It is undeniable that housing costs have boomed tremendously worldwide. Canada is no exception, and on top of rising housing costs, real estate bidding wars can make purchasing your dream home even more difficult. Knowing the real estate bidding laws in Canada can help home buyers navigate through the home buying process.
Real estate bidding war rules in Canada have tried to prevent biased bidding wars. Under these rules, realtors are required to protect the clients’ interests and work to their advantage. With careful strategic decisions, you can avoid engaging in an intense bidding war or else win the best deal for your purchase without impacting your wallet adversely. Let’s dig in further to know more about it!