BIDDING WARS! TO BID OR NOT TO BID?

Sunday May 23rd, 2021

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Nearly one-third of Canadians (32%) have said that they would gladly plunge into the morass of bidding wars if it means securing their desired homes, according to a new survey commissioned on behalf of TD Bank Group.

This was particularly apparent among young adults aged under 35, of which around 51% are willing to offer above the listing price. By comparison, the share was 31% among those in the 35-54 age range, and only 18% among those 55 and older.

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