Underbidding in Real Estate Markets in Ontario: Realty Co.

By: 600011 On: Dec 18, 2023, 5:04 PM


In the words of Wahi, a digital real estate company, underbidding occurs in numerous real estate sectors across Ontario. Wahi, which provides clients with a variety of real estate services, examined ten towns outside of the GTA, including Hamilton, Ottawa, London, Barrie, and three cities in Waterloo Region.The most bidding took place in St. Catharines, London, Barrie, and Guelph. However, this is still less than 3% of the asking price. According to Wahi CEO Benj Kachan, there is a trend of underbidding in high-priced home transactions across the province.