Proposed Ontario regulations that could make the home bidding process more open may not address what real estate experts say is the core issue with the market — supply.that, if passed, would give home sellers the option to share bids on their property and disclose the details of competing offers.
The Ontario government's effort comes as the federal government attempts to introduce measures in its budget, which it hopes will make homebuying more affordable in Canada. Part of that also includes introducing aAlthough he doesn't believe an end to blind bidding will cool the housing market, Fleming says it will make people feel more comfortable with the process.
Royal LePage's home price survey also shows that the national aggregate home price was up 25.1 per cent year-over-year in the first quarter of 2022 at $856,900, the highest gain on record. There still, however, is "unprecedented" demand, with high levels of immigration and more people looking to get in or move up in the market contributing to it.
And Ban MPs from investing in houses! Conflict of interest!
Welcome to the housing boom....welcome to the lifestyle of the poor and homeless. What's Doug going to do about it? Same things all Cons do...nothing.
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Source: CP24 - 🏆 30. / 67 Read more »