1.5% Cashback Agents Home Buyers: Increase Your Purchasing Power with a 1.5% Cash Back Realtor in Toronto, Mississauga, and Surrounding Areas!
 

A cash back rebate is a co-operating commission discount legally paid by a real estate brokerage to a buyer client after the successful closing of a home purchase. In Ontario, sellers typically pay around 2.5% in co-operating commission to buyer agents. Green Hedge Realty keeps just 1%, while the rest is paid back to the buyer client as a cashback rebate — often 1.5% of the purchase price, or $15,000 for every million dollars spent. This tax-free money can be used to pay for renovations, home maintenance, a well-deserved vacation, or anything else.
 
There is no limit on the amount of cash back one can receive, no minimum purchase price, no future commitments, no administration fees, and the service remains complete and uncompromised - buyers receive full designated MLS® REALTOR® representation services from experienced Green Hedge Realty agents, with no limit on the number of showings.

No Admin Fees. No Hidden Fees. No Taxes.

Any buyer client who works with a Green Hedge Realty cashback agent, will receive the cashback rebate as promised without any deductions for admin fees, or taxes. If the purchase price is $1,000,000 and the co-operating commission is 2.5%, then the cashback rebate will be exactly $15,000.
 

Cashback Calculator: Calculate the Amount of Cashback a Home Buyer Will Receive Use the slider below to determine the amount of cashback a real estate buyer will receive from Green Hedge Realty in cases where 2.5% co-operating commission is paid by the seller on MLS.

Home Value:

$1,000,000

Cash Back Rebate:

$15,000

An Example: A Practical Look at How a Young Couple Benefited from a Cash Back Rebate on a Home Purchase with Green Hedge Realty

Alex and Taylor took full advantage of Green Hedge Realty's full-service approach, touring multiple homes in various Toronto neighbourhoods with their designated cashback agent to compare features, pricing, and overall value. This thorough approach, paired with their cashback agent's advice, equipped them with real-time market data to negotiate confidently and secure their dream home at a purchase price 8% below the seller's asking.
 
Additionally, the seller paid a 2.5% cooperating commission, and Alex and Taylor received a generous $22,065 cash back rebate — representing both immediate savings and future flexibility. By viewing multiple home listings and strategizing with their experienced cashback agent, they felt confident in their decision and can now rest easy knowing they made an optimal purchase without overspending. They invested part of their rebate in home renovations, and deposited the other part in their Tax-Free Savings Account for future spending.

Are Cash Back REALTORS® Worth It? Do Buyers Receive Lower Quality Services?

Cash back realtors are worth it, and when working with Green Hedge Realty's cash back realtors buyers can expect to receive full designated representation that meets the highest regulatory and professional standards.
 
Green Hedge Realty is licensed with the Real Estate Council of Ontario (RECO) as a Brokerage and insured under the Trust in Real Estate Services Act, 2002 (TRESA). As a member of the Toronto Regional Real Estate Board (TRREB), the Ontario Real Estate Association (OREA), and the Canadian Real Estate Association (CREA), Green Hedge Realty is also subject to a code of ethics and rules ensuring buyers receive professional and comprehensive representation services from qualified and experienced REALTORS®.
 
To ensure complete satisfaction with the services, buyers are encouraged to discuss their specific requirements, area of interest, and personal schedule with their cash back realtor to determine if they are a good fit for them.

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How it Works: From Initial Call to Closing & Cash Back Rebate

When you first speak to a Green Hedge Realty cash back agent, you'll have the opportunity to ask questions about the cash back rebate program and discuss your personal requirements, area of interest, and any factors that may affect your real estate purchase plans. If you decide to work together, your cash back agent will review and explain the 'RECO Information Guide'. Once signed, you'll both proceed to review and sign the 'Buyer Designated Representation Agreement,' which outlines the details of the cash back rebate, as well as the 'Buyer Not Non-Canadian Warranty' form.
 
After the representation paperwork is completed, your Green Hedge Realty cash back agent will set up a property search tailored to your requirements or start booking showings if you already have a list of properties in mind. When you find the right property, your agent will discuss an offer strategy and prepare the 'Confirmation of Cooperation and Representation' form, confirming the commission paid by the listing brokerage, along with the 'Agreement of Purchase and Sale,' which formalizes the offer. Prior to the signing of the offer your cash back agent will verify your ID as required by FINTRAC and the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
 
Once the seller accepts the offer, the agreement may either be firm or subject to conditions like inspection or mortgage financing approval. After all conditions are met and the deal is firm, your lawyer will take over and prepare the final documents needed to complete the purchase and transfer title on closing date.
 
Following closing, after Green Hedge Realty receives the co-operating commission from the listing Brokerage, you will receive a cheque for the cash back reabate and the transaction will be completed.

Are Cash Back Rebates Taxable Income? Is Land Transfer Tax Affected? Do Buyers Pay Less Harmonized Sales Tax (HST) on New Homes?

Generally accepted practice holds that a cash back rebate on a home purchase is a price discount, and no income tax is payable. If the home is later sold, this discount may have an effect on capital gains tax paid to the Canada Revenue Agency (CRA). However, since taxes vary based on individual circumstances and REALTORS® are not experts on taxes, buyers are advised to consult with a tax professional regarding their specific cash back rebate.
 
In Ontario, a buyer may pay Provincial Land Transfer Tax (PLTT), Municipal Land Transfer Tax (MLTT), and, for new homes, Harmonized Sales Tax (HST). None of these taxes are affected by cash back rebates because they are calculated based on the value of consideration. However, rebates may be used to lower the negotiated purchase price, which would affect these taxes. For guidance on such strategies, buyers should consult with their designated cashback realtor.
 
Want to ask something else about cash back rebates? Text us a question at 416-825-8756, or contact one of our cashback agents directly.

Are Cash Back Rebates Legal? When do Buyers Receive Them? What's the Catch?

Cash back rebates are legal and its terms will be outlined in the schedule to the standard Buyer Designated Representation Agreement a buyer will sign with their Green Hedge Realty REALTOR® prior to any offer.
 
Payments are made from the co-operating commission Green Hedge Realty receives from the listing Brokerage after the completion of a transaction. This can take anywhere from a few days after closing to a few weeks or longer depending on the listing Brokerage. As cash back rebates gain popularity in real estate transactions, new financial services may allow buyers to access these funds before closing, subject to interest fees.
 
There is no catch! The price of housing has outpaced wages to such a degree, that it's now possible to offer very high cash back rebates while still earning a sufficiently high wage as a Real Estate Agent. In addition, technological advances such as the Internet and electronic signatures, have made the job easier and enabled REALTORS® to provide MLS® services to more clients at the same time.

Other Cash Back Real Estate Services

Still doing research on cash back real estate services? Let us help you. If you are a consumer with a bona fide interest in hiring a REALTOR® for the purpose of purchasing real estate, we will send you a curated list of all our cash back realtor competitors. We're so confident we've got the best deal that we don't mind doing it.
 
Enter your name and e-mail address below to receive 27 direct website links to cash back realtor services across southern Ontario, along with their small print summaries. Current as of January 1, 2025. You will not be added to any mailing lists, but we may check in with you later to see if you're interested in working with one of our cashback agents.

I am a consumer with a bona fide interest in hiring a REALTOR® for the purpose of purchasing real estate.