UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-QSB



|ý | Quarterly report pursuant section 13 or 15(d) of the Securities Exchange Act of 1934
For the quarterly period ended October 31, 2006                     
|- | ---------------------------------------------------------------------------------------------------------------------------------------------------------
|r | Transition report pursuant section 13 or 15(d) of the Securities Exchange Act of 1934
For the transition period from ________________ to ________________
|  | Commission file number 0-29067                                                                                                                           

Most Home Corp.



|Nevada 
(State of Incorporation) | 98-0173359
(I.R.S. Employer Identification No.)
|-------------------------------- | -----------------------------------------------



Unit 1, 11491 Kingston Street
			Maple Ridge, British Columbia, Canada V2X 0Y6
			Tel: (604) 460-7634(Address and telephone number of
			Registrant's principal
			executive offices and principal place of business)


Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý
      No r

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes q
   No ý

As of December 13, 2006 the Company had 31,036,947 outstanding shares of Common Stock. This amount excludes 1,700,000 shares of common stock issuable upon the conversion of 1,700,000 Series A Preferred shares.

Transitional Small Business Disclosure Format (Check one):  Yes q
   No ý





1

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Consolidated Financial Statements of

MOST HOME CORP.

(Expressed in U.S. dollars)

For the Three Month Period Ended October 31, 2006

























2

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MOST HOME CORP.Consolidated Balance Sheets
(Expressed in U.S. dollars except share information)

|                                                                                                            | October 31,
		2006
		$
		(unaudited) |  | July 31,
		2006
		$
|----------------------------------------------------------------------------------------------------------- | ------------------------------------ |  | -------------------
|Assets                                                                                                      |                                      |  |                    
|Current
		Assets                                                                                            |                                      |  |                    
|Cash                                                                                                        | -                                    |  | 48,310             
|Accounts receivable, net of allowance for doubtful accounts of $28,690
		and $52,409, respectively          | 166,715                              |  | 194,809            
|Prepaid expenses                                                                                            | 85,699                               |  | 86,698             
|Due from related party (Note 10(a))                                                                         | 28,515                               |  | 27,362             
|Total
		Current Assets                                                                                      | 280,929                              |  | 357,179            
|Property and equipment (Note 4)                                                                             | 116,596                              |  | 124,939            
|Intangible assets (Note 5)                                                                                  | 242,229                              |  | 275,930            
|Goodwill (Note 6)                                                                                           | 754,892                              |  | 754,892            
|Total
		Assets                                                                                              | 1,394,646                            |  | 1,512,940          
|                                                                                                            |                                      |  |                    
|Liabilities and Stockholders' Deficit                                                                       |                                      |  |                    
|Current
		Liabilities                                                                                       |                                      |  |                    
|Short-term
		borrowings (Note 7)                                                                            | 124,214                              |  | 47,750             
|Accounts payable                                                                                            | 620,520                              |  | 359,538            
|Accrued liabilities (Note 8)                                                                                | 453,880                              |  | 302,004            
|Loans payable (Note 9)                                                                                      | 31,027                               |  | 251,613            
|Due to related parties (Note 10(b))                                                                         | 17,972                               |  | 17,154             
|Deferred revenue                                                                                            | 233,723                              |  | 277,743            
|Total
		Current Liabilities                                                                                 | 1,481,336                            |  | 1,255,802          
|                                                                                                            |                                      |  |                    
|Going
		Concern (Note 1)                                                                                    |                                      |  |                    
|Commitments (Note 14)                                                                                       |                                      |  |                    
|Subsequent Events (Note 16)                                                                                 |                                      |  |                    
|                                                                                                            |                                      |  |                    
|Stockholders' Deficit                                                                                       |                                      |  |                    
|Series A preferred stock, $0.001 par value; Issued
		and outstanding: 1,700,000 and 1,871,559, respectively | 1,700                                |  | 1,700              
|Common stock, $0.001 par value; Issued and outstanding: 30,787,947 and
		29,867,947, respectively           | 30,788                               |  | 29,868             
|Additional paid-in
		capital                                                                                | 7,595,694                            |  | 7,135,179          
|Share
		subscriptions receivable (Note 10(a))                                                               | (43,469)                             |  | (43,469)           
|Accumulated
		deficit                                                                                       | (7,630,730)                          |  | (6,896,368)        
|Accumulated other comprehensive gain (loss)                                                                 | (40,673)                             |  | 30,228             
|Total
		Stockholders' Deficit                                                                               | (86,690)                             |  | 257,138            
|Total
		Liabilities and Stockholders' Deficit                                                               | 1,394,646                            |  | 1,512,940          
|                                                                                                            |                                      |  |                    

See accompanying notes to the consolidated financial
statements
F-2

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MOST
HOME CORP.Consolidated Statements of Operations
(Expressed in U.S. dollars except share information)
(unaudited)



|                                                | For the three months ended
		October 31,
|----------------------------------------------- | ----------------------------------------
|                                                | 2006
		$                                
|                                                |                                         
|Net
		Revenues                                  | 565,396                                 
|Cost of
		Revenues                              | 204,870                                 
|Gross
		Margin                                  | 360,526                                 
|Operating
		Expenses                            |                                         
|Amortization                                    | 46,891                                  
|Research and
		development                      | 206,936                                 
|Selling, general
		and administrative           | 841,061                                 
|Total
		Operating Expenses                      | 1,094,888                               
|Net
		Loss for the Period                       | (734,362)                               
|Other
		Comprehensive Loss                      |                                         
|Foreign
		currency translation adjustments      | (70,901)                                
|Comprehensive Loss                              | (805,263)                               
|Net
		Loss Per Common Share - Basic and Diluted | $(0.02)                                 
|Weighted Average Common Shares Outstanding      | 29,979,837                              
|                                                |                                         

















See accompanying notes to the consolidated financial
statements
F-3

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MOST
HOME CORP.Consolidated Statements of Stockholders' Equity
(Expressed in U.S. dollars except share information)
(unaudited)



|                                                                | Series A Preferred
			Stock | Common Stock | Additional  | Share
			Subscriptions | Accumulated          | Accumulated
			Other
			Comprehensive | Total
			Stockholders'
|--------------------------------------------------------------- | --------------------------- | ------------ | ----------- | ---------------------- | -------------------- | ------------------------------------- | ----------------------
|                                                                | Shares
			#                 | Amount
			$  | Shares
			# | Amount
			$            | Paid-in Capital
			$ | Receivable
			$                       | Deficit
			$          
|Balance, July 31, 2006                                          | 1,700,000                   | 1,700        | 29,867,947  | 29,868                 | 7,135,179            | (43,469)                              | (6,896,368)           
|Common stock issued pursuant to the
		exercise of stock options | -                           | -            | 250,000     | 250                    | 49,750               | -                                     | -                     
|Common stock issued for cash pursuant to
		private placements   | -                           | -            | 670,000     | 670                    | 334,330              | -                                     | -                     
|Stock issuance costs                                            | -                           | -            | -           | -                      | (12,500)             | -                                     | -                     
|Fair value of stock options vested                              | -                           | -            | -           | -                      | 88,935               | -                                     | -                     
|Foreign currency translation adjustment                         | -                           | -            | -           | -                      | -                    | -                                     | -                     
|Net loss for the period                                         | -                           | -            | -           | -                      | -                    | -                                     | (734,362)             
|Balance, October 31, 2006                                       | 1,700,000                   | 1,700        | 30,787,947  | 30,788                 | 7,595,694            | (43,469)                              | (7,630,730)           
|                                                                |                             |              |             |                        |                      |                                       |                       















See accompanying notes to the consolidated financial
statements
F-4



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MOST HOME CORP.Consolidated Statements of Cash Flows
(Expressed in U.S. dollars)
(unaudited)



|                                                                              | For the three months ended
		October 31,
|----------------------------------------------------------------------------- | ----------------------------------------
|                                                                              | 2006
		$                                
|Operating Activities                                                          |                                         
|Net loss for
		the period                                                     | (734,362)                               
|Adjustments to reconcile net loss to net cash used in
		operating activities: |                                         
|Amortization                                                                  | 46,891                                  
|Stock-based compensation                                                      | 110,740                                 
|Changes in operating asset and liabilities:                                   |                                         
|Accounts receivable                                                           | 29,263                                  
|Prepaid expenses                                                              | (20,733)                                
|Due from related party                                                        | (1,153)                                 
|Accounts payable                                                              | 259,744                                 
|Accrued liabilities                                                           | 137,607                                 
|Unearned revenue                                                              | (45,949)                                
|Other                                                                         | -                                       
|Net
		Cash Used In Operating Activities                                       | (217,952)                               
|Investing Activities                                                          |                                         
|Purchases of property and equipment                                           | (420)                                   
|Acquisition of Executive Wireless, Inc., net of cash acquired                 | -                                       
|Software development costs                                                    | -                                       
|Website development costs                                                     | -                                       
|Net
		Cash Used In Investing Activities                                       | (420)                                   
|Financing Activities                                                          |                                         
|Increase (decrease) in short-term borrowings                                  | 76,464                                  
|Proceeds from loan payable                                                    | 29,414                                  
|Proceeds from issuances of common stock                                       | 147,500                                 
|Stock issuance costs                                                          | (12,500)                                
|Increase in due to related party                                              | 410                                     
|Net
		Cash Provided By Financing Activities                                   | 241,288                                 
|Effect
		of Exchange Rate Changes on Cash                                     | (71,226)                                
|Increase (Decrease) in Cash                                                   | (48,310)                                
|Cash,
		Beginning of Period                                                   | 48,310                                  
|Cash,
		End of Period                                                         | -                                       
|Non-cash Investing and Financing Activities                                   |                                         
|Warrants issued
		pursuant to license agreement                               | -                                       
|Supplemental Disclosures:                                                     |                                         
|Interest paid                                                                 | -                                       
|Income taxes paid                                                             | -                                       

See accompanying notes to the consolidated financial
statements
F-5

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MOST HOME CORP.Notes to the Consolidated Financial Statements
(Expressed in U.S. dollars)
(unaudited)

1.   Nature of Operations and
Continuance of Business

Most Home Corp. (the "Company") was incorporated under the laws of the State of
Nevada on June 4, 1997. On April 28, 2000, the Company acquired two Canadian
corporations in a series of transactions that were accounted for using the
purchase method. Prior to the purchase, the Company was in the development stage
as it was devoting substantially all of its efforts to the identification and
development of new business opportunities.

