GTA Homebuyer Competition Weakens Further

In Mid-Q3, just 2% of qualifying GTA neighbourhoods landed in overbidding territory, versus 3% in Early-Q3, signaling softer buyer competition across the market.
Among 267 qualifying GTA neighbourhoods, 97% were underbid and 1% sold at asking in Mid-Q3, showing bidding wars were rare across GTA.
The condo and single-family gap kept narrowing: 95% of neighbourhoods with enough single-family sales were underbid, versus 98% of qualifying condo neighbourhoods.
An economist said Mid-Q3 had been one of GTA Real Estate’s quietest periods, and recently that pattern meant less competition for buyers.
Across 4.2K GTA homes sold in Mid-Q3, 79% changed hands below asking, versus 78% in Early-Q3, as single-family homes stopped bucking softer demand.