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 January 31, 2007                     
|- | ---------------------------------------------------------------------------------------------------------------------------------------------------------
|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 March 12, 2007 the Company had 32,349,774 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











---













Consolidated Financial Statements of

MOST HOME CORP.

(Expressed in U.S. dollars)

For the Six Month Period Ended January 31, 2007

































F-1

---



MOST HOME CORP.Consolidated Balance Sheets
	(Expressed in U.S. dollars except share information) January 31,
			2007
			$
			(unaudited)
			
			July 31,
			2006
			$AssetsCurrent AssetsCash
			-
			
			48,310Accounts receivable, net of allowance for doubtful accounts of $969
			and $52,409, respectively
			143,077
			
			194,809Prepaid expenses
			101,149
			
			86,698Due
			from related party (Note 10(a))
			29,669
			
			27,362Total
			Current Assets
			273,895
			
			357,179Property and equipment (Note 4)
			100,555
			
			124,939Intangible assets (Note 5)
			213,672
			
			275,930Goodwill (Note 6)
			754,892
			
			754,892Total
			Assets
			1,343,014
			
			1,512,940Liabilities and Stockholders' Equity (Deficit)Current
			LiabilitiesShort-term
			borrowings (Note 7)
			105,881
			
			47,750Accounts payable
			638,533
			
			359,538Accrued liabilities (Note 8)
			676,800
			
			302,004Loans payable (Note 9)
			116,948
			
			251,613Due
			to related parties (Note 10(b))
			60,788
			
			17,154Deferred revenue
			183,521
			
			277,743Total
			Current Liabilities
			1,782,471
			
			1,255,802Going
			Concern (Note 1)Commitments (Note 14)Subsequent Events (Note 16)Stockholders' Equity (Deficit)Series A preferred stock, $0.001 par value;
			Issued and outstanding: 1,700,000
			1,700
			
			1,700Common stock, $0.001 par value; Issued and outstanding:
			31,073,697 and 29,867,947, respectively
			31,074
			
			29,868Additional paid-in
			capital
			8,442,958
			
			7,135,179Common stock
			subscribed (Note 11(b))
			150,000
			
			-Share subscriptions
			receivable (Note 10(a))
			(43,469)
			
			(43,469)Accumulated deficit
			(9,022,211)
			
			(6,896,368)Accumulated other
			comprehensive gain
			491
			
			30,228Total
			Stockholders' Equity (Deficit)
			(439,457)
			
			257,138Total
			Liabilities and Stockholders' Equity (Deficit)
			1,343,014
			
			1,512,940 See
	accompanying notes to the consolidated financial statements F-2


MOST HOME CORP.Consolidated Statements of Operations
	(Expressed in U.S. dollars except share information)
	(unaudited)  For the three
			months ended
			January 31,
			For the six
			months ended
			January 31,2007
			$
			
			2006
			$
			2007
			$
			
			2006
			$Net
			Revenues
			470,988
			
			381,469
			1,036,384
			
			814,365Cost of
			Revenues
			213,647
			
			241,841
			418,517
			
			467,497Gross
			Margin
			257,341
			
			139,628
			617,867
			
			346,868Operating ExpensesAmortization
			38,036
			
			45,458
			84,927
			
			125,163Research and
			development
			110,872
			
			202,487
			317,808
			
			364,013Selling, general and
			administrative
			1,499,914
			
			504,881
			2,340,975
			
			1,017,254Total
			Operating Expenses
			1,648,822
			
			752,826
			2,743,710
			
			1,506,430Net
			Loss for the Period
			(1,391,481)
			
			(613,198)
			(2,125,843)
			
			(1,159,562)Other
			Comprehensive Income (Loss)Foreign currency
			translation adjustments
			(41,164)
			
			(20,667)
			29,737
			
			(5,474)Comprehensive Loss
			(1,432,645)
			
			(633,865)
			(2,096,106)
			
			(1,165,036)Net
			Loss Per Common Share - Basic and Diluted
			$(0.05)
			
			$(0.03)
			$(0.07)
			
