Quote:
Originally Posted by Mazrim
The lack of supply is making people do silly things in the 500k range for sure. A place came up in Somerset on Thursday for $475,000 and sold on Friday for $511,000. Tough to get into the market if you're going to get outbid by these sudden no-conditions offers.
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Sub 500k listings in cities like Winnipeg and Halifax are often going for 100k-150k over with 20+ bids.
$475k listing going for $511k is pretty tame in comparison.