Could Condo Auctions be the Next Real Estate Trend?

A condo auction was held in Canmore, on Saturday June 30th. Units in the Grande Rockies Resort Complex went up for bidding, closing at a range of $130,200 to $307,650 per unit.

All units required minimum bids and minimum reserve selling prices. It also included a qualification process for buyers, which means auction bids will probably hold up.

Click here to read the full article. Could this be the next big trend in real estate?