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Houses are frequently getting sold $300-400k above asking in the GTA, listers are intentionally low balling the asking price to strike bidding wars. Usually wh

Houses are frequently getting sold $300-400k above asking in the GTA, listers are intentionally low balling the asking price to strike bidding wars. Usually what happens is a seller sets the house up for viewings which are so packed you only get 15 minutes. Then they take offers 2-3 days from the initial listing date, where you will compete with at least 10 other offers (usually a lot more) in a blind bid. There is not room for conditions like a home inspection and home inspectors are actually going out of business because of it.

tristor 5y ago
> There is not room for conditions like a home inspection and home inspectors are actually going out of business because of it. Wow, that is truly ridiculous. I guess as the saying goes, "it can always be worse". I'm glad I'm not trying to buy in GTA, at least. This is not a tenable and sustainable situation though, at some point people will be fed up enough it'll cause the break down of societies.