On June 13, 2005, the Company acquired Executive Wireless, Inc. under a Share
Exchange Agreement (See Note 3).

Following the purchase transactions described above, the Company's primary
business activity is providing lead acquisition, response and management
services to real estate brokers and agents across North America, along with
website and wireless realty products.

These consolidated financial statements are prepared in conformity with
accounting principles generally accepted in the United States applicable to a
going concern, which contemplates the realization of assets and discharge of
liabilities in the normal course of business. The Company has incurred recurring
losses and negative cash flows from operations and as at October 31, 2006 has an
accumulated deficit of $7,630,730. The Company also had a working capital
deficit of $1,200,407 as at October 31, 2006. Additional debt or equity
financing of approximately $1,600,000 will be required for the next twelve
months and may not be available on reasonable terms. Operations to date have
primarily been financed through the issuance of common stock. These factors
raise substantial doubt regarding the Company's ability to continue as a going
concern. These financial statements do not include any adjustments that might
result from the outcome of this uncertainty.

Management's intention is to generate sufficient financing through the sale of
common stock, the exercise of outstanding stock options and warrants, and also
by an increased level of revenues generated. There can be no certainty
whatsoever that these sources will provide the additional funds required for the
twelve months. See Note 17 for funds raised subsequent to October 31, 2006.

2.   Significant Accounting Policies

(a)   Consolidation

The consolidated financial statements include the accounts of the Company and
its wholly-owned subsidiaries. All significant inter-company balances and
transactions have been eliminated in the consolidated financial statements.

(b)  Interim Financial Statements

These interim unaudited financial statements have been prepared on the same
basis as the annual financial statements and in the opinion of management,
reflect all adjustments, which include only normal recurring adjustments,
necessary to present fairly the Company's financial position, results of
operations and cash flows for the periods shown. The results of operations for
such periods are not necessarily indicative of the results expected for a full
year or for any future period. The financial statements and related notes should
be read in conjunction with the audited financial statements and notes thereto
included in Form 10-KSB for the year ended July 31, 2006.



F-6

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MOST HOME CORP.Notes to the Consolidated Financial Statements
(Expressed in U.S. dollars)
(unaudited)

2.    Significant Accounting
Policies (continued)

(c)  Use of Estimates

The preparation of consolidated financial statements in accordance with
generally accepted accounting principles in the United States requires
management to make estimates and assumptions that affect the recorded amounts of
assets and liabilities and the disclosure of contingent assets and liabilities
at the dates of the consolidated financial statements and reported revenues and
expenses for the reporting period. Actual results may significantly differ from
those estimates.

(d)  Cash and Cash Equivalents

The Company considers all highly liquid instruments with a maturity of three
months or less at the time of issuance to be cash equivalents.

(e)  Accounts Receivable

The Company recognizes allowances for doubtful accounts to ensure accounts
receivable are not overstated due to the inability or unwillingness of its
customers to make required payments. The allowance is based on the age of
receivable and the specific identification of receivables the Company considers
at risk. The Company classifies allowances for doubtful accounts expenses as
general and administrative expenses.

(f)   Property and Equipment

Property and equipment
are recorded at cost. Amortization has been provided using the following rates
and methods:

|Computer
		hardware      | 30%
		declining balance      
|------------------------ | -----------------------------
|Computer
		software      | 100%
		declining balance     
|Leasehold
		improvements | Straight-line over lease term
|Office
		equipment       | 20%
		declining balance      

(g)  Intangible Assets

Intangible assets are
recorded at cost and are amortized over their estimated useful lives as follows:

|Customer
		list              | Straight-line over 3 years
|---------------------------- | --------------------------
|Software
		development costs | Straight-line over 2 years
|Technology                   | Straight-line over 4 years
|Trademarks                   | Straight-line over 5 years
|Website
		development costs  | Straight-line over 2 years

(h)  Software Development Costs

The Company accounts for
software development costs in accordance with Statement of Financial Accounting
Standard ("SFAS") No. 86, "Accounting for Costs of Computer Software to be Sold,
Leased, or otherwise Marketed", which requires companies to expense software
development costs as they incur them until technological feasibility has been
established, at which time those costs are capitalized until the product is
available for release to the customer. Software development costs are included
in research and development costs on the statements of operations.

F-7

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MOST HOME CORP.Notes to the Consolidated Financial Statements
(Expressed in U.S. dollars)
(unaudited)

2.   Significant Accounting
Policies (continued)

(i)   Website Development Costs

The Company accounts for website development costs in accordance with Emerging
Issues Task Force 00-02. Under this standard, web site development, including
customizing database software, development of HTML web page templates and
installation of servers as well as significant upgrades and enhancements, are
capitalized. Routine website maintenance costs, operating costs and costs
associated with modifications that do not increase functionality are expensed as
incurred.

(j)   Impairment of Long-lived Assets

In
accordance with SFAS No. 144, "Accounting for the Impairment or Disposal of
Long-Lived Assets", the carrying value of intangible assets and other long-lived
assets is reviewed on a regular basis for the existence of facts or
circumstances that may suggest impairment. The Company recognizes impairment
when the sum of the expected undiscounted future cash flows is less than the
carrying amount of the asset. Impairment losses, if any, are measured as the
excess of the carrying amount of the asset over its estimated fair value.

(k)  Goodwill

Goodwill is recorded as the difference, if any, between the aggregate
consideration paid for an acquisition and the fair value of the net tangible and
intangible assets acquire. In accordance with SFAS No. 142, "Goodwill and Other
Intangible Assets", the Company tests goodwill for impairment at the reporting
unit level on an annual basis in the fourth quarter or more frequently if the
Company believes indicators of impairment exist. The performance of the test
involves a two-step process. The first step of the impairment test involves
comparing the fair values of the applicable reporting units with their aggregate
carrying values, including goodwill. The Company generally determines the fair
value of its reporting units using the income approach methodology of valuation
that includes the discounted cash flow method as well as other generally
accepted valuation methodologies. If the carrying amount of a reporting unit
exceeds the reporting unit's fair value, the Company performs the second step of
the goodwill impairment test to determine the amount of impairment loss. The
second step of the goodwill impairment test involves comparing the implied fair
value of the affected reporting unit's goodwill with the carrying value of that
goodwill.

(l)   Financial Instruments and Concentrations

Fair values:

The fair values of cash, accounts receivable, short-term borrowings, accounts
payable, accrued liabilities, due to/from related parties and loans payable,
approximate carrying values due to the immediate or short-term maturity of these
financial instruments.

Credit risk:

Financial instruments that potentially subject the Company to a concentration of
credit risk consist primarily of cash and accounts receivable. The Company
limits its exposure to credit loss by placing its cash with high credit quality
financial institutions. The Company's customers are located in Canada and the
United States. The Company performs ongoing credit evaluations, does not require
collateral and establishes an allowance for doubtful accounts based on the age
of the receivable and the specific identification of receivables the Company
consider at risk.

F-8

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MOST
HOME CORP.Notes to the Consolidated Financial Statements
(Expressed in U.S. dollars)
(unaudited)

2.   Significant Accounting
Policies (continued)

(m) Foreign Currency Translation

The Company's reporting and functional currency is the U.S. dollar. The
operations of the Company's subsidiaries are located in Canada and their
functional currency is the Canadian dollar. The financial position and resulting
operations of these operations have been translated into U.S. dollars using the
current rate method whereby the assets and liabilities are translated at the
rates of exchange in effect at the balance sheet date and revenue and expenses
are translated at the average rates of exchange during the year. The effect of
this translation is recorded in a separate component of stockholders' equity.

Cumulative translation adjustments of $(40,673) as at October 31, 2006 has been
included in accumulated other comprehensive gain (loss) in the accompanying
consolidated balance sheets. The Company has not, to the date of these
consolidated financial statements, entered into derivative instruments to offset
the impact of foreign currency fluctuations.

(n)  Income Taxes

The Company follows the asset and liability method of accounting for income
taxes. Under this method, current taxes are recognized for the estimated income
taxes payable for the current period. Deferred income taxes are provided based
on the estimated future tax effects of temporary differences between financial
statement carrying amounts of assets and liabilities and their respective tax
basis as well as the benefit of losses available to be carried forward to future
years for tax purposes. Deferred tax assets and liabilities are measured using
enacted tax rates that are expected to apply to taxable income in the years in
which those temporary differences are expected to be recovered or settled. The
effect on deferred tax assets and liabilities of a change in tax rates is
recognized in operations in the period that includes the enactment date. A
valuation allowance is recorded for deferred tax assets when it is not more
likely than not that the future tax assets will be realized.

(o)  Revenue Recognition

The Company recognizes revenue in accordance with U.S. Securities and Exchange
Commission ("SEC") Staff Accounting Bulletin No. ("SAB") 104, "Revenue
Recognition in Financial Statements". Revenue is recognized only when the price
is fixed or determinable, persuasive evidence of an arrangement exists, the
service is performed, and collectibility is reasonably assured. The Company
earns revenues from the sale of annual and monthly non-refundable REALTOR(R)
memberships, the sale of annual and monthly non-refundable licenses for
ClientBuilder for Brokers ("CBB") and ClientBuilder for Agents ("CBA") products,
the sale of annual and monthly licenses for Wireless Realty ("WR") and through
referral fees resulting when a person buys or sells a house through a member
REALTOR(R) referred by the Company. Membership fees and license fees
are recognized over the membership or license period from the commencement of
the membership or license term.

