GTA homebuyer competition has continued to ease as we moved into Mid-Q3. Only 2% of qualifying neighbourhoods in the GTA saw homes sell over asking—down from 3% earlier in the quarter. Out of 267 qualifying GTA neighbourhoods, 97% had homes go for under asking, and just 1% sold right at list price. Bidding wars have become increasingly rare, which has real implications for buyers and sellers alike. Whether you’re considering a condo or a single-family property, the gap between these segments is narrowing: 95% of single-family neighbourhoods and 98% of condo areas saw homes sell below asking. With 4,200 homes changing hands, 79% sold under list price—up slightly from 78% at the start of the quarter. As an experienced Realtor® with deep roots and mortgage expertise in the GTA, I keep a close eye on these shifts to help clients navigate changing market dynamics with confidence.
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