Went to a big auction last week of 4 vacant lots in Seaforth. Big crowd – and quite a few registered bidders. Still had a clearance rate of 50% on the day, though the agent, Hookers, are looking good to tie the last two up in the next couple of weeks. From the size of the crowd that turned up on a roasting Saturday afternoon that would seem entirely likely.

Many buyers are still sitting on their hands at auction.