People shopping houses in the Toronto market know what these houses sell for...

They like to keep the data secret. Helps drive the hype train

The two sides have been fighting for years over who should have access to detailed data about home sales. The bureau argues that the Realtor group limits competition and subsequently keeps costs high by restricting access to data on its proprietary Multiple Listing Service, on which more than 90 per cent of all Canadian home sales get processed.

TREB "restricts how its member agents provide information to consumers, such as previous listings and previous sale prices, thereby denying agents the ability to introduce new and innovative real estate brokerage services using the Internet," is how the bureau put it in a release Thursday.

http://www.cbc.ca/news/business/treb-housing-data-competition-bureau-1.3557504



The data won't be secret any longer.

For the moment the buyer's aren't well informed. But they soon will be.

I once again point to my case: If I had known that the whole neighbourhood I was looking at was about $50K over my budget, I wouldn't have bothered with that area.

One thing I do know is that I shouldn't even bother with places like Mississauga Road. But this was Bristol and McLaughling. Where houses were advertised in the 600ks and 700ks but they ALL sold in the 800ks this year. Now, not all neighbourhoods are like that. Houses around 9th line, at the extreme west border of Mississauga, list in the 600s and 700s and they do sell in that price range.

I ended up around Hurontario and Eglington within my budget.

Houses sell for over asking? No shit?

this totally depends on the area and what the listing price is.
They don't always sell for over asking. Based on the selling prices i get (via email) I've noticed many selling under lately. Could be because people are getting greedy and asking too much. Could be certain areas are cooling off. Or a combo of that and other factors.

The stupidest thing are those "sold over asking " sign.

Houses sell for over asking? No shit?

thanks for the story but decided to read this one instead:

http://www.metronews.ca/news/ottawa/2016...humiliated.html

I got mine ... UNDER asking.

We both must be lucky, cause I got mine for 15k under asking Definitely not the norm, especially in this neighbourhood.

$19K under for mine. So almost the same as you. I wonder if some people do better than a mere $20K under asking in this market.

I think one reason I was able to pull this off is because I bought before the spring rush and the person was desperate to sell due to divorce.