Buyers are still offering way under asking price for homes in most parts of Toronto area

The number of homes changing hands in the Toronto area is finally creeping back up after many months of ghastly sales figures, but it seems that buye…

The number of homes changing hands in the Toronto area is finally creeping back up after many months of ghastly sales figures, but it seems that buyers still have more of an upper hand than they have in years when it comes to price.

This amounts to 88 per cent of the GTA that is now being underbid when looking geographically, while 70 per cent of homes sold over the course of the month regardless of address went for less than sellers had been hoping to get — up one per cent from September. Among these is the fact that alongside the marginal increases in underbidding over recent months, there has been a parallel uptick in overbidding, too, particularly in September.

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Real Estate Housing Market Condo Home For Sale Rent Prices Sales Ontario Canada Under Over Bidding Wars

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