If you haven’t heard about this yet, I’m actually quite surprised.
It was on Facebook all last week, every Realtor, buyer, seller, and likely even their mothers were talking about it.
A house in Toronto was listed at $699,000, received 72 offers, and sold for $1,365,888. That was 195% of the asking price, and the house was priced at only 51% of the eventual sale price.
Let’s examine exactly what happened here…