Mr. Douglas and Ms. Diez fell in love with and purchased a 1,300-square-foot duplex in a middle-class west Toronto neighborhood last month for $632,000. Like an increasing number of Canadian buyers, they sealed the deal after duking it out with several other couples who also wanted the house. They placed no conditions on their contract and finally paid 112 percent of the original list price of $555,000.
…. Stories of bidding wars, like the one this winter in which a young woman paid $1.18 million, or more than $400,000 over the asking price, for a suburban Toronto bungalow, have become common.