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 April 30, 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 June 12, 2007 the
Company had 33,114,774 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 Three and Nine Month Periods Ended April 30, 2007



























---



MOST HOME CORP.

|                                                                                                  | April 30,
		2007
		$
		(unaudited) |  | July 31,
		2006
		$
|------------------------------------------------------------------------------------------------- | ---------------------------------- |  | -------------------
|Assets                                                                                            |                                    |  |                    
|Current
		Assets                                                                                  |                                    |  |                    
|Cash                                                                                              | 8,214                              |  | 48,310             
|Accounts receivable, net of allowance for doubtful accounts of $Nil and
		$52,409, respectively   | 168,706                            |  | 194,809            
|Prepaid expenses                                                                                  | 178,870                            |  | 86,698             
|Due
		from related party (Note 10(a))                                                             | 30,785                             |  | 27,362             
|Total
		Current Assets                                                                            | 386,575                            |  | 357,179            
|Property
		and equipment (Note 4)                                                                 | 103,720                            |  | 124,939            
|Intangible
		assets (Note 5)                                                                      | 185,243                            |  | 275,930            
|Goodwill
		(Note 6)                                                                               | 754,892                            |  | 754,892            
|Total
		Assets                                                                                    | 1,430,430                          |  | 1,512,940          
|Liabilities
		and Stockholders' Equity (Deficit)                                                  |                                    |  |                    
|Current
		Liabilities                                                                             |                                    |  |                    
|Short-term
		borrowings (Note 7)                                                                  | 106,144                            |  | 47,750             
|Accounts payable                                                                                  | 755,890                            |  | 359,538            
|Accrued liabilities (Note 8)                                                                      | 893,496                            |  | 302,004            
|Loans payable (Note 9)                                                                            | 203,575                            |  | 251,613            
|Due
		to related parties (Note 10(b))                                                             | 156,447                            |  | 17,154             
|Deferred revenue                                                                                  | 182,158                            |  | 277,743            
|Total
		Current Liabilities                                                                       | 2,290,710                          |  | 1,255,802          
|Loans payable (Note 9)                                                                            | 4,418                              |  | -                  
|                                                                                                  |                                    |  |                    
|Total Liabilities                                                                                 | 2,302,128                          |  | 1,255,802          
|Going
		Concern (Note 1)                                                                          |                                    |  |                    
|Commitments(Note 14)                                                                              |                                    |  |                    
|Subsequent
		Events (Note 16)                                                                     |                                    |  |                    
|Stockholders' Equity (Deficit)                                                                    |                                    |  |                    
|Series A preferred stock, $0.001 par value;
		Issued and outstanding: Nil (2006 - 1,700,000)      | 1,700                              |  | 1,700              
|Common stock, $0.001 par value; Issued and outstanding:
		32,599,774 and 29,867,947, respectively | 32,600                             |  | 29,868             
|Additional paid-in
		capital                                                                      | 9,086,012                          |  | 7,135,179          
|Share subscriptions
		receivable (Note 10(a))                                                     | (43,469)                           |  | (43,469)           
|Accumulated deficit                                                                               | (9,870,838)                        |  | (6,896,368)        
|Accumulated other
		comprehensive gain (loss)                                                     | (77,703)                           |  | 30,228             
|Total
		Stockholders' Equity (Deficit)                                                            | (871,698)                          |  | 257,138            
|Total
		Liabilities and Stockholders' Equity (Deficit)                                            | 1,430,430                          |  | 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
		April 30, | For the nine
		months ended
		April 30,
|----------------------------------------------- | ---------------------------------------- | ---------------------------------------
|                                                | 2007
		$                                 |                                        
|Net
		Revenues                                  | 374,962                                  |                                        
|Cost of
		Revenues                              | 235,477                                  |                                        
|Gross
		Margin                                  | 139,485                                  |                                        
|Operating
		Expenses                            |                                          |                                        
|Amortization                                    | 38,014                                   |                                        
|Research and
		development                      | 137,892                                  |                                        
|Selling, general and
		administrative           | 812,207                                  |                                        
|Total
		Operating Expenses                      | 988,113                                  |                                        
|Net Loss
		for the Period                       | (848,628)                                |                                        
|Other
		Comprehensive Income (Loss)             | -                                        |                                        
|Foreign currency
		translation adjustments      | (78,194)                                 |                                        
|Comprehensive Loss                              | (926,822)                                |                                        
|Net Loss
		Per Common Share - Basic and Diluted | (0.03)                                   |                                        
|Weighted
		Average Common Shares Outstanding    | 31,108,000                               |                                        





















See accompanying notes to the
consolidated financial statements.