			$(0.05)Weighted Average Common Shares Outstanding
			30,830,000
			
			24,265,576
			30,241,000
			
			23,044,656   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
				Common Stock
				Additional
				Paid-in
				Share Subscriptions
				Accumulated
				Accumulated
				Other
				Comprehensive
				Total
				Stockholders'
				EquityShares
				#
				Amount
				$
				Shares
				#
				Amount
				$
				Subscribed
				$
				Capital
				$
				Receivable
				$
				Deficit
				$
				Income (Loss)
				$
				(Deficit)
				$Balance, July 31, 2006
			1,700,000
			1,700
			29,867,947
			29,868
			-
			7,135,179
			(43,469)
			(6,896,368)
			30,228
			257,138Common stock issued pursuant to the
			exercise of stock options
			-
			-
			350,000
			350
			-
			84,650
			-
			-
			-
			85,000Common stock issued pursuant to the
			exercise of warrants
			-
			-
			36,750
			37
			-
			14,663
			-
			-
			-
			14,700Common stock issued for cash pursuant
			to private placements
			-
			-
			819,000
			819
			-
			408,681
			-
			-
			-
			409,500Stock issuance costs
			-
			-
			-
			-
			-
			(17,500)
			-
			-
			-
			(17,500)Fair value of stock options vested,
			net of forfeitures
			-
			-
			-
			-
			-
			138,926
			-
			-
			-
			138,926Incremental compensation cost of
			stock option and share purchase warrant modifications
			-
			-
			-
			-
			-
			678,359
			-
			-
			-
			678,359Common stock subscribed
			-
			-
			-
			-
			150,000
			-
			-
			-
			-
			150,000Foreign currency translation
			adjustment
			-
			-
			-
			-
			-
			-
			-
			-
			(29,737)
			(29,737)Net loss for the period
			-
			-
			-
			-
			-
			-
			-
			(2,125,843)
			-
			(2,125,843)Balance, January 31, 2007
			1,700,000
			1,700
			31,073,697
			31,074
			150,000
			8,442,958
			(43,469)
			(9,022,211)
			491
			(439,957)      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 six months ended
		January 31,
|----------------------------------------------------------------------------- | --------------------------------------
|                                                                              | 2007
		$                              
|Operating Activities                                                          |                                       
|Net loss for the
		period                                                     | (2,125,843)                           
|Adjustments to reconcile net loss to net cash used in operating
		activities: |                                       
|Amortization                                                                  | 84,927                                
|Stock-based compensation                                                      | 848,793                               
|Changes in operating asset and liabilities:                                   |                                       
|Accounts receivable                                                           | 45,140                                
|Prepaid expenses                                                              | (46,366)                              
|Due
		from related party                                                      | (2,307)                               
|Accounts payable                                                              | 285,980                               
|Accrued liabilities                                                           | 384,983                               
|Unearned revenue                                                              | (83,344)                              
|Other                                                                         | -                                     
|Net Cash
		Used In Operating Activities                                       | (608,037)                             
|Investing
		Activities                                                        |                                       
|Purchases of property and equipment                                           | (8,506)                               
|Acquisition of Executive Wireless, Inc., net of cash acquired                 | -                                     
|Software development costs                                                    | -                                     
|Net Cash
		Used In Investing Activities                                       | (8,506)                               
|Financing
		Activities                                                        |                                       
|Increase (decrease) in short-term borrowings                                  | 58,131                                
|Proceeds of loans payable                                                     | 142,640                               
|Repayment of loans payable                                                    | (25,692)                              
|Proceeds from issuances and subscriptions of common stock                     | 409,200                               
|Stock issuance costs                                                          | (17,500)                              
|Advances from related party                                                   | 67,969                                
|Repayments to related party                                                   | (25,489)                              
|Net Cash
		Provided By Financing Activities                                   | 609,259                               
|Effect of
		Exchange Rate Changes on Cash                                     | (41,026)                              
|Decrease in
		Cash                                                            | (48,310)                              
|Cash,
		Beginning of Period                                                   | 48,310                                
|Cash, End
		of Period                                                         | -                                     
|Non-cash
		Investing and Financing Activities                                 |                                       
|Loans payable
		converted to common shares                                    | 250,000                               
|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 January 31, 2007 has an
accumulated deficit of $9,022,211. The Company also had a working capital
deficit of $1,508,576 as at January 31, 2007. Additional debt or equity
financing of approximately $1,850,000 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 16 for funds raised subsequent to January 31, 2007.