(p)  Research and Development Costs

Research and
development costs are expensed as incurred.



F-9

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MOST
HOME CORP.Notes to the Consolidated Financial Statements
(Expressed in U.S. dollars)
(unaudited)

2.    Significant Accounting
Policies (continued)

(q)  Basic and Diluted Net Income (Loss) per Share

The Company computes net income (loss) per share in accordance with SFAS No.
128, "Earnings per Share". SFAS No. 128 requires presentation of both basic and
diluted earnings per share (EPS) on the face of the income statement. Basic EPS
is computed by dividing net income (loss) available to common shareholders
(numerator) by the weighted average number of common shares outstanding
(denominator) during the period. Diluted EPS gives effect to all dilutive
potential common shares outstanding during the period including stock options,
using the treasury stock method, and convertible preferred stock, using the
if-converted method. In computing diluted EPS, the average stock price for the
period is used in determining the number of shares assumed to be purchased from
the exercise of stock options or warrants. Diluted EPS excludes all dilutive
potential common shares if their effect is anti-dilutive. Outstanding stock
options as of October 31, 2006; 4,278,720, outstanding share purchase warrants
as of October 31, 2006; 5,902,988 and preferred stock exchangeable for common
stock as of October 31, 2006; 1,700,000 have been excluded from the above
calculations as they would be anti-dilutive.

(r)   Comprehensive Income

SFAS No. 130, "Reporting Comprehensive Income", establishes standards for the
reporting and display of comprehensive income and its components in the
financial statements. The Company's accumulated other comprehensive income
consists of the accumulated foreign currency translation adjustments.

(s)  Recent Accounting Pronouncements

In
September 2006, the SEC staff issued SAB 108 "Considering the Effects of
Prior Year Misstatements when Quantifying Misstatements in Current Year
Financial Statements". SAB 108 requires that public companies utilize a
"dual-approach" to assessing the quantitative effects of financial
misstatements. This dual approach includes both an income statement focused
assessment and a balance sheet focused assessment. The guidance in SAB 108 must
be applied to annual financial statements for fiscal years ending after
November 15, 2006. The Company is currently assessing the impact of adopting SAB
108 but does not expect that it will have a material effect on its future
reported financial position or results of operations.

In September 2006, the Financial Accounting Standards Board ("FASB") issued SFAS
No. 158, "Employers' Accounting for Defined Benefit Pension and Other
Postretirement Plans - an amendment of FASB Statements No. 87, 88, 106, and
132(R)". This statement requires employers to recognize the overfunded or
underfunded status of a defined benefit postretirement plan (other than a
multiemployer plan) as an asset or liability in its statement of financial
position and to recognize changes in that funded status in the year in which the
changes occur through comprehensive income of a business entity or changes in
unrestricted net assets of a not-for-profit organization. This statement also
requires an employer to measure the funded status of a plan as of the date of
its year-end statement of financial position, with limited exceptions. The
provisions of SFAS No. 158 are effective for employers with publicly traded
equity securities as of the end of the fiscal year ending after December 15,
2006. The adoption of this statement is not expected to have a material effect
on the Company's future reported financial position or results of operations.



F-10

---



MOST HOME CORP.Notes to the Consolidated Financial Statements
(Expressed in U.S. dollars)
(unaudited)

2.   Significant Accounting
Policies (continued)

(s)  Recent Accounting Pronouncements (continued)

In September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements". The
objective of SFAS No. 157 is to increase consistency and comparability in fair
value measurements and to expand disclosures about fair value measurements. SFAS
No. 157 defines fair value, establishes a framework for measuring fair value in
generally accepted accounting principles, and expands disclosures about fair
value measurements. SFAS No. 157 applies under other accounting pronouncements
that require or permit fair value measurements and does not require any new fair
value measurements. The provisions of SFAS No. 157 are effective for fair value
measurements made in fiscal years beginning after November 15, 2007. The
adoption of this statement is not expected to have a material effect on the
Company's future reported financial position or results of operations.

In
June 2006, the FASB issued FASB Interpretation No. 48, "Accounting for
Uncertainty in Income Taxes, an interpretation of FASB Statements No. 109" ("FIN
48"). FIN 48 clarifies the accounting for uncertainty in income taxes by
prescribing a two-step method of first evaluating whether a tax position has met
a more likely than not recognition threshold and second, measuring that tax
position to determine the amount of benefit to be recognized in the financial
statements. FIN 48 provides guidance on the presentation of such positions
within a classified statement of financial position as well as on derecognition,
interest and penalties, accounting in interim periods, disclosure, and
transition. FIN 48 is effective for fiscal years beginning after December 15,
2006. The adoption of this statement is not expected to have a material effect
on the Company's future reported financial position or results of operations.

In
March 2006, the FASB issued SFAS No. 156, "Accounting for Servicing of Financial
Assets, an amendment of FASB Statement No. 140, Accounting for Transfers and
Servicing of Financial Assets and Extinguishments of Liabilities". This
statement requires all separately recognized servicing assets and servicing
liabilities be initially measured at fair value, if practicable, and permits for
subsequent measurement using either fair value measurement with changes in fair
value reflected in earnings or the amortization and impairment requirements of
Statement No. 140. The subsequent measurement of separately recognized servicing
assets and servicing liabilities at fair value eliminates the necessity for
entities that manage the risks inherent in servicing assets and servicing
liabilities with derivatives to qualify for hedge accounting treatment and
eliminates the characterization of declines in fair value as impairments or
direct write-downs. SFAS No. 156 is effective for an entity's first fiscal year
beginning after September 15, 2006. The adoption of this statement is not
expected to have a material effect on the Company's future reported financial
position or results of operations.

In
February 2006, the FASB issued SFAS No. 155, "Accounting for Certain Hybrid
Financial Instruments-an amendment of FASB Statements No. 133 and 140", to
simplify and make more consistent the accounting for certain financial
instruments. SFAS No. 155 amends SFAS No. 133, "Accounting for Derivative
Instruments and Hedging Activities", to permit fair value re-measurement for any
hybrid financial instrument with an embedded derivative that otherwise would
require bifurcation, provided that the whole instrument is accounted for on a
fair value basis. SFAS No. 155 amends SFAS No. 140, "Accounting for the
Impairment or Disposal of Long-Lived Assets", to allow a qualifying
special-purpose entity to hold a derivative financial instrument that pertains
to a beneficial interest other than another derivative financial instrument.
SFAS No. 155 applies to all financial instruments acquired or issued after the
beginning of an entity's first fiscal year that begins after September 15, 2006,
with earlier application allowed. The adoption of this statement is not expected
to have a material effect on the Company's future reported financial position or
results of operations.



F-11

---



MOST HOME CORP.Notes to the Consolidated Financial Statements
(Expressed in U.S. dollars)
(unaudited)

2.   Significant Accounting
Policies (continued)

(t)   Reclassifications

Certain reclassifications have been made to the prior year's financial
statements to conform to the current period's presentation.

3.   Acquisition

On June 13, 2005, the Company acquired 100% of the
outstanding common shares of Executive Wireless, Inc. ("EWI"). The results of
EWI's operations have been included in the consolidated financial statements of
the Company since that date. EWI is a provider of wireless and mobility products
for real estate agents in the U.S. and Canada.

The aggregate purchase price was $142,962, including 300,000
shares of common stock valued at $112,800, or $0.367 per share. The value of the
300,000 common shares issued was determined based on the market price of the
Company's common shares over the 2-day period before and after the terms of the
acquisition were agreed to and announced.

The following table summarizes the allocation of the purchase
price to the net assets acquired:

As at June 13, 2005
			$Current assets
			190,000Property, plant, and equipment
			13,000Intangible assets
			393,000Goodwill
			174,000Total assets acquired
			770,000Total liabilities assumed
			(591,000)Net assets acquired
			179,000


Of the $393,000 in acquired intangible assets, $189,000 was
assigned to customers that have a weighted-average useful life of approximately
three years and $204,000 was assigned to technology that has a weighted-average
useful life of approximately four years.

4.   Property and Equipment

|                         | Cost
		$ |  | Accumulated
		Amortization
		$ |  | October 31,
		2006
		Net Carrying
		Value
		$ |  | July 31,
		2006
		Net Carrying
		Value
		$
|------------------------ | -------- |  | ------------------------------ |  | --------------------------------------------- |  | ------------------------------------------
|Computer hardware        | 291,923  |  | 216,909                        |  | 75,014                                        |  | 79,895                                    
|Computer
		software      | 51,260   |  | 49,124                         |  | 2,136                                         |  | 2,829                                     
|Leasehold
		improvements | 64,001   |  | 58,469                         |  | 5,532                                         |  | 6,762                                     
|Office
		equipment       | 99,858   |  | 65,944                         |  | 33,914                                        |  | 35,453                                    
|                         | 507,042  |  | 390,446                        |  | 116,596                                       |  | 124,939                                   
|                         |          |  |                                |  |                                               |  |                                           

Amortization expense totalled $9,826 and $14,943 for the
three months ended October 31, 2006 and 2005, respectively.