F-3

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



|                                                                                           | Series A Preferred Stock | Common Stock | Additional
			Paid-in | Share Subscriptions | Accumulated  | Accumulated
			Other
			Comprehensive | Total
			Stockholders'
			Equity
|------------------------------------------------------------------------------------------ | ------------------------ | ------------ | --------------------- | ------------------- | ------------ | ------------------------------------- | --------------------------------
|                                                                                           | Shares
			#              | Amount
			$  | Shares
			#           | Amount
			$         | Capital
			$ | Receivable
			$                       | Deficit
			$                    
|Balance,
		July 31, 2006                                                                   | 1,700,000                | 1,700        | 29,867,947            | 29,868              | 7,135,179    | (43,469)                              | (6,896,368)                     
|Common
		stock issued pursuant to the exercise of stock options                            | -                        | -            | 398,000               | 398                 | 99,002       | -                                     | -                               
|Common
		stock issued pursuant to the exercise of warrants                                 | -                        | -            | 36,750                | 37                  | 14,663       | -                                     | -                               
|Common
		stock issued for cash pursuant to private placements                              | -                        | -            | 2,211,250             | 2,211               | 937,789      | -                                     | -                               
|Common
		stock issued for the conversion of Series A Preferred stock                       | -                        | -            | -                     | -                   | -            | -                                     | -                               
|Common
		stock issued to settle debt                                                       | -                        | -            | 85,827                | 86                  | 53,350       |                                       |                                 
|Stock
		issuance costs                                                                     | -                        | -            | -                     | -                   | (21,616)     | -                                     | -                               
|Fair value
		of stock options vested, net of forfeitures                                   | -                        | -            | -                     | -                   | 189,286      | -                                     | -                               
|Incremental
		compensation cost of stock option and share purchase warrant
		modifications | -                        | -            | -                     | -                   | 678,359      | -                                     | -                               
|Foreign
		currency translation adjustment                                                  | -                        | -            | -                     | -                   | -            | -                                     | -                               
|Net loss
		for the period                                                                  | -                        | -            | -                     | -                   | -            | -                                     | (2,974,470)                     
|Balance,
		April 30, 2007                                                                  | 1,700,000                | 1,700        | 32,599,774            | 32,600              | 9,086,012    | (43,469)                              | (9,870,838)                     
|                                                                                           |                          |              |                       |                     |              |                                       |                                 













See accompanying notes to the consolidated financial statements

F-4

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|                                                                              | For the nine months ended
		April 30,
|----------------------------------------------------------------------------- | -------------------------------------
|                                                                              | 2007
		$                             
|Operating Activities                                                          |                                      
|Net loss for the
		period                                                     | (2,974,470)                          
|Adjustments to reconcile net loss to net cash used in operating
		activities: |                                      
|Amortization                                                                  | 122,941                              
|Bad
		debts expense                                                           | -                                    
|Income tax recovery                                                           | -                                    
|Stock-based compensation                                                      | 867,645                              
|Changes in operating asset and liabilities:                                   |                                      
|Accounts receivable                                                           | 29,257                               
|Prepaid expenses                                                              | (91,977)                             
|Due
		from related party                                                      | (3,423)                              
|Accounts payable                                                              | 438,011                              
|Accrued liabilities                                                           | 595,157                              
|Unearned revenue                                                              | (100,789)                            
|Net Cash
		Used In Operating Activities                                       | (1,117,648)                          
|Investing
		Activities                                                        |                                      
|Purchases of property and equipment                                           | (15,273)                             
|Acquisition of Executive Wireless, Inc., net of cash acquired                 | -                                    
|Software development costs                                                    | -                                    
|Net Cash
		Used In Investing Activities                                       | (15,273)                             
|Financing
		Activities                                                        |                                      
|Increase (decrease) in short-term borrowings                                  | 58,394                               
|Proceeds of loans payable                                                     | 281,785                              
|Repayment of loans payable                                                    | (325,405)                            
|Proceeds from issuances and subscriptions of common stock                     | 1,054,100                            
|Stock issuance costs                                                          | (21,616)                             
|Advances from related party                                                   | 223,110                              
|Repayments to related party                                                   | (84,139)                             
|Net Cash
		Provided By Financing Activities                                   | 1,186,229                            
|Effect of
		Exchange Rate Changes on Cash                                     | (93,404)                             
|Increase
		(Decrease) in Cash                                                 | (40,096)                             
|Cash,
		Beginning of Period                                                   | 48,310                               
|Cash, End
		of Period                                                         | 8,214                                
|Non-cash
		Investing and Financing Activities                                 |                                      
|Loans payable
		transferred to common shares                                  | 250,000                              
|Supplemental Disclosures:                                                     |                                      
|Interest paid                                                                 | 22,268                               
|Income taxes paid                                                             | -                                    



