The results of a recent survey show that an increasing amount of Canadians are more than willing to fight it out to purchase a home, reports The Globe and Mail.
According to the results of the Bank of Montreal-issued survey, 34 per cent of Canadians have no qualms about getting involved in bidding wars. This total represents an increase of six points, or 21 per cent, from last year's results.
These findings indicate that competitive bidding is the highest in Toronto, at 44 per cent. Vancouver placed second, with 41 per cent of respondents saying they would be willing to enter the fray.
From a provincial perspective, buyers in the Prairies and British Columbia have the biggest desire to compete over home prices, with 38 per cent in both areas. Additionally, the survey also showed that current homeowners visited an average of 9.5 homes before deciding to make a purchase.
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