- By Nyle Brown
- Posted Tuesday, Feb 05, 2019 2:38 pm
Ontario home buyers may soon be able to find out the prices and conditions of other offers in bidding wars.
The government launched a consultation Thursday looking at the Real Estate and Business Brokers Act, and that's one rule they're looking at changing. Currently, if there are multiple bids on a home, the seller's broker can only disclose the number of competing offers, but not the details of them.
Through this method in a hot housing market, buyers often can blindly offer more than what they initially planned on spending in hopes of beating their competitor ... [READ MORE]