See
accompanying notes to the consolidated financial statements

F-5

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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 April 30, 2007 has an accumulated
deficit of $9,870,838. The Company also had a working capital deficit of
$1,911,135 as at April 30, 2007. Additional debt or equity financing of
approximately $3,000,000 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 that these sources will
provide the additional funds required for the next twelve months. See Note 16
for funds raised subsequent to April 30, 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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2.    Significant Accounting Policies (continued)

(c)  Use of Estimates

The preparation of
financial statements in conformity with U.S. generally accepted accounting
principles requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosure of contingent assets
and liabilities at the date of the financial statements and the reported amounts
of revenues and expenses during the reporting period. Actual results could
differ from those estimates. The Company regularly
evaluates estimates and assumptions related to useful life and
recoverability of long-lived assets, goodwill, accounts receivable,
stock-based compensation and deferred income tax asset
valuation allowances. The Company bases its estimates and assumptions on current
facts, historical experience and various other factors that it believes to be
reasonable under the circumstances, the results of which form the basis for
making judgments about the carrying values of assets and liabilities and the
accrual of costs and expenses that are not readily apparent from other sources.
The actual results experienced by the Company may differ materially and
adversely from the Company's estimates. To the extent there are material
differences between the estimates and the actual results, future results of
operations will be affected.

(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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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

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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 $(77,703) as at April 30, 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

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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 April 30, 2007, there are
4,380,720 outstanding stock options and 7,407,488 outstanding share purchase
warrants, which have all been excluded from the above calculations as they would
be anti-dilutive.

(r)   Stock-based
Compensation

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.

F-10

---





2.    Significant Accounting Policies (continued)

(s) 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 consisted of the
accumulated foreign currency translation adjustments.

(t)  Recent Accounting Pronouncements (continued)

In February 2007, the
Financial Accounting Standards Board ("FASB") issued SFAS No. 159, "The Fair
Value Option for Financial Assets and Financial Liabilities - Including an
Amendment of FASB Statement No. 115". This statement permits entities to choose
to measure many financial instruments and certain other items at fair value.
Most of the provisions of SFAS No. 159 apply only to entities that elect the
fair value option. However, the amendment to SFAS No. 115 "Accounting for
Certain Investments in Debt and Equity Securities" applies to all entities with
available-for-sale and trading securities. SFAS No. 159 is effective as of the
beginning of an entity's first fiscal year that begins after November 15, 2007.
Early adoption is permitted as of the beginning of a fiscal year that begins on
or before November 15, 2007, provided the entity also elects to apply the
provision of SFAS No. 157, "Fair Value Measurements". 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 SEC issued Staff Accounting Bulletin ("SAB") No. 108, "Considering the
Effects of Prior Year Misstatements when Quantifying Misstatements in Current
Year Financial Statements." SAB No. 108 addresses how the effects of prior year
uncorrected misstatements should be considered when quantifying misstatements in
current year financial statements. SAB No. 108 requires companies to quantify
misstatements using a balance sheet and income statement approach and to
evaluate whether either approach results in quantifying an error that is
material in light of relevant quantitative and qualitative factors. SAB No. 108
is effective for periods ending after November 15, 2006. The Company is
currently assessing the impact of adopting SAB 108 but does not expect that it
will have a material effect on its future reported financial position or results
of operations.

In September 2006,
the 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 over-funded
or under-funded 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.

F-11

---





2.    Significant Accounting Policies (continued)

(t)  Recent Accounting Pronouncements (continued)

In June 2006, the
FASB issued FASB Interpretation No. 48, "Accounting for Uncertainty in Income
Taxes, an interpretation of FASB Statements No. 109" ("FIN 48"). FIN 48
clarifies the accounting for uncertainty in income taxes by prescribing a
two-step method of first evaluating whether a tax position has met a more likely
than not recognition threshold and second, measuring that tax position to
determine the amount of benefit to be recognized in the financial statements.
FIN 48 provides guidance on the presentation of such positions within a
classified statement of financial position as well as on de-recognition,
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.

