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$1M no longer yields a luxury abode in Toronto

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Ephraim Vecina | 13 Feb 2017, 08:15 AM Agree 0
Intense bidding wars, which inflate sale prices to mind-boggling levels, now characterize the overheated Toronto housing market
  • ottawa | 13 Feb 2017, 11:58 AM Agree 0
    If the government wants to get involved in controlling the mortgage industry they should look at regulating RICO. This practice of creating bidding wars should cease immediately . The property should be listed as market value and permit potential buyers to view the property and not hold off bids until a certain date and time. This practice is over inflating house prices and increasing property taxes and making home ownership that more difficult for people to reach. The banks are already looking at not financing more than the list price so now what !!
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