Bidding wars are still happening in Toronto. Young couples are becoming more and more desperate for a single family home and when you add the fact that there is a shrinking inventory, the result is a bidding war. Basic rule of supply and demand. Be careful if you get into a bidding war. Letting emotions get a hold of you during the bidding process could prove to be a bad decision. Overpaying for something and not only having buyer's remorse but an increased financial responsibility can take away from your new purchase - which should be a happy one.
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