(u)  Reclassifications

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

4.    Property and Equipment

|                       | Cost
		$ |  | Accumulated
		Amortization
		$ |  | April 30,
		2007
		Net Carrying
		Value
		$ |  | July 31,
		2006
		Net Carrying
		Value
		$
|---------------------- | -------- |  | ------------------------------ |  | ------------------------------------------- |  | ------------------------------------------
|Computer hardware      | 306,414  |  | 237,984                        |  | 68,430                                      |  | 79,895                                    
|Computer software      | 55,879   |  | 54,302                         |  | 1,577                                       |  | 2,829                                     
|Leasehold improvements | 64,751   |  | 61,737                         |  | 3,014                                       |  | 6,762                                     
|Office equipment       | 103,180  |  | 72,481                         |  | 30,699                                      |  | 35,453                                    
|                       | 530,224  |  | 426,504                        |  | 103,720                                     |  | 124,939                                   
|                       |          |  |                                |  |                                             |  |                                           

Amortization expense totaled $37,441 and $42,296 for the nine months ended April
30, 2007 and 2006, respectively.





F-12

---





5.    Intangible Assets

|                  | Cost
		$ |  | Accumulated
		Amortization
		$ |  | April 30,
		2007
		Net Carrying
		Value
		$ |  | July 31,
		2006
		Net Carrying
		Value
		$
|----------------- | -------- |  | ------------------------------ |  | ------------------------------------------- |  | ------------------------------------------
|Customers         | 189,000  |  | 115,500                        |  | 73,500                                      |  | 120,750                                   
|Technology        | 204,000  |  | 93,500                         |  | 110,500                                     |  | 148,750                                   
|Development costs | 437,204  |  | 435,961                        |  | 1,243                                       |  | 6,430                                     
|                  | 830,204  |  | 644,961                        |  | 185,243                                     |  | 275,930                                   
|                  |          |  |                                |  |                                             |  |                                           

Amortization expense totaled
$85,500 and $154,287 for the nine months ended April 30, 2007 and 2006,
respectively.

6.    Goodwill

|                   | Cost
		$  |  | Accumulated Amortization
		$ |  | April 30,
		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 fiscal 2006 for additional costs incurred
relating to the acquisition of Executive Wireless, Inc.

7.    Short-term Borrowings

|                                                                                                                                            | April 30,
		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. | 19,818                |  | 47,750              
|Bank indebtedness                                                                                                                           | 79,161                |  | -                   
|                                                                                                                                            | 98,979                |  | 47,750              







F-13

---





8.    Accrued Liabilities

|                                | April 30,
		2007 
		$ |  | July 31,
		2006 
		$
|------------------------------- | --------------------- |  | --------------------
|Payroll deductions and benefits | 739,325               |  | 188,642             
|Professional fees               | 41,558                |  | 34,139              
|Research and development costs  | -                     |  | 30,733              
|Sales tax and other             | 112,613               |  | 48,490              
|                                | 893,496               |  | 302,004             

9.    Loans Payable

(a) A total 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.

(b) A total of $85,085 due to a non-related third party bears interest at 36%
per annum and is due on demand.

(c) A total of $5,960 (July 31, 2006 - $nil), with a current portion of $1,542,
due to a supplier of the Company.

10.   Related Party Transactions

(a) A total balance of $74,254 (July 31, 2006 - $70,831) is due from a company
with common officers and directors. This balance includes $4,405 (July 31, 2006
- $4,405) in principal loan balance receivable, share subscriptions receivable
of $43,469 (July 31, 2006 - $43,469) and accrued interest on the loan receivable
and share subscriptions receivable totaling $26,380 (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 $156,447 (July 31, 2006 - $17,154) due to a director bears
interest at 10% per annum, is secured by promissory notes and is due on demand.

11.   Capital Stock

(a)  Authorized:

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


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

F-14

---





11.   Capital Stock (continued)

(a)  Authorized: (continued)

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.

(b)  The capital
stock transactions for the nine month period ended April 30, 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 consisted 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 consisted 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.

F-15

---





11.   Capital Stock (continued)

(b)  The capital stock transactions for the nine month period ended April 30,
2007 are as follows (continued):

(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)  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.

(vii) On February 8,
2007, the Company issued 15,515 common shares to settle debt of $8,436.

(viii) On February 8, 2007, the Company issued 375,000 units at a price of $0.40
per unit for proceeds of $150,000. Each unit consisted 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.

(ix) 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 consisted 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.

(x)  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 consisted 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.

(xi)  On March 5, 2007, the Company issued 48,000 common shares for proceeds of
$14,400 pursuant to the exercise of stock options.

(xii) 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 consisted 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.

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

(xiv) On April 10, 2007, the Company issued 250,000 units at a price of $0.40
per unit for proceeds of $100,000. Each unit consisted 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 $0.65 per share for
a period of three years.

12.   Stock-based Compensation

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.

