Blind Bidding

In my 13 years in the industry, I have never witnessed such bidding wars/multiple offers on properties from clients buying in Guelph, Cambridge, Halton, Peel, Toronto and the East End.  I've never had as many requests to put an offer in without financing conditions.  I remember one client being discouraged when he said there were 17 OFFERS!!  Crazy times!  

With all the government talk on how to curb debt, and ideas to try to slow down the market, read the article below, written by someone on the "ground floor", discussing a very interesting part of all these bidding wars that end up affecting how much the buyer spends.

ARE THE BLIND LEADING THE BLIND IN TORONTO’S RUNAWAY HOUSING MARKET