Bidding wars break out in tight housing market
For a 100-year-old, the east Vancouver denizen doesn’t look too bad.The bone structure is solid, but the skin is sagging and more than a bit of plastic surgery is required. There are a few screws loose, too.The house near East 5th and Victoria is a fixer-upper, but that didn’t stop someone this week from paying $800,000 — $151,000 more than the list price — after a fierce bidding war for the property.The scenario is playing out across Vancouver in hot neighbourhoods such Read more [...]