In Canada homebuyers have been blind bidding against each other for decades, but other countries around the world have their own way of selling houses. For instance, in Australia, the process is transparent…Tim Hudak, CEO of the Ontario Real Estate Association, says sellers in the province can opt for the auction process now, but it’s not a popular choice. “This very private personal information, like how much you can afford to pay, how much you’re going to have to borrow – not every buyer wants to sell that kind of personal information,” he says.
