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Toronto's hot housing market drives big bidding wars in suburbs

from Globe and Mail

Kristen and John Large were expecting multiple offers on their semi-detached home, but they were shocked at the intense competition that followed. After a six-person bidding war, the couple sold to a buyer who had lost out on two other homes and was willing to pay $53,000 above their $518,000 asking price. That offer that came with no conditions, not even a home inspection. more


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