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







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)

(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.

(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.









F-8

---



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

2.    Significant Accounting Policies (continued)

(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.

(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 $491 as at January 31, 2007 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.





F-9

---



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

2.    Significant Accounting Policies (continued)

(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.

(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. As of January 31, 2007, there are
4,483,720 outstanding stock options, 5,940,738 outstanding share purchase
warrants, and 1,700,000 shares of preferred stock exchangeable for shares of
common stock which have all 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.



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 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.

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.



F-11

---



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 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.

(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.



F-12

---



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

4.   Property and Equipment

|                       | Cost
		$ |  | Accumulated
		Amortization
		$ |  | January 31,
		2007
		Net Carrying
		Value
		$ |  | July 31,
		2006
		Net Carrying
		Value
		$
|---------------------- | -------- |  | ------------------------------ |  | --------------------------------------------- |  | ------------------------------------------
|Computer hardware      | 283,538  |  | 219,059                        |  | 64,479                                        |  | 79,895                                    
|Computer software      | 52,075   |  | 50,716                         |  | 1,359                                         |  | 2,829                                     
|Leasehold improvements | 61,070   |  | 57,010                         |  | 4,060                                         |  | 6,762                                     
|Office equipment       | 97,437   |  | 66,780                         |  | 30,657                                        |  | 35,453                                    
|                       | 494,120  |  | 393,565                        |  | 100,555                                       |  | 124,939                                   
|                       |          |  |                                |  |                                               |  |                                           

Amortization expense totalled $19,358 and $30,010 for the six months ended
January 31, 2007 and 2006, respectively.



5.   Intangible Assets

|                          | Cost
		$ |  | Accumulated
		Amortization
		$ |  | January 31,
		2007
		Net Carrying
		Value
		$ |  | July 31,
		2006
		Net Carrying
		Value
		$
|------------------------- | -------- |  | ------------------------------ |  | --------------------------------------------- |  | ------------------------------------------
|Customers                 | 189,000  |  | 99,750                         |  | 89,250                                        |  | 120,750                                   
|Technology                | 204,000  |  | 80,750                         |  | 123,250                                       |  | 148,750                                   
|Website development costs | 437,204  |  | 436,032                        |  | 1,172                                         |  | 6,430                                     
|                          | 830,204  |  | 616,532                        |  | 213,672                                       |  | 275,930                                   
|                          |          |  |                                |  |                                               |  |                                           

Amortization expense totalled $65,569 and $95,153 for the six months ended
January 31, 2007 and 2006, respectively.

6.    Goodwill

|                   | Cost
		$  |  | Accumulated Amortization
		$ |  | January 31,
		2007
		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 fiscal 2006 for additional costs
incurred relating to the acquisition of Executive Wireless, Inc.

F-13

---



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

7.    Short-term Borrowings

|                                                                                                                                            | January 31,
		2007 
		$ |  | 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. | 56,924                  |  | 47,750              
|Bank indebtedness                                                                                                                           | 48,957                  |  | -                   
|                                                                                                                                            | 105,881                 |  | 47,750              



8.    Accrued Liabilities

|                                | January 31,
		2007 
		$ |  | July 31,
		2006 
		$
|------------------------------- | ----------------------- |  | --------------------
|Payroll deductions and benefits | 496,486                 |  | 188,642             
|Professional fees               | 30,000                  |  | 34,139              
|Research and development costs  | -                       |  | 30,733              
|Sales tax and other             | 150,314                 |  | 48,490              
|                                | 676,800                 |  | 302,004             

9.    Loans Payable

The total balance of $116,948 (July 31, 2006 - $251,613) due to four non-related
third parties is unsecured, is non-interest bearing and is due on demand.

10.   Related Party Transactions

(a) A total balance of $73,138 (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 totalling $25,264 (July 31, 2006 - $22,957).
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) The balance of $60,788 (July 31, 2006 - $17,154) due to a director bears
interest at 10% per annum, secured by promissory notes and due on demand.





F-14

---



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

11.   Capital Stock

(a)    Authorized:

| | 250,000,000 |  | Common stock, par value of $0.001 per
		share                        
| | ----------- |  | ---------------------------------------------------------------------
| | 100,000,000 |  | Preferred stock, par value $0.001 per
		share, designated as follows:
| | 4,500,000   |  | Series A preferred stock                                             
| | 3,500,000   |  | Series B preferred stock                                             
| | 1,750,000   |  | Series C preferred stock                                             
| | 90,250,000  |  | 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.

