Trudeau might not be able to stop blind bidding on real estate

The bidding process can be difficult for home buyers, especially when the real estate market is this hot and bidding wars are the norm.

Prime Minister Justin Trudeau says he’ll make the process more transparent by ending blind bidding.

We’ve been getting monthly updates from the ground floor from Realosophy Realty’s John Pasalis and Oakwyn Realty’s Steve Saretsky, who help make sense of it all, with advice for anyone buying or selling a home.

Also See: The latest real estate news for housing prices, mortgage rates, markets, luxury properties and more at Yahoo Finance Canada.

They say the bidding process is a provincial matter and he might not be able to get them on board.

If you have questions, email them to jessybains@yahoofinance.com and John or Steve will answer them on the next episode.

Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.

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