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

In September, 24% of Greater Toronto Area homes sold above asking, up from 18% in August, though only 6% of neighborhoods saw overbidding, near multi-year lows. Single-family homes had more competition than condos, with 28% selling above asking. The City of Toronto led with 28% of homes above asking. The increase is attributed to seasonal buyer interest rather than a market shift. Most homes still sold below list price.