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.





F-15

---



MOST HOME CORP.

11.   Capital Stock (continued)

(b)  The capital
stock transactions for the six month period ended January 31, 2007 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 paid a finder's fee of $12,500 in
connection with the private placement.

(iii)  On November 28, 2006, the Company issued 100,000 common shares for
proceeds of $35,000, pursuant to the exercise of stock options. The Company paid
a fee of $500 in connection with this stock issuance.

(iv)  On December 5, 2006, the Company issued 149,000 units at a price of $0.50
per unit for proceeds of $74,500. Each unit consists of one share of common
stock and one 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 paid fees of $4,000 in connection with
this stock issuance.

(v)   On January 17, 2007, the Company issued 36,750 common shares for proceeds
of $14,700 pursuant to the exercise of stock warrants. The Company paid a fee of
$500 in connection with this stock issuance.

(vi)  The Company has received $150,000 for a subscription to 375,000 units at
$0.40 per unit. Each unit will consist of one share of common stock and one
share purchase warrant. Each whole share purchase warrant entitles the holder to
purchase one additional common share at an exercise price of $0.60 per share for
a period of three years. The Company is to pay a finders' fee of $7,500 in
connection with this stock issuance. The units were issued subsequently (see
Note 16(d)).



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.







F-16

---



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

12.   Stock-based Compensation (continued)

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.

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.

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 Months Ended January 31,
		2006
		$ |  | Six Months Ended January 31,
		2006
		$
|-------------------------------------------------------------------------------------------- |  | ----------------------------------------- |  | ---------------------------------------
|Net loss, as reported                                                                        |  | (613,198)                                 |  | (1,159,562)                            
|Add: Total stock-based employee
		compensation expense included in reported net loss         |  | -                                         |  | -                                      
|Deduct: Total stock-based employee
		compensation expense determined under fair value method |  | -                                         |  | (120,000)                              
|Pro forma net loss                                                                           |  | (613,198)                                 |  | (1,279,562)                            
|Reported net loss per share, basic and
		diluted                                             |  | $(0.03)                                   |  | $(0.05)                                
|Pro forma net loss per share, basic and
		diluted                                            |  | $(0.03)                                   |  | $(0.06)                                





F-17

---



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
1,025,280 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                 | (350,000)           |  | 0.24                                 
|Forfeited                 | (660,000)           |  | 0.27                                 
|Balance, January 31, 2007 | 4,483,720           |  | 0.48                                 



F-18

---



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

12.  
Stock-based Compensation (continued)

Stock Option Activity (continued)

A summary of the status of the Company's
non-vested shares as of January 31, 2007 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                                          
|Forfeited                   | 135,000            |  | 0.56                                          
|Nonvested, January 31, 2007 | 895,000            |  | 0.56                                          

As of January 31,
2007, $100,038 of stock-based compensation related to stock options remains to
be amortized over an estimated period of one year.

Additional information regarding stock options outstanding as at January 31,
2007 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         | 0.76                                                | 0.30                               
|0.35                | 399,000           | 2.54                                                | 0.35                               
|0.56                | 1,021,720         | 2.63                                                | 0.56                               
|0.60                | 1,800,000         | 0.79                                                | 0.60                               
|                    | 4,483,720         | 1.17                                                | 0.48                               

During the three months ended January 31,
2007, the Company extended the term of 1,263,000 fully vested stock options. In
accordance with SFAS No. 123R, modifications to the terms of an award are
treated as an exchange of the original award for a new award. Incremental
compensation cost is measured as the excess, if any, of the fair value of the
original award immediately before its terms are modified, measured based on the
share price and other pertinent factors at that date. The Company recognized an
incremental compensation cost of $603,043 for these modified stock options.







