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Will Banning Blind Bidding Lower Real Estate Prices In Canada?

Canada’s Federal Government has proposed that if re-elected, they will ban the process of “Blind Bidding” in real estate.

Their opinion is that the Blind Bidding process “ultimately drives up home prices” and that an Open Bidding system would lower home prices to make them more affordable for Canadians.

In this video, Surrey REALTOR® Steve Karrasch of Macdonald Realty explores a CBC article fact checking this claim and he also explores the result of Open Bidding in Australia where it has been the norm for years.

Original Article: Fact Check: Would a blind bidding ban lower housing prices? 

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