F-12

---



MOST
HOME CORP.Notes to the Consolidated Financial Statements
(Expressed in U.S. dollars)
(unaudited)

5.   Intangible Assets

|                            | Cost
		$ |  | Accumulated
		Amortization
		$ |  | October 31,
		2006
		Net Carrying
		Value
		$ |  | July 31,
		2006
		Net Carrying
		Value
		$
|--------------------------- | -------- |  | ------------------------------ |  | --------------------------------------------- |  | ------------------------------------------
|Customers                   | 189,000  |  | 84,000                         |  | 105,000                                       |  | 120,750                                   
|Technology                  | 204,000  |  | 68,000                         |  | 136,000                                       |  | 148,750                                   
|Website
		development costs | 446,596  |  | 445,367                        |  | 1,229                                         |  | 6,430                                     
|                            | 839,596  |  | 597,367                        |  | 242,229                                       |  | 275,930                                   
|                            |          |  |                                |  |                                               |  |                                           

Amortization expense totalled $37,065 and $30,391 for the
three months ended October 31, 2006 and 2005, respectively.

6.   Goodwill

|                     | Cost
		$  | Accumulated Amortization
		$ | October 31,
		2006
		Net Carrying
		Value
		$ | July 31,
		2006
		Net Carrying
		Value
		$
|-------------------- | --------- | ---------------------------- | --------------------------------------------- | ------------------------------------------
|Most
		Referred(R)   | 996,082   | 415,032                      | 581,050                                       | 581,050                                   
|Executive
		Wireless | 173,842   | -                            | 173,842                                       | 173,842                                   
|                     | 1,169,924 | 415,032                      | 754,892                                       | 754,892                                   

Goodwill for Most Referred(R) originated from the acquisition on
April 28, 2000, which was amortized to July 31, 2001. Goodwill for Executive
Wireless originated from the acquisition of Executive Wireless, Inc. on June 13,
2005.

Additional goodwill of $35,920 was recognized in the prior year for additional
costs incurred relating to the acquisition of Executive Wireless, Inc.

7.   Short-term Borrowings

|                                                                                                                                            | October 31,
		2006 
		$ |  | July 31,
		2006 
		$
|------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------- |  | --------------------
|Bank
		Canadian dollar line of credit bears interest at lender prime plus 1.25%
		per annum and is secured by a general security agreement. | 89,039                  |  | 47,750              
|Bank
		overdraft                                                                                                                            | 35,185                  |  | -                   
|                                                                                                                                            | 124,224                 |  | 47,750              

F-13

---



MOST HOME CORP.Notes to the Consolidated Financial Statements
(Expressed in U.S. dollars)
(unaudited)

8.   Accrued Liabilities

|                                  | October 31,
		2006 
		$ |  | July 31,
		2006 
		$
|--------------------------------- | ----------------------- |  | --------------------
|Payroll
		deductions and benefits | 352,379                 |  | 188,642             
|Professional fees                 | 14,851                  |  | 34,139              
|Research
		and development costs  | -                       |  | 30,733              
|Sales tax
		and other             | 86,650                  |  | 48,490              
|                                  | 453,880                 |  | 302,004             

9.   Loan Payable

The total balance of $31,027 (July 31, 2006 - $251,613) due
to two non-related third parties is unsecured, bears interest at 10% per annum
and is due on demand. As at October 31, 2006, the balance due includes $6,027
(July 31, 2006 - $1,613) in accrued interest on the $250,000 previously advanced
to the Company, which was converted to stock on October 3, 2006.

10.  Related Party
Transactions

(a)  A total balance of $71,894 (July 31, 2006 - $70,831) is
due from a company with common officers and directors. This balance includes
$4,405 (July 31, 2006 - $4,405) in principal loan balance receivable, share
subscriptions receivable of $43,469 (July 31, 2006 - $43,469) and accrued
interest on the loan receivable and share subscriptions receivable totaling
$28,515 (July 31, 2006 - $22,956). The principal amounts due bear interest at
10% (July 31, 2006 - 7.5%) per annum and the entire balance is due on demand.
The share subscriptions receivable is secured by the related common shares
issued, while the remainder of the balance receivable is unsecured.

(b)  Related party loans totalling $17,972 (July 31, 2006 -
$17,154) which are comprised of $17,445 (July 31, 2006 - $17,154) due to a
director and $527 (July 31, 2006 - nil) due to an officer of the Company,
respectively, bear interest at 10% per annum and are secured by promissory
notes.

11. Capital Stock

(a)  Authorized:

250,000,000
			
			Common stock, par value of $0.001 per share100,000,000
			
			Preferred stock, par value $0.001 per share, designated as follows:4,500,000
			
			Series A preferred
			stock3,500,000
			
			Series B preferred
			stock1,750,000
			
			Series C preferred
			stock90,250,000
			
			Unissued and
			undesignated


Each share of the Company's Series A preferred stock is entitled to one vote on
all matters submitted to a vote of the Company's stockholders. The Series A
preferred shares are not entitled to any dividends or any distributions upon the
liquidation of the Company.

One Series A preferred share of the Company together with one preferred share of
Most Home Management Ltd. may be exchanged for one share of the Company's common
stock at the holder's option.

F-14

---



MOST
HOME CORP.Notes to the Consolidated Financial Statements
(Expressed in U.S. dollars)
(unaudited)

11.  Capital Stock
(continued)

(a)  Authorized: (continued)

Each Series B preferred shares may be convertible at any time, without payment
of additional consideration, into one common share of the Company. Any Series B
preferred shares that remain unexercised on the date which is one year from the
date of issuance will be deemed converted.

In
the event of liquidation, dissolution or winding up of the Company or other
distribution of assets of the Company among its shareholders for the purpose of
winding up its affairs or upon a reduction of capital, the holders of the Series
B preferred shares will be entitled to receive an amount equal to the paid-up
capital of each such share, before any amount is paid or the assets of the
Company will be distributed to the holders of common shares and Series A
preferred shares. After payment of the aforesaid amounts to a holder of the
Series B preferred shares, they will not, as such, be entitled to share any
further in the distribution of the assets of the Company.

Each Series C preferred shares will be convertible at any time, without payment
of additional consideration, into two common shares of the Company. Any Series C
preferred shares that remain unexercised on the date which is one year from the
date of issuance will be deemed converted.

In
the event of liquidation, dissolution of winding up of the Company or other
distribution of assets of the Company among its shareholders for the purpose of
winding up its affairs or upon a reduction of capital, no distribution will be
made to the holders of shares of stock ranking junior (either as to dividends or
upon liquidation, dissolution or winding up) to the Series C preferred shares
unless, prior thereto, the holders of the Series C preferred shares will have
received $0.875 per share. After payment of the aforesaid amounts to the holders
of the Series C preferred shares they will not, as such, be entitled to share
any further in the distribution of the assets of the Company.

The rights and preferences of the unissued and undesignated preferred shares
have not been determined.

(b)  The capital stock transactions for the three month period ended October 31,
2006 are as follows:

(i)   On August 1, 2006, the Company issued 250,000 common
shares for proceeds of $50,000, pursuant to the exercise of stock options.

(ii)   On October 3, 2006, the Company issued 670,000 units
at a price of $0.50 per unit for proceeds of $335,000. Each unit consists of one
share of common stock and one-half share purchase warrant. Each whole warrant
entitles the holder to purchase one additional common share at an exercise price
of $0.75 per share for a period of three years. The Company is to pay a finder's
fee of $12,500 in connection with the private placement.





F-15

---



MOST HOME CORP.Notes to the Consolidated Financial Statements
(Expressed in U.S. dollars)
(unaudited)

12.  Stock-based Compensation

Prior to February 1, 2006, the Company accounted for stock-based awards under
the recognition and measurement provisions of Accounting Principles Board
Opinion No. 25, "Accounting for Stock Issued to Employees" using the intrinsic
value method of accounting, under which compensation expense was only recognized
if the exercise price of the Company's employee stock options was less than the
market price of the underlying common stock on the date of grant. The Company
also had adopted the disclosure-only alternative of SFAS No. 123, "Accounting
for Stock-Based Compensation" and SFAS No. 148, "Accounting for Stock-Based
Compensation - Transition and Disclosure". In March 2005, the SEC issued SAB No.
107, "Share-Based Payment" ("SAB 107") which provides guidance regarding the
interaction of SFAS No. 123R and certain SEC rules and regulations. The Company
has applied the provisions of SAB 107 in its adoption of SFAS No. 123R.

Effective February 1, 2006, the Company adopted the fair value recognition
provisions of SFAS No. 123R "Share Based Payments" using the modified
retrospective transition method. SFAS 123R requires companies to estimate the
fair value of share-based payment awards on the date of grant using an
option-pricing model. The value of the portion of the award that is ultimately
expected to vest is recognized as expense ratably over the requisite service
periods. The Company has estimated the fair value of each award as of the date
of grant or assumption using the Black-Scholes option pricing model, which was
developed for use in estimating the value of traded options that have no vesting
restrictions and that are freely transferable. The Black-Scholes model
considers, among other factors, the expected life of the award and the expected
volatility of the Company's stock price. Although the Black-Scholes model meets
the requirements of SFAS 123R and SAB 107, the fair values generated by the
model may not be indicative of the actual fair values of the Company's awards,
as it does not consider other factors important to those share-based payment
awards, such as continued employment, periodic vesting requirements, and limited
transferability.

As a result of adopting SFAS No. 123R on February 1, 2006, the Company's loss
for the three month period ended October 31, 2006 is $88,935 higher than if it
had continued to account for stock-based compensation under APB Opinion No. 25.
Basic and diluted loss per share for the period ended October 31, 2006 would
have been $(0.02) per share.