F-16

---





12.   Stock-based Compensation (continued)

Stock Compensation
Plans (continued)

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 1,354,173 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
1,080,280 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
		$ |  | Weighted Average Remaining Contractual Life (years) | Aggregate Intrinsic Value
		$
|-------------------------- | --------------------- |  | ------------------------------------- |  | --------------------------------------------------- | -----------------------------
|Balance, July 31, 2006     | 5,493,720             |  | 0.44                                  |  |                                                     |                              
|Granted                    | 20,000                |  | 0.50                                  |  |                                                     |                              
|Exercised                  | (398,000)             |  | 0.29                                  |  |                                                     |                              
|Forfeited                  | (735,000)             |  | 0.30                                  |  |                                                     |                              
|Balance, April 30, 2007    | 4,380,720             |  | 0.48                                  |  | 1.12                                                | 368,210                      
|Exercisable April 30, 2007 | 3,720,720             |  | 0.47                                  |  | 0.88                                                | 367,410                      

F-17

---





12.   Stock-based Compensation (continued)

A summary of the status of the Company's
non-vested shares as of April 30, 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                 | (370,000)          |  | 0.56                                          
|Nonvested, April 30, 2007 | 660,000            |  | 0.56                                          

As of April 30,
2007, $37,625 of stock-based compensation related to stock options remains to be
amortized over an estimated period of six months.

During the nine months ended April 30,
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.

Stock Option
Activity (continued)

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:



|                                                                                             |  |  |  | Nine Months Ended April 30,
		2006
		$
|-------------------------------------------------------------------------------------------- |  |  |  | --------------------------------------
|Net loss, as reported                                                                        |  |  |  | (1,914,389)                           
|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                                                                           |  |  |  | (2,034,389)                           
|Reported net loss per share, basic and
		diluted                                             |  |  |  | (0.08)                                
|Pro forma net loss per share, basic and
		diluted                                            |  |  |  | (0.08)                                

F-18

---





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
			April 30,
			2007 |  | Three months ended
			April 30,
			2006 |  | Nine months ended
			April 30,
			2007 |  | Nine months ended
			April 30,
			2006
|-------------------------------------------------- | --------------------------------------- |  | --------------------------------------- |  | -------------------------------------- |  | --------------------------------------
|Expected life                                      | 2 years                                 |  | 1.6
		years                             |  | 1 year                                 |  | 1.7
		years                           
|Expected volatility                                | 151%                                    |  | 203%                                    |  | 120%                                   |  | 201%                                  
|Expected dividend yield                            | 0%                                      |  | 0%                                      |  | 0%                                     |  | 0%                                    
|Risk free interest rate                            | 4.51%                                   |  | 480%                                    |  | 4.72%                                  |  | 4.29%                                 
|Grant or modification date fair value
		per option | $0.36                                   |  | $0.44                                   |  | $0.48                                  |  | $0.38                                 

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                  | 1,876,250            |  | 0.63                                     
|Exercised               | (36,750)             |  | 0.40                                     
|Balance, April 30, 2007 | 7,407,488            |  | 0.51                                     















F-19

---





13.   Share Purchase Warrants (continued)

As at April 30, 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  
|186,250            | 0.60                 | December 4, 2009 
|375,000            | 0.60                 | February 7, 2010 
|250,000            | 0.60                 | February 19, 2010
|250,000            | 0.60                 | March 4, 2010    
|230,000            | 0.60                 | March 6, 2010    
|250,000            | 0.65                 | April 10, 2010   
|7,407,488          |                      |                  
|                   |                      |                  

During the
nine months ended April 30, 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-20

---



MOST HOME CORP.

14.  Commitments

The Company's
minimum payments required under operating leases for premises and equipment are
as follows as at April 30, 2007:

$2007
			
			49,3752008
			
			87,4432009
			
			3,111139,929


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 May 4, 2007, 15,000 common shares were issued to an employee of the
Company for services rendered.

(b)  The Company received $200,000 for a subscription of 500,000 units at
$0.40 per unit.  Each unit will consist of one share of common stock and one
share purchase warrant.  Each share purchase warrant entitles the holder to
purchase one additional common share at an exercise price of $0.64 for a period
of three years.



















F-21



---



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 June 12, 2007, the Company employed 46 people,
including 2 contractors on a part-time basis, and 5 employees are licensed
REALTORS(R).

