With its mix of modern new builds and beautiful heritage buildings, the Cambridge neighbourhood of East Galt is a stunning example of “when old meets new.” East Galt is situated in the southernmost corner of Galt. Running along the east side of Grand River, also encompassing downtown Cambridge.

Interested in relocating to East Galt? Here’s a quick guide to this stunning, up-and-coming Cambridge neighbourhood:

Old Meets New

One of the most visually striking aspects of East Galt is its diverse architecture. In addition to beautiful century homes and heritage buildings, East Galt has many new developments. Many of the old mills have been repurposed into stunning condos, shopping districts, or restaurants, like the Cambridge Mill restaurant.

In some cases, East Galt architecture literally blends old and new with incredible results. For example, the Cambridge Idea Exchange. Once the location of the old post office, it is now one of East Galt’s most iconic landmarks. And for good reason.

Completed in 2018, this old heritage building was revitalized to incorporate an amazing glass atrium attached to the back of the building, overlooking the Grand River. The striking combination perfectly captures the look and feel of the neighbourhood.

Plenty of Green Space

East Galt is a desirable neighbourhood for many reasons, but one prominent feature is its plentiful green space. Although it’s situated close to the bustling downtown core in Cambridge, near City Hall, East Galt is known for its quiet tree-lined streets, green space, and close proximity to three beautiful parks. Centennial Park, Soper Park, and Churchill Park all provide an essential backdrop for numerous community activities.

Who Lives in East Galt?

With lower density than other neighbourhoods in Cambridge, East Galt residents are typically older individuals and couples who have called this area home for several decades. In the past, East Galt did not have many children or young families, however, this seems to be changing as newer developments are popping up. Younger families are now moving to East Galt because of the green space and close proximity to culture and downtown amenities.

What’s Happening in East Galt?

One of the greatest features of East Galt is that it has a small-town charm thanks to its close proximity to nature and many fantastic outdoor activities, like the Cambridge-Paris Trail. However, it’s also just a hop, skip, and a jump away from downtown. Many residents choose to take walks down the street to visit the numerous local stores, cafes, restaurants, and local weekend markets in the area.

The Idea Exchange is also a major hub of activity in the community, providing access to both online and in-person resources, art galleries, events, and entertainment.

The Future of East Galt

Many say that East Galt is a community on the cusp of gentrification. However, the community is also actively involved in the direction of the neighbourhood and have a voice in future planning. Heritage preservation is important in this area, which means that the unique look and feel of East Galt should remain for years to come.

Although as new developments geared toward new demographics continue to pop up in East Galt, the community is only getting better. East Galt truly has it all.

Want to learn more about relocating to East Galt? Let’s talk. Reach out today to learn more about this vibrant community.

You’ve made the big decision to sell your home. Congratulations! This is an exciting time. Now it’s time to meet with an agent you trust and discuss what exactly is involved. One key component is the listing agreement.

For many sellers, the listing agreement can be a little intimidating, but in this post, I am breaking down the top 7 listing agreement FAQs you need to know before signing:

1) What is a Listing Agreement?

Simply speaking, a listing agreement is a contract between the homeowner and the listing agent. It essentially gives the real estate agent permission to sell the property on behalf of the homeowner. It’s a legally binding contract that both parties must agree on and abide by.

3) What are the Main Components of a Listing Agreement?

There are several types of listing agreements depending on the property being sold. The most common type of listing agreement is an MLS (Multiple Listing Service) Agreement, which allows your property to be listed on the national MLS website.

Listing agreements like this are comprehensive, they include everything that goes into the sale of your home. Some topics that are outlined in the listing agreement include:

• Listing agreement commence date and expiry date
• Marketing strategy (MLS listing, for sale signs, online and print marketing etc.)
• Rights granted to use listing content subject to copyright in the promotion of the sale (virtual tours, home descriptions, images, floorplans, etc.)
• Legal clauses such as lawyer fees, provisions for dispute resolution, and mediation
• The agent’s commission for both selling and cooperating agents

4) Why do I Need to Sign a Listing Agreement?

Anyone who works with a real estate agent needs to sign a listing agreement. It sets the stage for a successful real estate transaction and protects all parties involved. By outlining and agreeing to the terms in writing beforehand, it holds everyone accountable for their actions and ensures a smooth and stress-free process. This is why it is so important for sellers to read the listing agreement carefully and make sure they understand each line.

4) When do I Need to Sign a Listing Agreement?

The listing agreement is typically signed whenever you are ready for the real estate agent to begin actively marketing your home. For some homeowners, this could be the first time they meet their agent. For others, this step could happen weeks or months down the road. It all depends on your unique timeline.

5) What is the Length of Time a Listing Agreement Lasts?

As a legally binding contract, the listing agreement will have an expiration date attached. The agreement is valid from the moment you sign it until the expiration date. This date could vary depending on a number of factors. For example, if the market is quiet or the condition of your home is not at its best, the expiration date might go a little longer. In a busy market and a property that is in demand, you might see a shorter expiration date. Typically, the agreement lasts between 2-6 months of signing. Anything that lasts longer requires additional acknowledgment.

6) How Does Commission Work on a Listing Agreement?

The listing agreement is where the agent’s commission is outlined. In Ontario, it’s common that sellers are responsible for paying both the listing agent and the buyer’s agent commission. In many cases, the commission is evenly split between the two. For example, your listing agreement could state that you pay 5% commission to the agent and have that figure split evenly between the two agents–so both would receive 2.5% commission.

7) How Much Does a Listing Agreement Cost?

A listing agreement does not cost anything to prepare to sign. Rather, it’s a contract that stipulates the compensation that the agent will receive upon successfully selling your property.

Signing A Listing Agreement Shouldn’t Be Scary

If you’re feeling tense or unsure about signing a listing agreement, you should consider why you are feeling reluctant. Are you signing with the right agent? Are you comfortable with the terms? At the end of the day, the listing agreement is designed to protect you as much as it is to protect the agent. By taking the time to fully understand the terms, you should feel confident moving forward with an agent you can trust!

Looking to sell? Contact me today to learn more.