The following table illustrates the effect on net loss and loss per share if the
Company had applied the fair value recognition provisions of SFAS No. 123 to
options granted for all periods prior to the adoption of SFAS No. 123R. For the
purposes of this pro form disclosure, the fair value of options is estimated
using the Black-Scholes option pricing model and amortized to expense over the
vesting period of the options:

|                                                                                               | Three Month Period Ended
		October 31,
|---------------------------------------------------------------------------------------------- | --------------------------------------
|                                                                                               | 2006
		$                              
|Net
		loss, as reported                                                                        | (734,362)                             
|Add:
		Total stock-based employee compensation expense included in reported net
		loss         | 88,935                                
|Deduct:
		Total stock-based employee compensation expense determined under fair
		value method | (88,935)                              
|Pro
		forma net loss                                                                           | (734,362)                             
|Reported net loss per share, basic and diluted                                                 | $(0.02)                               
|Pro forma net loss per share, basic
		and diluted                                              | $(0.02)                               
|                                                                                               |                                       

F-16

---



MOST
HOME CORP.Notes to the Consolidated Financial Statements
(Expressed in U.S. dollars)
(unaudited)

12.  Stock-based Compensation
(continued)

Stock Compensation Plans

The Company's 2000 Stock Bonus Plan authorizes the issuance of 500,000 shares of
common stock to the Company's employees, directors, officers, consultants and
advisors provided however, that bona fide services must be rendered by
consultants or advisors and such services must not be in connection with the
offer or sale of securities in a capital-raising transaction. A total of 1,944
common shares under this plan remain available for issuance.

The Company's 2004 Stock Bonus Plan authorizes the issuance of 500,000 shares of
common stock to the Company's employees, directors, officers, consultants and
advisors provided however, that bona fide services must be rendered by
consultants or advisors and such services must not be in connection with the
offer or sale of securities in a capital-raising transaction. In fiscal 2005,
the total number of shares authorized to be issued under this plan was increased
to 2,000,000 common shares. A total of 1,440,000 common shares under this plan
remain available for issuance.

The Company has an incentive stock option plan that authorizes the issuance of
3,500,000 options to purchase shares of the Company's common stock. Only
officers, directors, and employees of the Company may be granted options
pursuant to the Incentive Stock Option Plan.

The total fair market value of the shares of common stock (determined at the
time of the grant of the option) for which any employee may be granted options
which are first exercisable in any calendar year may not exceed $100,000.

Options may not be exercised until one year following the date of grant. Options
granted to an employee then owning more than 10% of the common stock of the
Company may not be exercisable after five years from the date of grant.

The purchase price per share of common stock, purchasable under an option, is
determined by the Company's Board of Directors but cannot be less than the fair
market value of the common stock on the date of the grant of the option.

A
total of 255,000 stock options under this plan remain available for issuance.

The Company has a non-qualified stock option plan which authorizes the granting
of 4,500,000 stock options to purchase shares of the Company's common stock to
the Company's employees, directors, officers, consultants or advisors and such
services. The stock option exercise price and expiration date are determined by
the Company's Board of Directors. During fiscal 2006, the total number of stock
options authorized to be granted under this plan was increased by 1,000,000. A
total of 890,280 stock options under this plan remain available for issuance.

Stock Option Activity

A summary of the Company's stock option activity is as
follows:

|                          | Number of
		Options |  | Weighted Average
		Exercise Price
		$
|------------------------- | ------------------- |  | -------------------------------------
|Balance, July 31, 2006    | 5,493,720           |  | 0.44                                 
|Exercised                 | (250,000)           |  | 0.20                                 
|Forfeited                 | (525,000)           |  | 0.20                                 
|Balance, October 31, 2006 | 4,718,720           |  | 0.48                                 

F-17

---



MOST HOME CORP.Notes to the Consolidated Financial Statements
(Expressed in U.S. dollars)
(unaudited)

12.  Stock-based Compensation
(continued)

A summary of the status of the Company's non-vested shares as
of October 31, 2006 and the changes during the period are presented below:

|                            | Number of
		Shares |  | Weighted Average
		Grant Date
		Fair Value
		$
|--------------------------- | ------------------ |  | ----------------------------------------------
|Nonvested, July 31, 2006    | 1,030,000          |  | 0.56                                          
|Granted                     | -                  |  | -                                             
|Vested                      | -                  |  | -                                             
|Forfeited                   | -                  |  | -                                             
|Nonvested, October 31, 2006 | 1,030,000          |  | 0.56                                          

As of October 31, 2006, $203,900 of stock-based compensation
related to stock options remain to be amortized over an estimated period of one
year.

Additional information regarding stock options outstanding as
at October 31, 2006 is as follows:

|                    | Outstanding       |                                                     | Exercisable                        
|------------------- | ----------------- | --------------------------------------------------- | -----------------------------------
|Exercise Prices
		$ | Number of Options | Weighted average remaining contractual life (years) | Weighted average exercise price
		$
|0.30                | 1,263,000         | 0.01                                                | 0.30                               
|0.35                | 499,000           | 2.79                                                | 0.35                               
|0.56                | 1,156,720         | 2.83                                                | 0.56                               
|0.60                | 1,800,000         | 1.04                                                | 0.60                               
|                    | 4,718,720         | 1.39                                                | 0.48                               

There were no stock
options granted for the period ended October 31, 2006.

|                          | Three Months Ended
			October 31,
			2006 |  | Three Months Ended
			October 31,
			2005
|------------------------- | ----------------------------------------- |  | -----------------------------------------
|Expected life             | -                                         |  | 2 years                                  
|Expected
		volatility     | -                                         |  | 196%                                     
|Expected
		dividend yield | -                                         |  | 0%                                       
|Risk free
		interest rate | -                                         |  | 3.12%                                    

SFAS No. 123R requires
the estimation of forfeitures when recognizing compensation expense and that
this estimate of forfeitures be adjusted over the requisite service period
should actual forfeitures differ from such estimates. Changes in estimated
forfeitures are recognized through a cumulative adjustment, which is recognized
in the period of change and which impacts the amount of unamortized compensation
expense to be recognized in future periods.

F-18

---



MOST
HOME CORP.Notes to the Consolidated Financial Statements
(Expressed in U.S. dollars)
(unaudited)

13.  Share Purchase Warrants

The following table
summarizes the continuity of the Company's share purchase warrants:

|                          | Number of
		Warrants |  | Weighted
		Average
		Exercise
		Price
		$
|------------------------- | -------------------- |  | -----------------------------------------
|Balance, July 31, 2006    | 5,567,988            |  | 0.42                                     
|Issued                    | 335,000              |  | 0.75                                     
|Balance, October 31, 2006 | 5,902,988            |  | 0.44                                     

As at October
31, 2006, the following share purchase warrants were outstanding:

|Number of Warrants | Exercise
		Price
		$ | Expiry
		Date      
|------------------ | -------------------- | -------------------
|                   |                      |                    
|36,750             | 0.40                 | December
		31, 2006
|300,000            | 0.32                 | January
		28, 2007 
|995,251            | 0.70                 | January
		31, 2007 
|625,000            | 0.20                 | August
		28, 2007  
|10,750             | 0.99                 | December
		31, 2007
|416,667            | 0.33                 | October
		20, 2008 
|83,333             | 0.33                 | November
		6, 2008 
|583,333            | 0.33                 | November
		27, 2008
|500,000            | 0.33                 | December
		8, 2008 
|166,667            | 0.33                 | December
		21, 2008
|221,666            | 0.50                 | March 27,
		2009   
|213,500            | 0.50                 | April 3,
		2009    
|1,215,071          | 0.50                 | April 5,
		2009    
|50,000             | 0.91                 | May 9,
		2009      
|50,000             | 1.10                 | May 9,
		2009      
|50,000             | 1.28                 | May 9,
		2009      
|50,000             | 1.46                 | May 9,
		2009      
|335,000            | 0.75                 | October
		3, 2009  
|5,902,988          |                      |                    
|                   |                      |                    





F-19

---



MOST
HOME CORP.Notes to the Consolidated Financial Statements
(Expressed in U.S. dollars)
(unaudited)

14.  Commitments

(a)  The Company's minimum payments required under operating
leases for premises and equipment are as follows as at October 31, 2006:

$2007
			
			122,3982008
			
			84,7672009
			
			5,289212,454


(b)  On May 9, 2006, the Company entered into a consulting
agreement and agreed to pay the consultant $10,000 per month for a period of one
year. As at October 31, 2006, the Company is committed to pay $60,000 over the
next six months.

15.  Segmented Information

Management has determined that the Company operates in one
operating segment which involves the generation of real estate referrals.
Substantially all of the Company's operations, assets and employees are located
in Canada; however, substantially all of the Company's revenues are from
customers located in the United States.

16.  Subsequent Events

(a)  On November 4, 2006, a non-related third party loaned
the Company $49,500. The amount due is unsecured, bears interest at 10% per
annum and is due on demand.

(b)  On December 5, 2006, the Company issued 149,000 units to
two investors for gross proceeds of $74,500. Each unit consists of one common
share and one share purchase warrant. Each share purchase warrant entitles the
holder to purchase one additional common share at an exercise price of $0.75 per
share for a period of three years.









F-20



---



Item 2.  Management's Discussion and Analysis or Plan
of Operations

Overview
Most Home Corp. provides high touch customer service and technology solutions to
the real estate industry to help companies increase their lead conversion rate,
build their online brand and increase their core service revenues. Our
integrated suite of Customer Relationship Management (CRM) solutions provides
lead generation, lead verification, call center management software, marketing
automation tools, and a wireless lead management platform for over 70 real
estate brokerages, Multiple Listing Service (MLS Providers) and mortgage lenders
representing over 350,000 real estate professionals.

In addition
to the CRM platform, a key competitive differentiator is our ability to provide
full service lead response, qualification, and cultivation services to our
clients through our licensed contact center located near Vancouver, British
Columbia. Staffed and managed by licensed REALTORS(R), Most Home's
contact center handles over 1.2 million web inquiries per year on behalf of our
brokerage clients. Each inquiry is followed-up and professionally qualified by
our customer service team before being distributed to sales people in the field.

