Buyer competition across the GTA has softened even further this Mid-Q3, with just 2% of qualifying neighbourhoods seeing homes sell above asking—a dip from 3% earlier in the quarter. Out of 267 neighbourhoods analyzed, 97% saw homes sell below their listed price, and only 1% matched the asking price. Bidding wars, once a hallmark of our local market, are now few and far between. What’s especially interesting for both single-family and condo buyers: the gap is narrowing. 95% of single-family neighbourhoods and 98% of condo areas saw underbidding. With 4,200 homes sold, 79% changed hands below asking—up from 78% early in Q3. For those navigating the GTA’s evolving landscape, it’s a quieter time than we’ve seen in a while. My approach has always been to help clients—whether newcomers, families, or seasoned investors—understand how shifts like these can open new doors, often without the frenzy that once defined our market.
Leave a Reply