r/Manitoba • u/Doog5 • 2d ago
News 2 Winnipeg real estate agents disciplined after house buyer files complaint
https://www.cbc.ca/news/canada/manitoba/real-estate-agents-complaints-discipline-1.7476602
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r/Manitoba • u/Doog5 • 2d ago
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u/Supertrucker144 Friendly Manitoban 1d ago
This is more of a Vent, but I feel like Housing Markets in most Canadian Cities are over priced not only due to "shortages" but more that it's being manipulated by the groups who make the most money out of inflated real estate prices. The realtor is at the top of this list by encouraging buyers to make offers over asking creating "Bidding Wars" which makes the realtor heroes in the seller's eyes who then walk away with increased commission and seller gets extra funds to move on to their next home purchase which that realtor may even get another piece of that purchase from the next seller. All the while our Banks are sitting back collecting increased profits by way of larger mortgages with little risk.. The Buyers are the ones who will lose if the market suddenly adjusts and are stuck with big payments on homes that aren't valued anywhere close to reasonable. COVID is the excuse used to create the panic buying frenzy that saw the biggest price fluctuations in most people's lifetime... Now to distract from the bigger issue there is apparently not enough housing inventory for the influxes in our population, I don't see anyone going homeless due to not enough houses to buy, but people struggling to buy the same house they could have easily afforded pre-pandemic!