GTA bidding competition edges up but sellers still wait for a turn

September brought a noticeable uptick in GTA bidding competition—24% of homes sold above asking, compared to just 18% in August. The increased activity was most evident in single-family homes, while condos experienced a bit less intensity. However, it’s important to note that the majority of properties still sold below list price. For me, this signals a typical seasonal boost in buyer interest rather than a fundamental market shift. Drawing on two decades of local insight and a background in both real estate and mortgage strategy, I always keep an eye on these trends to guide clients through the nuances of GTA neighborhoods—whether you’re navigating the single-family market, exploring condos, or considering preconstruction opportunities.