Why ‘Sold Over Asking’ is irrelevant in Toronto’s real estate market

Why ‘Sold Over Asking’ is irrelevant in Toronto’s real estate market

This phenomenon has captured the attention of the news media, who have crafted such intoxicating headlines as “GTA house goes for $400,000 over asking: ‘It was like a rock concert’” as seen in the Toronto Star, and “Toronto house sells for more than $1m over asking” as reported by Global News. Agents also cash in on the glamour, adding massive “Sold Over Asking” banners atop their sold signs. […]