There’s nothing to stop a home-owner from listing his or her house at $749,900, getting six offers, turning them all away, and then re-listing at $899,900 the next day.

The public hates it, and although many won’t admit it, Realtors are tired of it as well.

Is there a solution?

Or can we just accept the pricing chaos in Toronto’s real estate market that has simply been accepted as “the norm?”

“What are they – runnin’ some kinda scam here?”...

Well first of all, they’re not condo co-ops, they’re just co-ops.  But this misconception remains that they are some sort of “condo-style” form of ownership, when in fact, they’re far from it.

A lot of my clients ask me rather bluntly, “What’s the deal with co-ops?” since the prices look too good to be true, and are clearly attractive.

Personally, I think they are in fact too good to be true, but in the end it depends...