Name: Bidding wars for rental units becoming norm in Toronto and Vancouver
Uploaded: 2021-08-30T00:00:00.000Z
Duration: 1 min 21 s
Channel: Roomvu.com
Description: Bidding wars for rental units becoming norm in Toronto and Vancouver

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The supply of homes has improved, but the demand is still high; home prices are expected ↑ 16% by the end of 2022. There are people that have never had this much equity in their homes.
There’s a lot more equity to tap into these days, which is much different from foreclosures during the Great Recession. Homes are getting snatched off the market fast, so if planning to sell, have a plan for the next move.
Some are renting after selling, some are sitting on the money, but most don't have regrets. There are creative offers these days: closing in 30-days or extra time to the seller to stay until they find somewhere else to go.

House prices projected to see 16% jump before 2022 finishes

Home prices projected to see 16% increase before the end of 2022

Bidding wars for rental units becoming norm in Toronto and Vancouver

Canada

Bidding wars for rental units becoming norm in Toronto and Vancouver

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