‘Bully Offers’ Eclipse Virus Woes in Canada’s Home Market
- Open houses canceled, but agents use virtual tours for clients
- In Vancouver, a home sees seven offers despite economic chaos
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A week into a pandemic that has forced a swath of Canada’s economy to shut down and wiped hundreds of billions of dollars off the nation’s stock market, a Vancouver mansion sold for C$150,000 ($105,000) over the asking price.
As the coronavirus upends the real estate business, along with everything else, the country’s indefatigable buyers are taking some pause -- but, so far, not much.