HOME BUYERS, PATIENCE WILL SAVE YOU MONEY: It seems that during this time each year the Globe and Mail publishes a story about a crazy bidding war as buyer's flock into the market after the holidays. The reason these articles come out like clock work is because the same cycle keeps repeating itself. With less inventory than usual and buyers having taken a break over the holidays, they rush into the market all at once. Have a bit of patience and once more properties start coming up for sale, which they will, things will calm down and you'll find opportunities within the frenzy.
Toronto house hunters jumping in to the market early in 2016 - http://bit.ly/1PKmjX0