Real Estate Commissions: Everything You Need To Know

Mohamed Konate


Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook. Read his full author bio

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Real Estate Commissions: Everything You Need To Know
Published by Mohamed Konate | Updated Mar 20, 2024
Real Estate Commissions: Everything You Need To Know
Reading Time: 4 Min Home prices across Canada are skyrocketing.According to the Canadian Real Estate Association (CREA), the national average homesale reached $661,788 in July 2021. With homes selling in larger volumes and athigher prices across the country, homeowners considering buying or selling are curious about fees associated with this expensive transaction. In home sales, thelargest fee is the… Continue reading Real Estate Commissions: Everything You Need To Know
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RRSP First Time Home Buyer’s Guide
Published by Mohamed Konate | Updated Mar 20, 2024
RRSP First Time Home Buyer’s Guide
Reading Time: 7 Min Are you planning to buy a home? Do you want to know how to make it possible? For many people, having their own home is a lifelong dream. However, the rising housing costs make it nearly impossible to do so.
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What You Need to Know About Land Transfer Tax
Published by Mohamed Konate | Updated Mar 20, 2024
What You Need to Know About Land Transfer Tax
Reading Time: 4 Min Perhaps you have been thinking about buying a new home and even have your eye on the one that you would like to buy. Before finalizing the process, take the time to know of the need to pay the land transfer tax.
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What is the S&P/TSX Index?
Published by Mohamed Konate | Updated Nov 24, 2023
What is the S&P/TSX Index?
Reading Time: 5 Min   TSX Index Here at myratecompass.ca, we’re committed to providing our readers with information on a diverse array of financial topics. Recently, we’ve reviewed major players in the retail banking sector, how they’re structured, and the services they provide. We then transitioned into covering some of Canada’s most popular and most valuable credit card rewards… Continue reading What is the S&P/TSX Index?
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Management Expense Ratio(MER)
Published by Mohamed Konate | Updated Nov 24, 2023
Management Expense Ratio(MER)
Reading Time: 2 Min What’s the Management Expense Ratio?   The management expense ratio (MER) is a fee that investors are required to pay to their investment providers for overseeing their investments on an annual basis. In simpler terms, it’s the annual cost of investing in a mutual fund. For example, a MER is 2% which means that if… Continue reading Management Expense Ratio(MER)
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How to Invest in Real Estate in Canada
Published by Mohamed Konate | Updated Nov 24, 2023
How to Invest in Real Estate in Canada
Reading Time: 6 Min When people first start thinking about real estate investment, their focus is on buying a home that will hopefully increase in value as time passes. However, the real estate market actually offers a lot of investment opportunities far past the value of your personal home. These opportunities are available for all budgets as well, so… Continue reading How to Invest in Real Estate in Canada
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