> He offers no evidence to his argument that houses are going for 6-figures above the asking price. This definitely is happening, but it's cherry-picked data.

> He offers no evidence to his argument that houses are going for 6-figures above the asking price. This definitely is happening, but it's cherry-picked data. I live in what's considered a desirable area for chinese people (warden and steeles), and the latest sales around my area have mostly been for 6 figures over asking, with some being as high as 200k over asking. But around Unionville (a posh neighbourhood a few mins north), sales have actually been under asking (although, to be fair, the asking prices there are typically >1.5M) Email me if you want a data source.