.


 






Realtor.ca

Once your property has been listed on MLS®, the board will send the information to the Canadian Real Estate Association who will then share some of it with the public on Realtor.ca. Realtor.ca is a publicly available website where property information is searchable to users nationwide. It is one of the most visited websites in Canada and is a very important tool for getting your property in front of thousands of buyers. Unfortunately not all boards will pass their MLS® listing onto CREA and even if they do there is important information about a listing such as ‘days on market’ that will not appear on Realtor.ca.

What does it mean for the seller:

Although buying agents will likely use their local MLS® to search for homes, it is private buyers or independent buyers who will often find you through Realtor.ca. Since the reach is so vast, and the data is easy to access, even represented buyers will do their own searches on Realtor.ca. We will list your property on both MLS® and Realtor.ca with the listing mapped right to your location




 
MLS®, REALTOR®, and REALTORS® are a trademarks of the Canadian Real Estate Association. Open Door Realty Inc., Brokerage is a member of CREA and is granted use of their trademarks. In all cases MLS® refers to the Toronto Real Estate Board's system. All properties listed through Open Door Realty Inc., Brokerage are listed on the TREB Multiple Listing Service®
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