Most Home,
pioneered its CRM platform over the past 8 years, while successfully developing
MostReferred.com, a licensed real estate company engaged in the business of
generating, qualifying and managing real estate leads for a network of 5,000
real estate agents in 2,000 markets across the United States and Canada.

Most Home's
product development efforts are focused on improving and enhancing our existing
solutions and service offerings. Most Home's development process incorporates
our long term strategic view of the market and incorporates feedback directly
from our clients and their customers.

Most Home is
currently developing products and solutions to broaden our offerings in the real
estate and lending vertical markets. Development teams focused on Wireless, Lead
Management and MLS data aggregation and display. The Company's clients all run
on a shared platform and our development efforts are focused on current and
future releases of our products. Research and development efforts significantly
increased during fiscal 2006.



Employees. As of December 13, 2006, the Company
employed 48 people, including 4 contractors on a part-time basis, and 6
employees are licensed REALTORS(R) or have real estate experience.

Revenues and expenses

Revenues for
the quarter ended October 31, 2006 were $565,396 compared to $432,895 for the
prior year quarter ended October 31, 2005. The following table shows revenue
comparisons to prior fiscal year:

| |                            | Three months ended 
		 October 31, 2006 | % of Sales |  | Three months ended 
		 October 31, 2005 | % of Sales
| | -------------------------- | --------------------------------------- | ---------- |  | --------------------------------------- | ----------
| | Revenues:                  |                                         |            |  |                                         |           
| | Referrals                  | 205,006                                 | 36.3%      |  | 220,785                                 | 51.0%     
| | Membership & ClientBuilder | 288,380                                 | 51.1%      |  | 169,807                                 | 39.2%     
| | Wireless and mobility      | 67,608                                  | 12.0%      |  | 32,811                                  | 7.6%      
| | Other                      | 4,402                                   | 0.6%       |  | 9,492                                   | 2.2%      
| |                            | 565,396                                 | 100%       |  | 432,895                                 | 100.0%    



22

---



Referral
revenue decreased $15,779 from the three months ended October 31, 2005.  The
decrease in referral revenues for the three months ended October 31, 2006 was
the result of decreased leads generated through the Company's websites listed on
Internet search engine portals. Approximately 50% of the Company's leads have a
direct correlation to the ranking of the Company's lead generating websites on
Internet portals such as Google, Yahoo, MSN and Inktomi. The Company is working
to mitigate the lower than expected lead production and continue to increase its
websites' rankings on these portals, but there can be no assurance of success.
Once the qualified client results in a closed real estate transaction, the
Company receives a success fee based on the member agent's gross commission.

The Company
has taken steps to generate leads through third-parties, and sell them on a
per-lead rather than a success fee basis, in order to reduce its exposure to
search engine uncertainty. In addition the Company is shifting its focus from
agent based revenue models to broker based revenue models.

Membership &
ClientBuilder revenues increased $118,573 from October 31, 2005, representing an
increase of 69.8%. This increase is due to the completion of the Company's
upgrade and redevelopment of its website products and additional features along
with increased marketing efforts, in a highly competitive market, increasing
sales to REALTORS(R) and real estate agents.  Also impacting this
increase are agreements that were signed with seven major brokerage accounts,
which resulted in an increase in ClientBuilder revenues from direct broker
sales, starting in fiscal 2006.  Most recently, the Company signed a Master
Services Agreement with Wells Fargo Home Mortgage.  The Company will provide its
lead management services and be paid on a per lead basis.  This will help
establish and allow Most Home to forecast greater recurring cash flows. The
implementation period for direct broker implementation is a longer cycle of
approximately two to three months but the conversion rate of sales to broker
agents is much higher than selling directly to individual agents, which
approximate 85% compared to 10% respectively.  The Company increased membership
and ClientBuilder sales in future periods, as it focuses resources on product
enhancement and marketing.

Wireless and
mobility revenue increased to $67,608 for the three months ended October 31,
2006, compared to $32,811 for the three months ended October 31, 2005.  This
increase was due to the acquisition of Executive Wireless on June 13, 2005 and
expanded sales efforts for the Company's acquired wireless products and services
including bundling services with the ClientBuilder product.  During the three
months ended October 31, 2005, the wireless realty products were in their
infancy; the Company was still developing and building wireless platforms.  As
Most Home expands the marketing of its wireless technology, that provides faster
response time to the end consumer, the Company anticipates further increases in
revenues from these products.

The following
table shows revenues and margins for the three months ended October 31, 2006,
with comparative figures for the prior year:

| |               | Three
		months ended 
		 October 31, 2006 | % of
		Sales |  | Three
		months ended 
		 October 31, 2005 | % of
		Sales
| | ------------- | ----------------------------------------- | ------------ |  | ----------------------------------------- | ------------
| | Revenues:     | 565,396                                   | 100.0%       |  | 432,895                                   | 100.0%      
| | Gross Margin: | 360,526                                   | 63.8%        |  | 207,238                                   | 47.9%       

Gross margin
for the three months ended October 31, 2006 was $360,526 compared to $207,238
for the comparable quarter ended October 31, 2005. The increase in gross margin
as a percentage of revenue for the quarter ended October 31, 2006 is due to
decreased salaries and benefits, which resulted from allocation of selling and
marketing personnel to selling, general and administrative from direct costs. 
Impacts of foreign exchange rates added to the decrease as well. Changes in the
sources of revenue of the Company influence the gross margin percentage. As a
percentage of revenue, membership and ClientBuilder sales increased to 51.0% for
the year ended October 31, 2006 compared to 39.2% for the year ended October 31,
2005.

Wireless
sales increased to 12.0% for the year ended October 31, 2006 compared 7.6% for
the year ended October 31, 2005. As a percentage of total revenue, referral fees
decreased to 36.5% for the year ended October 31, 2006 from 51.0% for the year
ended October 31, 2005. Gross margin on sales decreased in the

23

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year ended
October 31, 2006 due to decreased referral revenue while costs remained fixed.
As membership, ClientBuilder and wireless sales continue to increase as a
percentage of gross revenues and referrals decrease; gross margin will increase
in future periods. Continued weakness in the Canadian dollar may decrease gross
margin in future periods (see Foreign Currency Impact).

The
following table shows operating expenses as a percentage of sales for the three
months ended October 31, 2006, with comparative figures for the prior year

| |                                       | Three months ended 
		 October 31, 2006 | % of Sales |  | Three months ended 
		 October 31, 2005 | % of Sales
| | ------------------------------------- | --------------------------------------- | ---------- |  | --------------------------------------- | ----------
| |                                       |                                         |            |  |                                         |           
| | Amortization                          | 46,941                                  | 4.3%       |  | 60,021                                  | 8.0%      
| | Research and development              | 206,936                                 | 18.9%      |  | 161,526                                 | 21.4%     
| | Selling, general and
		administrative | 841,061                                 | 76.8%      |  | 532,057                                 | 70.6%     
| | Total operating expenses              | 1,094,888                               | 100.0%     |  | 753,604                                 | 100.0%    

Amortization
expense decreased slightly to $46,891 from the three months ended October 31,
2005. The   decrease was due to reduced amortization on previously capitalized
development costs that were written off as of July 31, 2006.

Research and
development costs increased $45,410 from prior year.  The company is focused on
 development of its products and services; enhancing its existing products under
a uniform product platform.  This may lead to further increases in research in
development in future periods.

Selling,
general and administrative costs increased 58.0% ($309,004) from the quarter
ended October 31, 2005.  This increase was due to a number of factors, including
the allocation of selling and marketing personnel to selling, general and
administrative from direct costs.  Effective February 1, 2006, the Company
adopted the fair value recognition provisions of SFAS No. 123R "Share Based
Payments", using the modified prospective transition method.  This added an
additional $89,000 to the Company's net loss for the quarter ended October 31,
2006.  Salaries and benefit costs increased due to the allocation of certain
selling and marketing personnel to selling, general and administrative from
direct costs as noted above.  Professional fees increased approximately $115,000
from the prior year quarter.  This was due to increased legal, accounting and
auditing fees for and a change in accounting method in 2006; the Company stopped
accruing and expensing estimated professional fees as of April 30, 2006.  The
effect of this accounting change was an increase in professional fee expense for
the three months ended October 31, 2006 of approximately $120,000, along with an
equivalent decrease in professional fee expense for fiscal 2006. An increase in
the value of the Canadian dollar also increased the Company net loss.  The
Company derives the majority of its expenses in Canadian dollars.







24

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Item 2. 
Management's Discussion and Analysis or Plan of Operations (continued)

Working
capital deficiency at October 31, 2006 was $1,200,407 compared to $898,623 at
July 31, 2006.  See "Liquidity and Sources of Capital" for description of
further funding anticipated in fiscal 2006.

Critical
accounting policies

The Company's discussion and analysis of its financial
condition and results of operations, including the discussion on liquidity and
capital resources, are based on its consolidated financial statements that have
been prepared in accordance with U.S. generally accepted accounting principles.
The preparation of these financial statements requires management to make
estimates and judgments that affect reported amounts of assets, liabilities,
revenues and expenses, and related disclosure of contingent assets and
liabilities. On an ongoing basis, management re-evaluates its estimates and
judgments, particularly those related to the determination of the impairment of
goodwill and intangible assets. Management bases its estimates and judgments on
historical experience, contractual arrangements and commitments and on various
other assumptions that it believes are reasonable in the circumstances. Changes
in these estimates and judgments will impact the amounts recognized in the
consolidated financial statements, and the impact may be material. Management
believes the following critical accounting policies require more significant
estimates and judgments in the preparation of the consolidated financial
statements. The consolidated financial statements have been prepared on the
going concern basis, which assumes the realization of assets and liquidation of
liabilities in the normal course of operations.

