Quote by Steve W.,My experience, diligence & attention to the details are what differentiates me from the cr...
Quote by Sam K.,I am one of the most knowledgeable, hard working and passionate realtors you will come to ...
Quote by Felicia M.,Treating every client's needs to buy/sell a property like my own with the absolutely best ...
A one percent REALTOR® or one percent agent is a real estate professional who charges only 1% commission (plus applicable sales taxes) to sell your home. In competitive markets like the Greater Toronto Area or Vancouver, many agents offer lower commissions to set themselves apart from their competition. On a $500,000 home in Ontario, you could save more than $7,500 with a 1% agent. While some regions may not offer one percent real estate agents, WOWA.ca helps you find the best agents with the lowest commissions in your area.
Real estate commissions in Toronto and the rest of the Greater Toronto Area are set to a standard of 2.5% of the home price for the seller agent and 2.5% of the home price for the buyer agent. Both commissions are paid by the home seller. For a $500,000 home, total commissions (not including sales taxes) can be $25,000 at a 5% total commission rate.
With more than 56,000 agents in Toronto's Regional Real Estate Board competing for clients, many of the city's top agents are willing to lower their commissions or give cashback to their customers. Real estate agents know the value of satisfied customers and will offer incentives so that their clients will remain loyal customers the next time they buy or sell a home. Even with the discount, the absolute value of the commissions can still be worthwhile with the high home prices in the GTA.
You could save up to $7,500 when you work with a WOWA.ca agent.
* Savings based on a discounted commission rate of 1% compared to a commission rate of 2.5%. Results are shown for illustrative purposes only.
Toronto's real estate market has continued its steady climb despite economic and social headwinds from COVID-19. Fueled by record-low mortgage rates and loose monetary policy from the Bank of Canada, prices in July 2020 are 16.9% higher than in June 2020 and transactions are at a record 11,081 sales. This continues the rapid recovery in June 2020 where sales rose 89% month over month compared to May 2020 and prices of all property types were up more than 7% year over year.
* 1% and other discounted commission offers may be subject to terms and conditions. Please discuss with your real estate agent before making any decisions. We try our best to find you the best agents, but we are not responsible for any losses or damages caused by the actions by any of our real estate agents.