F-19

---



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

12.  Stock-based Compensation (continued)

Stock Option Activity
(continued)

The fair value of stock options
was estimated at the date of grant or modification using the Black-Scholes
option pricing model using the following weighted average assumptions:



|                                                   | Three months ended
			January 31,
			2006 |  | Three months ended
			January 31,
			2006 |  | Six months ended
			January 31,
			2007 |  | Six months ended
			January 31,
			2006
|-------------------------------------------------- | ----------------------------------------- |  | ----------------------------------------- |  | --------------------------------------- |  | ---------------------------------------
|Expected life                                      | 1 year                                    |  | -                                         |  | 1 year                                  |  | 2 years                                
|Expected volatility                                | 120%                                      |  | -                                         |  | 120%                                    |  | 196%                                   
|Expected dividend yield                            | 0%                                        |  | -                                         |  | 0%                                      |  | 0%                                     
|Risk free interest rate                            | 4.72%                                     |  | -                                         |  | 4.72%                                   |  | 3.12%                                  
|Grant or modification date fair value
		per option | $0.48                                     |  | -                                         |  | $0.48                                   |  | $0.44                                  



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                    | 409,500              |  | 0.75                                     
|Exercised                 | (36,750)             |  | 0.40                                     
|Balance, January 31, 2007 | 5,940,738            |  | 0.48                                     











F-20

---



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

13.   Share Purchase Warrants (continued)



As at January 31, 2007, the following
share purchase warrants were outstanding:



|Number of Warrants | Exercise
		Price
		$ | Expiry Date      
|------------------ | -------------------- | -----------------
|300,000            | 0.32                 | July 28, 2007    
|995,251            | 0.70                 | July 30, 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  
|74,500             | 0.75                 | December 4, 2009 
|5,940,738          |                      |                  
|                   |                      |                  

During the
three months ended January 31, 2007, the Company extended the term of 300,000
fully vested share purchase warrants. In accordance with SFAS No. 123R,
modifications to the terms of an award are treated as an exchange of the
original award for a new award. Incremental compensation cost is measured as the
excess, if any, of the fair value of the original award immediately before its
terms are modified, measured based on the share price and other pertinent
factors at that date. The Company recognized an incremental compensation cost of
$75,316 for these modified share purchase warrants.

The fair value
of these share purchase warrants was estimated at the date of modification using
the Black-Scholes option pricing model using the following weighted average
assumptions: expected life of 0.5 years, expected volatility of 128%, expected
dividend yield of 0%, and a risk free interest rate of 4.93%.





F-21

---



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 January 31, 2007:



$2007
			
			15,0282008
			
			30,0572009
			
			3,02548,110


(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 January
31, 2007, the Company is committed to pay $30,000 over the next three 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 February 6, 2007, a non-related third party loaned the Company $42,300.
The amount due is unsecured, bears interest at 36% per annum and is due on
demand.

(b)  On February 8, 2007, the Company issued an additional 37,250 shares in
amendment to the private placement on December 5, 2006 as previously noted. Each
unit was amended to one share and one purchase warrant in the amount of $0.40
and $0.60 from $0.50 and $0.75, respectively.

(c)  On February 8, 2007, the Company issued 15,515 common shares to settle debt
of $8,533.

(d)  On February 8, 2007, the Company issued 375,000 units at a price of $0.40
per unit for proceeds of $150,000 that was recorded as common stock subscribed
as at January 31, 2007. See Note 11(b)(vi).

(e)  On February 13, 2007, a non-related third party loaned the Company $42,785.
The amount due is unsecured, bears interest at 36% per annum and is due on
demand.

(f)   On February 19, 2007, the Company issued 250,000 units at a price of $0.40
per unit for proceeds of $100,000. Each unit consists of one share of common
stock and one share purchase warrant. Each whole warrant entitles the holder to
purchase one additional common share at an exercise price of $0.60 per share for
a period of three years.





F-22

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

16. 
Subsequent Events (continued)

(g)  On March 5, 2007, the Company issued 250,000 units at a price of $0.40 per
unit for proceeds of $100,000. Each unit consists of one share of common stock
and one share purchase warrant. Each whole warrant entitles the holder to
purchase one additional common share at an exercise price of $0.60 per share for
a period of three years. The Company is to pay a finders' fee of $5,000 in
connection with this stock issuance.

(h)  On March 5, 2007, the Company issued 48,000 common shares for proceeds of
$35,000 pursuant to the exercise of stock options.

