BrantRealEstateNews.com

Call 226-400-6458 Now & Start Packing

The Openn Offers Pilot Project

Lexi Tysoski
Monday, May 16, 2022
The Openn Offers Pilot Project

With CREA announcing the new Openn Offers Pilot Project many are asking what it's all about and how it works. 

CREA has answered these questions in an article you can read on their Crea Café.

The New Pilot Program, starting in the summer will be similar to the program already set up in Australia and the US, but CREA notes that Canada's program will be "truly unique" with each province having it's own rules and regulations to follow. 

Although this program promises to make bidding more transparent, home owners will have the choice as to if they're offers are displayed to those interested in purchasing the home. On one hand this could create a more even playing field for those looking to buy a home as well as cut down on the amount of blind offers. On the other hand this could make it difficult to get a higher price for your home like what is happening now with buyers sending out higher offers than seems realistic. 

Our hopes are that more people will be able to purchase a home they enjoy, not just one they can afford because of the crazy market. Fingers crossed that this will be part of making Ontario homes more affordable.


Read More About the Openn Offers Pilot Project on CREA Cafe
 

Buyers: Get the Most Home for Your Money!

Here are the most popular home buyer resources on this site. Whether you are a first time buyer or an experienced investor, these links are sure to help you find your dream home at the best possible price.

We would like to hear from you! If you have any questions, please do not hesitate to contact us. We are always looking forward to hearing from you! We will do our best to reply to you within 24 hours !

You agree to receive property info, updates, and other resources via email, phone and/or text message. Your wireless carrier may impose charges for messages received. You may withdraw consent anytime. We take your privacy seriously.

We use cookies to provide you the best experience on our website. Click here to view our privacy policy. By continuing to use this site we assume your consent to receive cookies.