If the Company was not to continue as a going concern, it
would likely not be able to realize on its assets at values comparable to the
carrying values reflected in the consolidated financial statements. As described
elsewhere in this report, at October 31, 2006, there are certain conditions that
currently exist which raise substantial doubt about the validity of this
assumption. While the Company anticipates raising additional private placement
funds to remove the substantial doubt, these private placements are not assured.
Failure to raise additional funds may result in the Company curtailing
operations or writing assets and liabilities down to liquidation values, or
both.

Goodwill is not amortized and
is only written down if impaired. In estimating fair value of goodwill,
management estimates their value at the reporting unit level. The fair value of
goodwill will be impacted by general economic conditions, demand for the
Company's services and other factors. To the extent that fair value is reduced
in future periods, the Company may be required to record an impairment charge
against the carrying value of the goodwill.







25

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Item 2. Management's Discussion and Analysis or Plan of
Operations (continued)

Liquidity and sources of capital

Working
capital deficiency was $1,200,407 at October 31, 2006.

During the three-month period
ended October 31, 2006 Most Home's operations used $217,158 in cash. Cash
required by Most Home during the three months ended October 31, 2006 was
generated through, short-term borrowings, loans, and capital raising activities
(which generated $135,000, net of issuance costs, through the private sale of
stock and the exercise of stock options).

Management anticipates
that cash flow requirements for the twelve months ended October 31, 2007 will be
met through the exercise of outstanding stock options and warrants, private
placements of stock and the repayment of amounts due from related parties. There
can be no assurance that any of these capital sources will provide the necessary
cash flow to the Company for it to sustain operations.

Management
anticipates cash flow needs for the twelve months ended October 31, 2007 are as
follows:

|General and administrative   | 400,000  
|---------------------------- | ---------
|Capital purchases            | 250,000  
|Product development          | 200,000  
|Debt and liability reduction | 750,000  
|                             | 1,600,000

Recent Accounting Pronouncements

In September 2006, the SEC staff issued Staff Accounting
Bulletin No. 108 "Considering the Effects of Prior Year Misstatements when
Quantifying Misstatements in Current Year Financial Statements" ("SAB 108").
SAB 108 requires that public companies utilize a "dual-approach" to assessing
the quantitative effects of financial misstatements. This dual approach includes
both an income statement focused assessment and a balance sheet focused
assessment. The guidance in SAB 108 must be applied to annual financial
statements for fiscal years ending after November 15, 2006. The Company is
currently assessing the impact of adopting SAB 108 but does not expect that it
will have a material effect on its consolidated financial position or results of
operations.

In September 2006, the Financial Accounting Standards Board
("FASB") issued SFAS No. 158, "Employers' Accounting for Defined Benefit Pension
and Other Postretirement Plans - an amendment of FASB Statements No. 87, 88,
106, and 132(R)". This statement requires employers to recognize the overfunded
or underfunded status of a defined benefit postretirement plan (other than a
multiemployer plan) as an asset or liability in its statement of financial
position and to recognize changes in that funded status in the year in which the
changes occur through comprehensive income of a business entity or changes in
unrestricted net assets of a not-for-profit organization. This statement also
requires an employer to measure the funded status of a plan as of the date of
its year-end statement of financial position, with limited exceptions. The
provisions of SFAS No. 158 are effective for employers with publicly traded
equity securities as of the end of the fiscal year ending after December 15,
2006. The adoption of this statement is not expected to have a material effect
on the Company's future reported financial position or results of operations.

In September 2006, the FASB issued SFAS No. 157, "Fair Value
Measurements". The objective of SFAS No. 157 is to increase consistency and
comparability in fair value measurements and to expand disclosures about fair
value measurements. SFAS No. 157 defines fair value, establishes a framework for
measuring fair value in generally accepted accounting principles, and expands
disclosures about fair value measurements. SFAS No. 157 applies under other
accounting pronouncements that require or permit fair value measurements and
does not require any new fair value measurements. The provisions of SFAS No. 157
are effective for fair value measurements made in fiscal years beginning after
November 15, 2007. The adoption of this statement is not expected to have a
material effect on the Company's future reported financial position or results
of operations.

26

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Item
2. Management's Discussion and Analysis or Plan of Operations (continued)

Recent Accounting Pronouncements (continued)

In June 2006, the FASB issued FASB Interpretation No. 48,
"Accounting for Uncertainty in Income Taxes, an interpretation of FASB
Statements No. 109" ("FIN 48"). FIN 48 clarifies the accounting for uncertainty
in income taxes by prescribing a two-step method of first evaluating whether a
tax position has met a more likely than not recognition threshold and second,
measuring that tax position to determine the amount of benefit to be recognized
in the financial statements. FIN 48 provides guidance on the presentation of
such positions within a classified statement of financial position as well as on
derecognition, interest and penalties, accounting in interim periods,
disclosure, and transition. FIN 48 is effective for fiscal years beginning after
December 15, 2006. The adoption of this statement is not expected to have a
material effect on the Company's future reported financial position or results
of operations.

In March 2006, the FASB issued SFAS No. 156, "Accounting for
Servicing of Financial Assets, an amendment of FASB Statement No. 140,
Accounting for Transfers and Servicing of Financial Assets and Extinguishments
of Liabilities". This statement requires all separately recognized servicing
assets and servicing liabilities be initially measured at fair value, if
practicable, and permits for subsequent measurement using either fair value
measurement with changes in fair value reflected in earnings or the amortization
and impairment requirements of Statement No. 140. The subsequent measurement of
separately recognized servicing assets and servicing liabilities at fair value
eliminates the necessity for entities that manage the risks inherent in
servicing assets and servicing liabilities with derivatives to qualify for hedge
accounting treatment and eliminates the characterization of declines in fair
value as impairments or direct write-downs. SFAS No. 156 is effective for an
entity's first fiscal year beginning after September 15, 2006. The adoption of
this statement is not expected to have a material effect on the Company's future
reported financial position or results of operations.

In February 2006, the FASB issued SFAS No. 155, "Accounting
for Certain Hybrid Financial Instruments-an amendment of FASB Statements No. 133
and 140", to simplify and make more consistent the accounting for certain
financial instruments. SFAS No. 155 amends SFAS No. 133, "Accounting for
Derivative Instruments and Hedging Activities", to permit fair value
re-measurement for any hybrid financial instrument with an embedded derivative
that otherwise would require bifurcation, provided that the whole instrument is
accounted for on a fair value basis. SFAS No. 155 amends SFAS No. 140,
"Accounting for the Impairment or Disposal of Long-Lived Assets", to allow a
qualifying special-purpose entity to hold a derivative financial instrument that
pertains to a beneficial interest other than another derivative financial
instrument. SFAS No. 155 applies to all financial instruments acquired or issued
after the beginning of an entity's first fiscal year that begins after September
15, 2006, with earlier application allowed. The adoption of this statement is
not expected to have a material effect on the Company's future reported
financial position or results of operations.



Item  3. Controls and Procedures

Under the supervision and with
the participation of the Company's management, including the Company's Chief
Executive Officer and Chief Financial Officer, the Company has evaluated the
effectiveness of the design and operation of its disclosure controls and
procedures pursuant to Exchange Act Rule 13a-14(c) as of the end of the period
covered by this quarterly report. Based on that evaluation, the Chief Executive
Officer and Chief Financial Officer have concluded that these disclosure
controls and procedures are effective. There were no significant changes in the
Company's internal controls or in other factors that could significantly affect
internal controls subsequent to the date of their evaluation.





27

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CAUTIONARY
STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995

The required
review of the Registrant's financial statement by the independent public
accountant is currently under way.

From time to
time, the Company will make written and oral forward-looking statements about
matters that involve risk and uncertainties that could cause actual results to
differ materially from projected results.

Many of these
factors are beyond the Company's ability to control and predict. Investors are
cautioned not to place undue reliance on forward-looking statements. The Company
disclaims any intent or obligation to update its forward-looking statements,
whether as a result of receiving new information, the occurrence of future
events, or otherwise.

This Quarterly Report contains statements that are
forward-looking. These statements are based on current expectations and
assumptions that are subject to risks and uncertainties. Actual results could
differ materially because of issues and uncertainties such as those listed
below, which, among others, should be considered in evaluating the Company's
financial outlook.

An investment
in Most Home's common stock involves risks due in part to prior operating
losses, the limited market for Most Home's common stock, and competition in the
real estate industry.

Prospective
investors should be aware that ownership of Most Home's common stock involves
risks which could depress the value of their shares. Most Home does not make,
nor has it authorized any other person to make, any representations about the
future market value of Most Home's common stock.

The Company's
securities should be purchased only by persons who can afford to lose their
entire investment. Prospective investors should read this entire quarterly
report in conjunction with our Annual Report filed on Form 10K-SB and carefully
consider, among others, the following risk factors in addition to the other
information in this report prior to making an investment.

Most Home has suffered losses in the
past

Most Home
incurred a net loss of $734,362 for three months ended October 31, 2006,
incurred a net loss of $2,948,087 for the year ended July 31, 2006, and incurred
a net loss of $1,560,546 for the year ended July 31, 2005.  From the date of its
formation through October 31, 2006, Most Home incurred net losses of
$7,630,730.  Although management anticipates profitability in future periods,
profitability cannot be assured and further losses may occur.