Revenues and expenses

The following table shows
revenues and margins for the nine months ended April 30, 2007, with comparative
figures for the prior:

| |                            | Nine months ended 
		 April 30, 2007 | % of Sales |  | Nine months ended 
		 April 30, 2006 | % of Sales
| | -------------------------- | ------------------------------------ | ---------- |  | ------------------------------------ | ----------
| | Revenues:                  |                                      |            |  |                                      |           
| | Referrals                  | 457,980                              | 32.5       |  | 516,518                              | 42.4      
| | Membership & ClientBuilder | 615,291                              | 43.6       |  | 539,583                              | 44.3      
| | Wireless and mobility      | 319,066                              | 22.6       |  | 126,640                              | 10.4      
| | Other                      | 19,010                               | 1.3        |  | 35,068                               | 2.9       
| |                            | 1,411,347                            | 100.0      |  | 1,217,809                            | 100.0     



22

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The following table shows
revenues and margins for the three months ended April 30, 2007, with comparative
figures for the prior:

| |                            | Three months ended 
		 April 30, 2007 | % of Sales |  | Three months ended 
		 April 30, 2006 | % of Sales
| | -------------------------- | ------------------------------------- | ---------- |  | ------------------------------------- | ----------
| | Revenues:                  |                                       |            |  |                                       |           
| | Referrals                  | 105,110                               | 28.1       |  | 142,377                               | 35.3      
| | Membership & ClientBuilder | 91,252                                | 24.3       |  | 201,285                               | 49.9      
| | Wireless and mobility      | 160,949                               | 42.9       |  | 47,866                                | 11.9      
| | Other                      | 17,651                                | 4.7        |  | 11,916                                | 2.9       
| |                            | 374,962                               | 100.0      |  | 403,444                               | 100.0     

Referral revenue decreased
$37,267 (26.2%) from the three months ended April 30, 2006.  The decrease in
referral revenues for the three months ended April 30, 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 is transitioning towards generating leads through third-parties, and
selling 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 decreased $110,033 (54.7%) from the three months ended April 30, 2006. 
This decrease is due to the Company changing its product and marketing strategy
away from agents and towards brokers. Implementation and resources for
completing projects have exceeded estimates; creating backlog in projects and
sales pipeline.  The Company expect further backlog in future periods until it
completes the development of a unified platform for its customers and obtains
sufficient capital to expand operations to meet demand.  The sales structure
under the broker centric model also contributed to the decline in membership and
licensing revenues. The sales structure under the broker model is comprised of a
license, shared transaction commissions and maintenance revenue.

Wireless and mobility revenue
increased $113,083 (236.2%) from the three months ended April 30, 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 April 30, 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 nine months ended April 30, 2007, with comparative
figures for the prior year:

| |               | Nine
		months ended 
		 April 30, 2007 | % of
		Sales |  | Nine
		months ended 
		 April 30, 2006 | % of
		Sales
| | ------------- | -------------------------------------- | ------------ |  | -------------------------------------- | ------------
| | Revenues:     | 1,411,347                              | 100.0        |  | 1,217,809                              | 100.0       
| | Gross Margin: | 757,353                                | 53.7         |  | 477,158                                | 39.2        

23

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The following table shows
revenues and margins for the three months ended April 30, 2007, with comparative
figures for the prior year:

| |               | Three
		months ended 
		 April 30, 2007 | % of
		Sales |  | Three
		months ended 
		 April 30, 2006 | % of
		Sales
| | ------------- | --------------------------------------- | ------------ |  | --------------------------------------- | ------------
| | Revenues:     | 374,962                                 | 100.0        |  | 403,444                                 | 100.0       
| | Gross Margin: | 139,485                                 | 37.2         |  | 130,290                                 | 32.2        

Gross margin for the three
months ended April 30, 2007 was $139,185 (37.2%) compared to $130,290 (32.2%)
for the comparable quarter ended April 30, 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
42.9% of total revenue for the three months ended April 30, 2007 compared to
11.9% for the three months ended April 30, 2006.  As a percentage of total
revenue, referral fees decreased to 28.1% for the three months ended April 30,
2007 from 35.3% for the three months ended April 30, 2006.  As a percentage of
revenue, membership and ClientBuilder sales decreased to 24.3% for the three
months ended April 30, 2007 compared to 49.9% for the three months ended April
30, 2006.

Changes in the sources of
revenue of the Company influence the gross margin percentage.

Gross margin on referral
revenues have higher costs associated with it compared to our other revenue
sources.  They are labor intensive, and therefore have a lower gross margin. 
Other sources of revenue have fewer costs associated with them, thereby having a
higher gross margin.  As referral revenue increases 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.