(i)  
On March 7, 2007, the Company issued 230,000 units at a price of $0.35 per unit
for proceeds of $80,500. Each unit consists of one share of common stock and one
share purchase warrant. Each whole warrant entitles the holder to purchase one
additional common share at an exercise price of $0.60 per share for a period of
three years.

(j)   On March 7, 2007, the Company issued 70,312 common shares to settle debt
of $45,000.





























F-23

---



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 shared platforms and our development efforts are focused on current and future releases of our products.  Research and development efforts significantly increased during fiscal 2006 and have decreased in fiscal 2007 as our platforms are near completion.



Employees. As of March 12, 2007, the Company employed 49 people, including 5 contractors on a part-time basis, and 6 employees are licensed REALTORS(R) or have real estate experience.

Revenues and expenses

The following table shows revenues and margins for the six months ended January 31, 2007, with comparative figures for the prior:

| |                            | Six months ended 
		 January 31, 2007 | % of Sales |  | Six months ended 
		 January 31, 2006 | % of Sales
| | -------------------------- | ------------------------------------- | ---------- |  | ------------------------------------- | ----------
| | Revenues:                  |                                       |            |  |                                       |           
| | Referrals                  | 352,870                               | 34.0       |  | 374,141                               | 46.0      
| | Membership & ClientBuilder | 524,039                               | 50.6       |  | 338,298                               | 41.5      
| | Wireless and mobility      | 158,117                               | 15.3       |  | 78,774                                | 9.7       
| | Other                      | 1,358                                 | 0.1        |  | 23,152                                | 2.8       
| |                            | 1,036,384                             | 100.0      |  | 814,365                               | 100.0     



25

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The following table shows revenues and margins for the three months ended January 31, 2007, with comparative figures for the prior:

| |                            | Three months ended 
		 January 31, 2007 | % of Sales |  | Three months ended 
		 January 31, 2006 | % of Sales
| | -------------------------- | --------------------------------------- | ---------- |  | --------------------------------------- | ----------
| | Revenues:                  |                                         |            |  |                                         |           
| | Referrals                  | 147,864                                 | 31.4       |  | 153,356                                 | 40.2      
| | Membership & ClientBuilder | 235,659                                 | 50.0       |  | 168,491                                 | 44.2      
| | Wireless and mobility      | 90,509                                  | 19.2       |  | 45,963                                  | 12.0      
| | Other                      | (3,044)                                 | (0.6)      |  | 13,659                                  | 3.6       
| |                            | 470,988                                 | 100.0      |  | 381,469                                 | 100.0     

Referral revenue decreased $5,491 (3.6%) from the three months ended January 31, 2006.  The decrease in referral revenues for the three months ended January 31, 2007 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's efforts 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.  This effort continues to recover declining referral revenues as management anticipated.  In addition the Company is shifting its focus from agent based revenue models to broker based revenue models.

Membership & ClientBuilder revenues increased $67,168 (39.9%) from January 31, 2006.  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 $44,546 (96.9%) from January 31, 2006.  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 January 31, 2006, 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 six months ended January 31, 2007, with comparative figures for the prior year:

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| |               | Six
		months ended 
		 January 31, 2007 | % of
		Sales |  | Six
		months ended 
		 January 31, 2006 | % of
		Sales
| | ------------- | --------------------------------------- | ------------ |  | --------------------------------------- | ------------
| | Revenues:     | 1,036,384                               | 100.0        |  | 814,365                                 | 100.0       
| | Gross Margin: | 617,867                                 | 59.6         |  | 346,868                                 | 42.6        

Gross margin for the six months
ended January 31, 2007 was $617,867 compared to $346,868 for the comparable
quarter ended January 31, 2006.

The following table shows
revenues and margins for the three months ended January 31, 2007, with
comparative figures for the prior year:

| |               | Three
		months ended 
		 January 31, 2007 | % of
		Sales |  | Three
		months ended 
		 January 31, 2006 | % of
		Sales
| | ------------- | ----------------------------------------- | ------------ |  | ----------------------------------------- | ------------
| | Revenues:     | 470,988                                   | 100.0        |  | 381,469                                   | 100.0       
| | Gross Margin: | 257,341                                   | 54.6         |  | 139,628                                   | 36.6        

Gross margin for the three
months ended January 31, 2007 was $257,341 (54.6%) compared to $139,628 (36.6%)
for the comparable quarter ended January 31, 2006.  Impacts of foreign exchange
rates cause changes in the Company's gross margin.  The Canadian dollar
strengthened over the prior year quarter which negatively influenced gross
margin (see Foreign Currency Impact). Wireless sales increased to 19.2% for the
three months ended January 31, 2007 compared 12.0% for the three months ended
January 31, 2006. As a percentage of total revenue, referral fees decreased to
31.4% for the three months ended January 31, 2007 from 40.2% for the three
months ended January 31, 2006.

