For Shopping Malls, Is Yorkdale’s “Snobbery” Simply A Sign Of The Times?

Listing Agreement

Understand how listing agreements work in Canadian real estate, including contract terms, agent responsibilities, and how to protect seller interests.

Listing Agreement

May 22, 2025


What is a Listing Agreement?

A listing agreement is a contract between a property seller and a real estate brokerage that authorizes the brokerage to market and sell the property under specified terms.

Why Listing Agreements Matter in Real Estate

In Canadian real estate, the listing agreement gives the brokerage legal permission to represent the seller and outlines the expectations, compensation, and scope of services provided.

Key components of a listing agreement include:
  • Asking price and property details
  • Listing duration (e.g., 90 days)
  • Commission rate and structure
  • Marketing obligations (MLS listing, open houses, etc.)
  • Clauses on exclusivity and cancellation
There are several types of listing agreements:
  • Exclusive Listing: One brokerage represents the seller exclusively
  • MLS Listing: Property is listed on the Multiple Listing Service
  • Open Listing: The seller may work with multiple brokerages (less common)

Once signed, the listing agreement creates fiduciary duties, meaning the agent must act in the seller’s best interest. Sellers should review all terms and negotiate commission rates or exclusions as needed.

Understanding the listing agreement ensures a clear relationship between seller and agent and protects both parties throughout the transaction.

Example of a Listing Agreement

A homeowner signs a 90-day exclusive listing agreement with a 5% commission and agrees to list the property on MLS with open house marketing included.

Key Takeaways

  • Authorizes agent to sell a property.
  • Defines pricing, marketing, and commission.
  • May be exclusive or open.
  • Creates fiduciary duties for the agent.
  • Must be reviewed before signing.

Related Terms

  • Commission
  • Exclusive Listing
  • MLS
  • Seller’s Agent
  • Real Estate Brokerage

Additional Terms

Public Realm Improvements

Public realm improvements are enhancements to public spaces such as sidewalks, parks, plazas, and streetscapes, often funded or contributed by. more

Mortgagee in Possession

A mortgagee in possession is a lender who takes control of a property after borrower default, but before foreclosure or power of sale. The lender. more

Lease Surrender Agreement

A lease surrender agreement is a negotiated contract between a landlord and tenant that ends a lease before its scheduled expiration. Terms may. more

Green Infrastructure

Green infrastructure refers to natural or engineered systems that manage stormwater, reduce heat, and improve sustainability in developments.. more

Escrow Holdback

An escrow holdback is a portion of funds withheld at closing and held in escrow until specific conditions are met, such as completion of repairs,. more

Underused Housing Tax

The Underused Housing Tax (UHT) is a federal annual 1% tax on the value of vacant or underused residential property owned by non-resident,. more

More For You

LJM Hamilton Tower Placed Under Creditor Protection Amid Company's Liquidity Crisis

LJM Hamilton Tower Placed Under Creditor Protection Amid Company's Liquidity Crisis

A rendering of the LJM Tower at 2782 Barton Street East in Hamilton. (LJM Developments)

When a real estate development project is facing insolvency, it’s almost always during the pre-construction phase or mid-construction phase — which makes the insolvency of the LJM Tower in Hamilton, Ontario an outlier.

Located at 2782 Barton Street East, about midway between Varga Drive and Grays Road, the LJM Tower by Burlington-based LJM Developments is a 16-storey condominium building with 313 residential units, 311 vehicle parking spaces, and 243 storage lockers.

Keep ReadingShow less

For Shopping Malls, Is Yorkdale’s “Snobbery” Simply A Sign Of The Times?

For Shopping Malls, Is Yorkdale’s “Snobbery” Simply A Sign Of The Times?

From Rolex, Tiffany & Co., and Van Cleef & Arpels, to new Chanel, Dior, and Gucci stores, Toronto’s Yorkdale Shopping Centre houses the world’s top luxury brands under one ever-evolving roof. It’s sleek, chic, and curated – a different world than the Yorkdale I knew growing up. And the now-luxury mall’s message is becoming loud and clear: Unless you’re one of us, you can’t sit with us. In a court ruling on February 9, Justice Jessica Kimmel blocked Fairweather-owned brand Les Ailes de la Mode from moving into Yorkdale’s former Hudson’s Bay Company (HBC) real estate.

