Sold sign at house in Hamilton

Hamilton saw second greatest yearly increase in home prices last month: report

The average sale price for a detached home in Hamilton was $1.06 million in April.

Luxury home in Hamilton, Ontario

April listings: Hamilton’s most and least expensive homes on the market

This month price tags varied from the low end of $399,000 to $3,999,999

house for sale sign

Changes including opt out choice on blind bidding coming to home buying in Ontario

The Canadian Press, April 19, 2022

TORONTO — The Ontario government is giving property sellers the option of disclosing the details of competing offers, but not going as far as to ban blind bidding.

Minister of government and consumer services Ross Romano said in a statement that sellers will get to choose if they want to “opt for an open offer process” and share bids.

“Sellers will no longer be limited to selling their property through a closed or traditional offer system,” he said.

Blind bidding, a practice where buyers bid for a home without knowing the size of competing offers, is pointed to by some as one of the drivers behind inflated home price gains. READ MORE >>