As the Company adds additional
brokers to its list of customers, higher volumes are anticipated for 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 nine months ended April 30,
2007, with comparative figures for the prior year:





24

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| |                                     | Nine months ended 
		 April 30, 2007 | % of Sales |  | Nine months ended 
		 April 30, 2006 | % of Sales
| | ----------------------------------- | ------------------------------------ | ---------- |  | ------------------------------------ | ----------
| | Amortization                        | 122,941                              | 8.7        |  | 132,841                              | 10.9      
| | Research and development            | 455,700                              | 32.3       |  | 584,371                              | 48.0      
| | Selling, general and administrative | 3,153,182                            | 223.42     |  | 1,674,335                            | 137.49    
| | Total operating expenses            | 3,731,823                            | 264.42     |  | 2,391,547                            | 196.38    

Amortization expense decreased
slightly to $122,941 from the nine months ended April 30, 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 $128,671 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 88.3% ($1,478,847) from the nine
months ended April 30, 2006.  The main factor for this increase was non-cash
stock compensation for the issuance and extension of stock options and warrants,
totaling $867,645.  Excluding non-cash stock-based compensation, the increase
was 41.0% ($611,202).

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 $792,329 to the Company's net loss for the
nine months ended April 30, 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's 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 April 30, 2007, with comparative figures for the prior year:



| |                                     | Three months ended 
		 April 30, 2007 | % of Sales |  | Three months ended 
		 April 30, 2006 | % of Sales
| | ----------------------------------- | ------------------------------------- | ---------- |  | ------------------------------------- | ----------
| | Amortization                        | 38,014                                | 10.1       |  | 42,049                                | 10.4      
| | Research and development            | 137,892                               | 36.8       |  | 220,358                               | 54.6      
| | Selling, general and administrative | 812,207                               | 216.6      |  | 622,710                               | 154.4     
| | Total operating expenses            | 988,113                               | 263.5      |  | 885,117                               | 219.4     

Amortization expense decreased
slightly to $38,014 from $42,049 for the three months ended April 30, 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 $82,466 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 30.4% ($189,497) from the quarter ended April 30,
2006.  The main factor for this increase was non-cash stock compensation for the
issuance and extension of stock options and warrants, totaling $18,852. 
Excluding non-cash stock-based compensation, the increase was 5.9% ($52,636). 
Professional fees increased approximately $4,000 from the prior year quarter. 
An increase in the

25

---



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
April 30, 2007 was $1,911,135 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
April 30, 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.

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.

26

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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.

Liquidity and sources of capital

Working capital deficiency was
$1,911,135 at April 30, 2007.

During the nine-month period ended April 30,
2007 Most Home's operations used $1,117,648 in cash. Cash required by Most Home
during the three months ended April 30, 2007 was generated through, short-term
borrowings, loans, and capital raising activities (which generated $1,032,484,
net of issuance costs, through the private sale of stock and the exercise of
stock options and warrants).

Management anticipates that cash flow
requirements for the twelve months ended April 30, 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 April 30, 2008 are as follows:

|General and administrative   | 1,400,000
|---------------------------- | ---------
|Capital purchases            | 200,000  
|Product development          | 200,000  
|Debt and liability reduction | 1,200,000
|                             | 3,000,000

Management anticipates raising $3,000,000 in capital to fund the operations in
addition to any capital raised for acquisition purposes.

Recent Accounting Pronouncements

In February 2007, the Financial
Accounting Standards Board issued Statement of Financial Accounting Standards
No. 159 ("FAS 159"), The Fair Value Option for Financial Assets and Financial
Liabilities, which permits entities to choose to measure many financial
instruments and certain other items at fair value which are not currently
required to be measured at fair value. FAS 159 is effective for financial
statements issued for fiscal years beginning after November 15, 2007, and
interim periods within those fiscal years. The Company does not expect the
adoption of FAS 159 to have an effect on its financial statements.

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

27

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

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



Item  3.
Controls and Procedures

Under the supervision and with
the participation of the Company's management, including the Company's Chief
Executive Officer and Chief Financial Officer, the Company has evaluated the
effectiveness of the design and operation of its disclosure controls and
procedures pursuant to Exchange Act Rule 13a-14(c) as of the end of

28

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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.























29

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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 10-KSB 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
$2,974,470 for nine months ended April 30, 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 April 30, 2007, Most Home incurred net losses of $9,870,838.  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 1.1446 for the nine months ended April 30, 2007
compared to 1.1676 for the nine months ended April 30, 2006. This represents an
increase of approximately 2.0%, on an average yearly exchange rate basis, in the
Company's expenses and cash disbursements over the nine months ended April 30,
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

30

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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.

31

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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 June 12, 2007, the exercise or conversion
of which could result in the issuance 11,788,208 additional shares of common
stock representing 34.5% 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.