Foreign Currency Impact

The Company
currently derives approximately 90% of its revenues from U.S. sources and nearly
100% of its expenses from Canadian sources. Increases in the Canadian dollar
have negatively impacted the Company's expenses and cash flows. Bank of Canada
(http://www.bankofcanada.ca) reports that the average annual exchange rate,
based on monthly averages, for the Canadian to U.S. dollar was 1.1210 for the
quarter ended October 31, 2006 compared to 1.1864 for the quarter ended October
31, 2005. This represents an increase of approximately 5.5%, on an average
yearly exchange rate basis, in the Company's expenses and cash disbursements
over the quarter ended October 31, 2006. The Company does not currently engage
in foreign currency hedging activities.



28

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Most Home is dependant on additional financing to expand its operations.  If
adequate funds are not available when required or on acceptable terms, Most Home
may be required to alter its business plans and delay or scale back its sales
and marketing efforts which, in turn, would result in a decline in Most Home's
revenues.

Most Home
needs additional capital to advance its business and marketing plans.  Since the
cash generated from Most Home's operations may not be sufficient to fund these
activities, Most Home may need additional financing through private financings,
debt or equity offerings or collaborative arrangements with others.  Any equity
offering will result in dilution of the ownership interest of Most Home's
shareholders and may result in a decline in the price of Most Home's common
stock.  The Report of Independent Registered Public Accounting Firm with respect
to Most Home's financial statements for the fiscal year ended July 31, 2006
includes an additional explanatory paragraph that states there exists
substantial doubt about Most Home's ability to continue as a going concern. 
These consolidated financial statements do not include any adjustment as a
result of this uncertainty.

Most Home's services are dependent on the
use of the Internet and any interruptions, delays or capacity problems
experienced on the Internet or with telephone connections would adversely affect
Most Home's ability to operate.

Although Most
Home has instituted safeguards and redundancy for its systems, possible
technical problems could occur, including software failures that result in Most
Home being unable to view customer information by means of its websites, and
website server hardware failures that cause Most Home's or Most Home managed
websites to be unavailable to its customers for significant periods of time.  An
extended interruption, delay or capacity problems related to the use of the
Internet could significantly reduce future revenues.

Most Home may
not be able to protect its intellectual property

Most Home
considers its wireless technology and systems developed by Most Home and its
partners to be proprietary in nature.  The technology and systems allow users to
connect to real estate listing data remotely using mobility devices.

It is
possible that others may independently develop superior technology and systems
or obtain access to Most Home's technology and systems. Since the above
technology and systems are not patented; Most Home relies primarily on a
combination of copyright, trademark and trade secret laws and confidentiality
procedures to protect its survey methods.  Monitoring and identifying unlawful
use of Most Home's intellectual property may prove difficult, and the cost of
litigation may prevent Most Home from prosecuting any unauthorized use of its
technology.

Government regulation and legal uncertainties could impair the growth of the
Internet and decrease demand for Most Home's services or increase its cost of
doing business

Although
there are currently few laws and regulations directly applicable to the
Internet, a number of laws have been proposed involving the Internet, including
laws addressing user privacy, pricing, content, copyrights, distribution,
antitrust and characteristics and quality of products and services.  Further,
the growth and development of the market for online email may prompt calls for
more stringent consumer protection laws that may impose additional burdens on
those companies conducting business by means of the internet.  The adoption of
any additional laws or regulations may impair the growth of the Internet or
commercial online services which could decrease the demand for Most Home's
services and increase the cost of doing business, or otherwise harm Most Home's
business and operating results.  Moreover, the applicability of existing laws to
the Internet relating to property ownership, sales and other taxes, libel and
personal privacy is uncertain and may take years to resolve.

The limited public market for Most Home's common stock may limit the ability
of shareholders to sell their shares.

Most Home's
common stock is quoted on the OTC Bulletin Board and there has been only a
limited public market for Most Home's common stock.  An active trading market
for Most Home's stock may not develop and

29

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purchasers of
the shares may not be able to resell their securities at prices equal to or
greater than the price paid for these shares. The market price of Most Home's
common stock may decline as the result of announcements by Most Home or its
competitors, variations in Most Home's results of operations, and market
conditions in the real estate and Internet industries in general.

Rules of the Securities and Exchange
Commission concerning low priced securities may limit the ability of
shareholders to sell their shares.

Most Home's
common stock is subject to Rule 15g-9 of the Securities and Exchange Commission
which regulates broker/dealer practices in connection with transactions in
"penny stocks".  Penny stocks generally are equity securities with a price of
less than $5.00, other than securities registered on certain national securities
exchanges or quoted on the NASDAQ system, provided that current price and volume
information with respect to transactions in that security are provided by the
exchange or system.  The penny stock rules require a broker/dealer, prior to a
transaction in a penny stock not otherwise exempt from the rules, to deliver a
standardized risk disclosure document prepared by the Commission that provides
information about penny stocks and the nature and level or risks in the penny
stock market.  The broker/dealer also must provide the customer with current bid
and offer quotations for the penny stock, the compensation of the broker/dealer
and its salesperson in the transaction, and if the broker/dealer is the sole
market-maker, the broker/dealer must disclose this fact and the broker/dealer's
presumed control over the market.  This information must be provided to the
customer orally or in writing before or with the written confirmation of trade
sent to the customer.  The bid and offer quotations, and the broker/dealer and
its salesperson compensation information, must be given to the customer in
writing before or with the customer's confirmation.  The broker/dealer must make
a special suitability determination for purchasers of the securities and receive
the purchaser's written agreement to the transaction prior to sale.  Monthly
statements must be sent by the broker/dealer to the customer disclosing recent
price information for the penny stock held in the account and information on the
limited market in penny stocks.  These disclosure requirements may reduce the
level of trading activity in the market for Most Home's common stock and may
limit the ability of investors in this offering to sell Most Home's common stock
in the secondary market.

The issuance of additional shares of common stock could cause the price of
Most Home's common stock to decline

Most Home has
options, warrants and preferred stock outstanding as of December 13, 2006, the
exercise or conversion of which could result in the issuance 12,470,708
additional shares of common stock representing 40% of the issued and outstanding
shares.  To the extent these shares are issued, the percentage of common stock
held by existing common stockholders will be reduced. In addition the exercise
of any or all of the options or warrants might result in further dilution of the
net tangible book value of the existing stockholders' shares. If the market
price of Most Home's common stock is above the exercise price of an option or
warrant the holders of the option or warrant may exercise the warrant or option,
in which case Most Home would be required to sell its shares at below market
prices, further diluting the interests of other shareholders.

Changes in the accounting treatment of stock
options will adversely affect our results of operations

Effective
February 1, 2006, the Company adopted the fair value recognition provisions of
SFAS No. 123R "Share Based Payments", using the modified prospective transition
method. Under that transition method, compensation cost is recognized for all
share-based payments granted prior to, but not yet vested as of February 1,
2006, based on the grant date fair value estimated in accordance with the
original provisions of SFAS No. 123, and compensation cost for all share-based
payments granted subsequent to February 1, 2006, based on the grant date fair
value estimated in accordance with the provisions of SFAS No. 123R. Results for
prior periods have not been restated.  This change in accounting treatment
beginning February 1, 2006 will materially and adversely affect our reported
results of operations as the stock-based compensation expense will be charged
directly against our reported earnings.  We do not expect this accounting change
to materially affect our liquidity because equity-based compensation in a
non-cash expense.



30

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PART II  -  OTHER INFORMATION

Item 1. Legal Proceedings

None.

Item 2. Unregistered Sales of Equity
Securities and Use of Proceeds

(a)   The
following sets forth certain information regarding sales of equity securities
that were either not registered under the Securities Act or not previously
included in a Current Report on Form 8-K during the three months ended October
30, 2006:

On October 3,
2006, we issued a total of 670,000 shares of common stock and 335,000 share
purchase warrants to three accredited investors for total proceeds of $335,000. 
Each warrant entitles the investor to purchase one additional common share at an
exercise price of $0.75 per share for a period of three years from closing.

We paid cash
commission of $12,500 in connection with the private placement to one investor,
to a person that is not a broker-dealer or agent.  The units were sold to the
accredited investors pursuant to Regulation 506 under the Securities Act of
1933, as amended.  All securities issued were issued as "restricted securities"
and were endorsed with a restrictive legend confirming that the securities could
not be resold without registration under the Act or an applicable exemption from
the registration requirements of the Act. No general solicitation or general
advertising was conducted in connection with the sales of the shares.  Two of
the investors have advanced their subscription proceeds to us in July and
August, 2006, and as per our agreement with the investors we paid these two
investors 10% interest, for a total of $6,554.79, for loaning us the money until
the securities are issued.  One of the investors is Michael Schutz, our CFO.  We
paid Mr. Schutz $527 as interest for advancing the subscription proceeds to the
Company in August 2006; interest accrued at 10% per annum until the securities
were issued.

Item 3. Defaults upon Senior
Securities

None.

Item 4. Submission of Matters to a
Vote of Security Holders

None

Item 5. Other Information

None

Item 6. Exhibits

|Exhibit No. | Description of Exhibit                                                                               
|----------- | -----------------------------------------------------------------------------------------------------
|31.1        | Certifications of Chief Executive Officer Pursuant to Section 302 of the
		Sarbanes-Oxley Act of 2002
|31.2        | Certifications of Chief Financial Officer Pursuant to Section 302 of the
		Sarbanes-Oxley Act of 2002
|32.1        | Certifications of Chief Executive Officer Pursuant to Section 906 of the
		Sarbanes-Oxley Act of 2002
|32.2        | Certifications of Chief Financial Officer Pursuant to Section 906 of the
		Sarbanes-Oxley Act of 2002

31

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SIGNATURES

In accordance with the requirements of
the Securities and Exchange Act of 1934, the Registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized.

|                          | MOST HOME CORP.
|------------------------- | ---------------
|                          |                
|                          |                
|Date:
		December 20, 2006 | By:            
|                          |                
|                          |                
|                          |                
|Date:
		December 20, 2006 | By:            
|                          |