The situation has prompted bidding wars some experts suggest may be part of the landscape for the foreseeable future. "You could continue bidding and bidding and bidding, and just come back unsuccessful. CBC News interviewed a dozen real estate agents and tenants who described bidding wars on rental houses. Agents and renters in the Ottawa area interviewed by CBC News also described a desperate shortage of rental houses, with some encountering bidding wars. Livar said his experience made him wonder if some rental bidding wars are manufactured by landlords and agents, because "they know the situation they are playing with."

Source: CBC News July 11, 2021 07:52 UTC