LandlordBC opposes biddwell.com with the association’s David Hutniak telling the Vancouver Sun that it “has concerns about any app that would facilitate or could encourage bidding wars.”
Biddwell disputes that its service will lead to bidding wars, due to the use of sealed bids. Co-founder and CEO Jordan Lewis says his service is about giving tenants “a voice” while helping landlords to find quality tenants.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Bradford West Gwillimbury, Saint-Joseph-de-Coleraine, Gronlid, Ardoise, Small Point
A new online service which allows tenants to submit sealed bids to landlords has raised fears that increased bidding wars will be bad news for the Vancouver rental market.