Transparent real estate bidding could soon be a thing in Ontario.

Original article via Toronto Storeys. Click here to read.

With bid details hidden under a cloak, buyers can be misled into inflating offers in an effort to beat out competitors. This, of course, results in a bidding war and ultimately higher priced markets.

According to the government’s consultation documents, it’s been nearly 20 years since the act has been reviewed. So it’s no surprise that the government wants to review the rules.

No Comments

Post A Comment

Sign up for Toronto real estate property updates.


Join thousands of Torontonians who receive our automatic Toronto real estate property updates. Stop manually spending your time searching through listings, and let us send the properties that meet your criteria directly to your inbox.