WebApr 24, 2024 · Kocev discussed the blind bidding proposition during a roundtable organized by NOW with Toronto Regional Real Estate Board (TRREB) CEO John DiMichele, Ontario NDP housing critic Jessica Bell and ... WebAug 24, 2024 · Blind bidding has been blamed for contributing to the spike in home prices, by creating conditions where a winning bid can be much higher than a second-highest bid. ... The Ontario Real Estate ...
Buyers fed up with blind bidding, other shenanigans in red-hot
WebSep 24, 2024 · Indeed, blind bidding and other housing legislation falls on the responsibility of provincial and territorial governments, not the federal government. For example, in the province of Ontario, blind bidding is an acceptable practice for residential properties. Many experts agree that this should be a local issue rather than a “heavy-handed ... WebOct 15, 2024 · Blind bidding is the process of submitting an offer (a bid) without any knowledge of what the other potential buyers are offering (bidding). As an example: A house is listed at $999,000 and there are … cokesbury village hockessin delaware jobs
Why Ontario
WebApr 19, 2024 · TORONTO - The Ontario government is giving property sellers the option of disclosing the details of competing offers, but not going as far as to ban blind bidding. Minister of government and ... WebOct 3, 2024 · In a new poll commissioned by the CBC, the majority of respondents supported an end to this kind of bidding. The survey of … WebJun 5, 2024 · This, of course, primarily applies to Ontario since the provincial government recently made changes to the rules and regulations. Still, the same idea applies: if you do not like the home, you can walk away. ... Blind bidding allows you to make an offer and then wait for the thumbs up or thumbs down. CONS #1 Removal of Purchase Conditions . dr lisenby columbia mo