In Toronto housing market, ‘Everyone wants what other people want'

Monday Mar 20th, 2017


  During most spring markets in Toronto real estate, agents are flummoxed by the same phenomenon: Buyers tend to get especially enthusiastic about properties when they know that others want them. It works the other way around too: If bidders don’t get the sense that competitors are lurking, they begin second-guessing themselves. Did they miss an unmistakable defect that everyone else saw? It’s clearly human nature, says Christopher Bibby, an agent with Sutton Group... [read more]