The two-bedroom home has a family room on the main level and another space for entertaining in the basement.This semi-detached bungalow near Southcentre Mall could only fit in about 40 private tours while the tenant was away over one weekend in April. Once every available time slot was reserved, other potential buyers were turned away, though the waiting list was 15 names long.
“We don’t have enough properties to house the people that are here, so we’re seeing escalating rents and we’re seeing home prices rise significantly as well, and buyers are getting increasingly aggressive to try to secure a property.” “We were expecting multiple offers based on the extreme lack of inventory and very high demand, but this surprised us all,” said Mr. Hill.