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 50.0% for the three months ended January 31, 2007 compared to 44.2% for the three months ended January 31, 2006.

Gross margin on referral revenues have higher costs associated with it compared to our other revenue sources.  It is labor intensive, and therefore has a lower gross margin.  Our other sources of revenue have fewer costs associated with them, thereby having a higher gross margin.  As referral revenue decreases as a percentage of total revenue, total gross margin dollars will decrease, however, gross margin as a percentage of "overall" revenue would eventually increase due to our other higher gross margin revenue sources.

At this time, our direct labor associated with referral revenue is not currently operating at 100% capacity. With the addition of several major contracts, we anticipate higher volumes of referrals and higher referral revenue associated with it.  Unless we determine a need to reduce labor, our gross margin will decline as referral revenues decline.

Continued weakness in the U.S. dollar against 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 six months ended January 31, 2007, with comparative figures for the prior year:

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| |                                     | Six months ended 
		 January 31, 2007 | % of Sales |  | Six months ended 
		 January 31, 2006 | % of Sales
| | ----------------------------------- | ------------------------------------- | ---------- |  | ------------------------------------- | ----------
| | Amortization                        | 84,927                                | 8.2        |  | 90,792                                | 11.1      
| | Research and development            | 317,808                               | 30.7       |  | 364,013                               | 44.7      
| | Selling, general and administrative | 2,340,975                             | 225.9      |  | 1,051,625                             | 129.1     
| | Total operating expenses            | 2,743,710                             | 264.7      |  | 1,506,430                             | 184.9     

Amortization expense decreased slightly to $84,927 from the six months ended January 31, 2007. 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 decreased $46,205 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 122.6%
($1,289,350) from the six months ended January 31, 2006. The main factor for
this increase was non-cash stock compensation for the issuance and extension of
stock options and warrants, totaling $848,793. Excluding non-cash stock-based
compensation, the increase was 41.2% ($440,557).

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 $848,793 to the Company's net loss for the six months ended January 31, 2007.  This was due to increased professional fees, including: legal, accounting and audit.  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.

The following table shows operating expenses as a percentage of sales for the three months ended January 31, 2007, with comparative figures for the prior year:

| |                                     | Three months ended 
		 January 31, 2007 | % of Sales |  | Three months ended 
		 January 31, 2006 | % of Sales
| | ----------------------------------- | --------------------------------------- | ---------- |  | --------------------------------------- | ----------
| | Amortization                        | 38,036                                  | 8.1        |  | 45,458                                  | 11.9      
| | Research and development            | 110,872                                 | 23.5       |  | 202,487                                 | 53.1      
| | Selling, general and administrative | 1,499,914                               | 318.5      |  | 504,881                                 | 132.4     
| | Total operating expenses            | 1,648,822                               | 350.1      |  | 752,826                                 | 197.3     

Amortization expense decreased slightly to $38,036 from the three months ended January 31, 2006. 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 decreased $91,615 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 197.0% ($995,033) from the quarter ended January 31, 2006.  The main factor for this increase was non-cash stock compensation for the issuance and extension of stock options and warrants, totaling $738,053.  Excluding non-cash stock-based compensation, the increase was 50.9% ($256,980).  Professional fees increased

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approximately $115,000 from the prior year quarter.  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.

Working capital deficiency at January 31, 2007 was $1,508,576 compared to $898,623 at July 31, 2006.  See "Liquidity and Sources of Capital" for description of further funding anticipated in fiscal 2007.

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 January 31, 2007, 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.

'Liquidity and sources of capital

Working capital deficiency was $1,508,576 at January 31, 2007.

