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Toronto housing market: Bidding wars are back

Posted on 23 March 2012

Toronto homebuyers, brace for another spring of bidding wars. Real estate listings remain so tight that half of detached homes in the “coveted” $600,000 to $900,000 price range in high-demand Toronto neighbourhoods are selling over the asking price — and the peak spring season hasn’t even begun.
“Bidding war fatigue” has already forced some would-be buyers to retreat from a market that could be even hotter this spring than last, according to a new report from ReMax that points to unusually strong activity this early in the year………………………………………..Full Article: Source


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