I think he's implying that it means those houses are underpriced, to be snapped up at 100k over asking so easily. By comparison, a GTA home with a sale price o

I think he's implying that it means those houses are underpriced, to be snapped up at 100k over asking so easily. By comparison, a GTA home with a sale price of 1.5M regularly sells for 1.5-1.6. But last year it would have only cost 1.2M (not joking, I've been watching that market for about 3 years). In Toronto, real estate is religion. It's how a significant fraction of the population accrues wealth. And owning a home is held as the highest ideal. Also I agree, I would never waive an inspection.. but right now that's congruent with saying "I never want to buy a home".