Canada to ban foreigners from buying homes

Re:Canada to ban foreigners from buying homes by Valgrim on Thursday April 07, 2022 @03:29PM (#30949259)

But every house that is on the market IS being sold, even at outrageous price, because buyers don't believe the price hike will slow down anytime soon (why would they? this segment of the market is guaranteed to be protected by any government who wishes to get re-elected)

So you, the realtor, will sell every house you got anyway, so why not bump the price while you're at it?

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Re:Canada to ban foreigners from buying homes by AzzieElbab on Thursday April 07, 2022 @03:42PM (#30949463)

that is classic cause and effect. realtors are just tagging along. I bet even if they make realtors accept second highest price instead of first(aka google adds) the impact would be minimal overall

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Re:Canada to ban foreigners from buying homes by cpwright on Thursday April 07, 2022 @06:29PM (#30951098)

It isn't the Realtor accepting the price, it is the owner. At least in my state they are obligated to present every offer. Price is not the only dimension to factor in either. Just off the top of my head: (1) inspection contingency (2) mortgage contingency (or how much to make up for the appraisal) (3) timing for closing (4) lease back option

Can all affect what you would select, not just the price.

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