Escalation Clauses in Montreal

[Brittany Debellis]

Hi all,

I am currently looking into purchasing a duplex/triplex in the Montreal area. The market is extremely hot, the last 2 offers I have put in were 20k+ over asking, and I was still outbid in both cases by and additional 30k over my offer. I have heard the Toronto has been accustomed to using escalation clauses, and I'm keen on using one for my next offer, however neither real estate agent I have spoken to has ever even heard of an escalation clause.

Anyone know if they are valid in Quebec? Or know any Montreal agents who use them frequently?