Housing Market

This housing market is going nuts all over Ontario.
My wife and daughter were in Sarnia yesterday , there they met with my wife's brother for coffee, he sells real estate, he mentioned that he just sold a house in Point Edward , that listed for $598 thousand , for $ 102 thousand over asking price, 14 bidders were in on it's sale.
He said that he has one customer that has bought 5 houses from him on spec and has sold one of them for a very hefty profit.
One thing that is surprising is that a lot of his customers are coming from the central Ontario area

Thought about seling my place and moving... but its pointless... everything is soo pricey id be no further ahead.

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Neighbor across the street just sold their home in 5 days. The listing started at $525K and sold for $675K with 18 offers. They were really nice folks to meet,too,very friendly and outgoing with lots of questions about the neighborhood and neighbors. They've sold their place in Markham for $1.2M closing in 60 days. The guy really likes fishing,so,we should get along great. Maybe,he can teach me how to speak Mandarin. I always wanted to be tri-lingual. :D