Most Home may not be able
raise sufficient funds to close on an acquisition currently being considered.

Most Home is in the process of
signing a definitive agreement to purchase all the outstanding shares of a Call
Center with a purchase price of $30,000,000 plus an Earn Out based on meeting
revenue targets.  The

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consideration for the acquisition has been amended to
include a formula for Earned-Out-Shares that may result in a significant but
undetermined number of Most Home shares being issued.  Presently, there is only
a non-binding Deal Sheet Agreement in Principle signed on April 12, 2007.  As of
June 12, 2007 no formal agreement has been reached. The Company is currently
working on finalizing the Definitive Agreement and completing its due diligence
review to close the transaction.

Most Home needs additional
capital of $27,000,000 to close the acquisition.  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 (See also Rule
15g-9 above regarding penny stock risks).  Any debt offering will incur
substantial interest charges and terms may not be favorable to the Company.

















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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 April 30, 2007:

On April 11, 2007, we issued a
total of 250,000 shares of common stock and 250,000 share purchase warrants to
an accredited investor for total proceeds of $100,000.  Each warrant entitles
the investor to purchase one additional common share at an exercise price of
$0.65 per share for a period of three years from closing.

The securities were sold to the
accredited investors pursuant to Regulation 506 under the Securities Act of
1933, as amended.  All securities issued were issued as "restricted securities"
and were endorsed with a restrictive legend confirming that the securities could
not be resold without registration under the Act or an applicable exemption from
the registration requirements of the Act.  No commission paid in connection with
the private placement.  No general solicitation or general advertising was
conducted in connection with the sales of the securities.

(b) Subsequent to the three
months ended April 30, 2007:

In May 2007, we received
subscription proceeds of $200,000 from an accredited investor who is also an
existing shareholder.  The subscriber is purchasing a total of 500,000 shares of
common stock and 500,000 share purchase warrants, at a price of $0.40 per unit. 
Each warrant entitles the investor to purchase one additional common share at an
exercise price of $0.64 per share for a period of three years from closing.  We
are waiting for the proper paperwork to be completed before issuing the
securities.

The securities will be sold to
the accredited investor pursuant to Regulation 506 under the Securities Act of
1933, as amended.  All securities will be issued as "restricted securities" and
will be endorsed with a restrictive legend confirming that the securities could
not be resold without registration under the Act or an applicable exemption from
the registration requirements of the Act.  No commission is paid in connection
with the private placement.  No general solicitation or general advertising was
conducted in connection with the sales of the securities.



Item 3. Defaults upon Senior Securities

None.

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

The Annual Meeting of Shareholders was held on April 20,
2007, at which time the shareholders approved the following:

|1. | To elect a Board of Directors to
		hold office until the next annual meeting or until their successors are
		elected and qualified:
|-- | -----------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                    
|   | Kenneth Galpin                                                                                                                     
|   |                                                                                                                                    



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| |                     | For        | Withheld | 
| | ------------------- | ---------- | -------- | 
| | Ken Landis          | 24,866,812 | nil      | 
| | George Shahnazarian | 24,866,812 | nil      | 
| | David Smalley       | 24,866,812 | nil      | 
| | David Woodcock      | 24,866,812 | nil      | 



|   | For                                                                               | Against    | Abstain
|-- | --------------------------------------------------------------------------------- | ---------- | -------
|2. | Ratification of the appointment of
		Manning Elliott as our independent auditors. | 24,866,812 | nil    
|   |                                                                                   |            |        

Item 5. Other Information

On April 13 and 30, 2007, the
Company borrowed a total of US$90,082 (equivalent of CAD$100,000) from George
Shahnazarian, a director of the Company.  The loan accrues interest at a rate of
10% per annum, are secured by a promissory note and repayable on demand.

On June 8, 2006, the Company
announced that it has entered into a non-binding letter of intent to acquire all
the shares of a privately held, US-based call center operation ('the target') in
a cash and share transaction valued at $30,000,000. On October 24, 2006, the
Company announced an amended non-binding letter of intent to acquire all the
shares of the Target. This non-binding letter of intent has since expired;
however, on April 12, 2007 the Company and Target have signed a non-binding Deal
Sheet Agreement in Principle. The consideration has been amended to include a
formula for Earned-Out-Shares that may result in a significant but undetermined
number of Most Home shares being issued.  Presently, there is no formal
agreement.  The Company is currently working on finalizing the Definitive
Agreement and completing its due diligence review to close the transaction.



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: June
		19, 2007 | By:            
|                      |                
|                      |                
|                      |                
|Date: June
		19, 2007 | By:            
|                      |                







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