According to court filings, Oxford Properties, Yorkdale’s landlord, said Fairweather stores “look and feel temporary and downmarket.” So, Oxford would rather lose millions in rent than cheapen the Yorkdale brand, which they call a “leading luxury retail destination.” Harsh? Maybe. But when we consider the future of Yorkdale, and of the shopping mall in general, the “mean girl” move makes sense.

Keep ReadingShow less
For Shopping Malls, Is Yorkdale’s “Snobbery” Simply A Sign Of The Times?

Hyde Park Homes Purchases Berkeley Church, Cites Plans To Reopen Fall 2026

Hyde Park Homes Purchases Berkeley Church, Cites Plans To Reopen Fall 2026

The Berkeley Church at 315-317 Queen Street East in Toronto/Google Maps

More than two years after its parent company, Berkeley Events, was placed under receivership, Toronto’s Berkeley Church has been purchased by Hyde Park Homes, with the company revealing to STOREYS that they have plans to reopen the historic event venue later this year.

Built in 1871, the three-storey, brick-faced building at 315-317 Queen Street East in Corktown was initially a Wesleyan Methodist Church. In 1999, the space was converted into an event venue, used for weddings, corporate events, parties, conferences, and even some concerts (Tegan and Sara, Feist, and the Yeah Yeah Yeahs, just to name a few). The property was designated under the Ontario Heritage Act in 1997.

Keep ReadingShow less

CREA: Winter Storms Suppress January Home Sales

CREA: Winter Storms Suppress January Home Sales
Max Sandelin/Unsplash

Canadian home sales started 2026 on a colder note, with activity dampened by severe winter weather across parts of the country.

According to new data released Tuesday by the Canadian Real Estate Association (CREA), home sales recorded over Canadian MLS® Systems fell 5.8% month-over-month in January. Actual (not seasonally adjusted) sales were also 16.2% lower than in January 2025.

Keep ReadingShow less

New (Free) Guide Shows Toronto Homeowners How To Tap Into ‘Missing Middle’

New (Free) Guide Shows Toronto Homeowners How To Tap Into ‘Missing Middle’

'Missing Middle' housing in Toronto

Liam Gill doesn’t describe himself as a developer, but that hasn’t stopped him from carving out a place in Toronto’s development landscape. Now, the lawyer and tech entrepreneur wants to help others do the same with his Citizen Developer’s Guide, released Wednesday morning in collaboration with More Neighbours Toronto.

The guide is designed for people like Gill — those without a formal background in real estate development, but with an interest in densifying their own home or investment property. Throughout the document, Gill walks readers through how to estimate build costs, cash flow projections, and ultimate market value, and go about the zoning, permitting, and financing processes.

Keep ReadingShow less

Eric Lombardi 'More Than Likely' To Cement Run For Ontario Liberal Party Leader: Q&A

Eric Lombardi 'More Than Likely' To Cement Run For Ontario Liberal Party Leader: Q&A

31-year-old Lombardi feels there is "an appetite for generational change" in politics, and that young people should be leading the charge.

Ontario entered 2026 with the weakest housing conditions in the country, and Eric Lombardi believes that we can do better.

The 31-one-year old civic advocate is in the process of exploring a run for Ontario Liberal Leader, a slot that opened up after Bonnie Crombie announced her resignation in mid-January. The Party has said an election will be held in November.

Keep ReadingShow less

Moving Day: January 2026 Industry Hires And Promotions

Moving Day: January 2026 Industry Hires And Promotions

From left: Thomas Fyfe, QuadReal; Kayleigh Johnson, Peterson; Jason Kraatz, Hopewell Residential; Jessica Arbour, Wesgroup; Wylen Wong, Translink; Karen Cvornyek, Arcadis

You like to be in the know. We know.

For your information, reference, and networking needs, here are the moves, hires, and promotions the real estate and development sector saw in January 2026:

Keep ReadingShow less

Vancouver To Develop Affordable Multiplex Via Housing Design Catalogue, Federal Funds

Vancouver To Develop Affordable Multiplex Via Housing Design Catalogue, Federal Funds

The “BC Fourplex 01” concept from the Housing Design Catalogue. (CMHC)

Last week, Vancouver City Council greenlit a new social housing project that will be undertaken using a series of tools introduced, in recent years, by the Government of Canada.

The project is set for 3122 SE Marine Drive, at the intersection with Kerr Street near the Fraser River and River District.

Keep ReadingShow less
Privacy PolicyAbout UsTerms of UseAdvertise with UsJobsContact UsRSS Feed
All rights reserved SiteMedia © 2026.