During the six-month period ended January 31, 2007 Most Home's operations used $608,037 in cash. Cash required by Most Home during the three months ended January 31, 2007 was generated through, short-term borrowings, loans, and capital raising activities (which generated $391,700, 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 January 31, 2008 will be met through the exercise of outstanding stock options and warrants, private placements of stock, subscriptions receivable, 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 January 31, 2007 are as follows:

|General and administrative | 400,000
|-------------------------- | -------
|Capital purchases          | 250,000

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|Product development          | 200,000  
|---------------------------- | ---------
|Debt and liability reduction | 1,000,000
|                             | 1,850,000

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.

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

30

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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.



























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

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 $2,125,843 for six months ended January 31, 2007, 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 January 31, 2007, Most Home incurred net losses of $9,022,211.  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 1.1380 for the six months ended January 31, 2007 compared to 1.1764 for the six months ended January 31, 2006. This represents an increase of approximately 3.4%, on an average yearly exchange rate basis, in the Company's expenses and cash disbursements over the six months ended January 31, 2007. The Company does not currently engage in foreign currency hedging activities.

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

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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 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.

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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.

Rules of the Securities and Exchange Commission concerning late report filings

On November 16, 2005, the SEC approved certain changes to NASD Rule 6530. As amended, NASD Rule 6530 provides that OTC Bulletin Board ("OTCBB") issuers who are late in filing their annual or quarterly reports three times within a 24-month period will be ineligible for quotation on the OTCBB. In order to regain eligibility under this rule, the issuer would need to timely file all of its annual and quarterly reports due in a one year period. The amended NASD Rule 6530 does not apply to annual or quarterly reports for periods ended before October 1, 2005.

We have been late in filing our quarterly and annual reports on two occasions subsequent to periods ending after October 1, 2005. If we are late in filing our annual or quarterly reports three times within a 24-month period, we may become ineligible for quotation on the OTCBB, which would negatively affect the market for our common stock. In addition, if our common stock is no longer eligible for quotation on the OTCBB, it may become more difficult for us to obtain additional equity financing as shares of our common stock will be less attractive to potential investors.

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 March 12, 2007, the exercise or conversion of which could result in the issuance 11,518,208 additional shares of common stock representing 26.3% 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.

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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 January 31, 2007:

None.  See Form 8-K filed on March 12, 2007.

Item 3. Defaults upon Senior Securities

None.

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

None

Item 5. Other Information

On November 1, 2006, the Company extended by 12 months the expiry date of 1,263,000 stock options held by three directors (Ken Galpin, Ken Landis and George Shahnazarian) and two employees.  The options were granted in November 2003 and originally had an expiry date of November 5, 2006, with the extension the options had an expiry date of November 5, 2007.

In December 2006 and January 2007, the Company loaned a total of US$25,975 (equivalent of CAD$30,000) from George Shahnazarian, a director of the Company, and another US$7,000 from the son of Ken Landis, a director of the Company.  The loans accrue interest at a rate of 10% per annum, are secured by a promissory note and repayable on demand.

On January 24, 2007, the Company extended by six months the expiry date of 300,000 outstanding warrants to purchase shares of common stock exercisable at $.324 per share held by David Smalley, a director of the Company, and his partners.  The warrants were issued in January 2002 and originally had an expiry date of January 28, 2007, with the extension the warrants now have an expiry date of July 28, 2007.

Also on January 24, 2007, the Company extended by six months the expiry date of 995,251 outstanding warrants to purchase shares of common stock exercisable at $.70 per share.  The warrants were issued pursuant to a private placement in January 2005 and originally had an expiry date of January 30, 2007, with the extension the warrants now have an expiry date of July 30, 2007.

In December 2006 and January 2007, the Company loaned a total of US$25,975 (equivalent of CAD$30,000) from George Shahnazarian, a director of the Company, and another US$7,000 from the son of Ken Landis, a director of the Company.  The loans accrue interest at a rate of 10% per annum, are secured by a promissory note and repayable on demand.

In February, 2007, the Company loaned a US$85,085 (equivalent of CAD$100,000) from a non-related third party.  The loan accrues interest at a rate of 36% per annum, is secured by a promissory note and repayable on demand.

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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











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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: March
		16, 2007 | By:            
|                       |                
|                       |                
|                       |                
|Date: March
		16, 2007 | By:            
|                       |                









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