Canadian Press says the Ontario government is considering allowing realtors to tell prospective home buyers the prices of other offers in bidding wars. Such a change would put an end to so-called blind bidding wars. This occurs when competing buyers guess at how much to offer bewcause they don’t know how much hs been bid. Queen’s Park launched a consultation Thursday examining the Real Estate and Business Brokers Act and that’s one rule they’re looking at changing.CP says the Ontario Real Estate Association has been pushing for a change to that rule and a broader review of the act, and they say they are thrilled consultations are underway.
