September 2019

How does a 'bidding war' work when buying a property in Ontario?

Posted on Sep 17, 2019

In a Seller's market (more buyers than properties available to purchase) there can come a time when more than one offer is given for a property, and there becomes competition between buyers. This can result in what is called a 'bidding war' for the property. Don't confuse this with a real estate auction (which are rare in Ontario) 
A Bidding War does...

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