News Release

GTA Housing Market Stalls as Bidding Competition Hits Multi-Year Low

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TORONTO, ONT. —April 6, 2026 — The Greater Toronto Area housing market lost momentum in March, with buyer competition falling to its lowest level in years just as the spring season began.

New data from digital real estate platform Wahi shows just 6% of the 213 GTA neighbourhoods with at least five home sales were in overbidding territory (down from 7% in February), while 92% sold below asking and 2% sold at asking. This marks the weakest March for competition since Wahi began tracking in 2022 and a sharp drop from 20% overbidding levels seen in March 2025.

Single-family homes continue to outperform condos, with 14% of neighbourhoods seeing overbids versus just 1% for condos. Regionally, lower-priced markets are seeing more action: 31% of homes in Durham sold above asking, compared to just 15% in Halton.

There are also shifting local dynamics: west-end Toronto neighbourhoods like Bloor West Village and Trinity Bellwoods led overbidding activity, while affluent areas such as Rosedale and Forest Hill ranked among the most underbid.

The complete report, including downloadable charts, is available here.

Wahi economist Ryan McLaughlin is available to discuss what’s behind the slowdown and what it signals for the spring market.

About Wahi

Wahi redefines the homebuying experience by putting more power into consumers’ hands by combining cutting-edge tech and market data with a robust agent-first platform. Wahi continues to expand across key Canadian markets, combining local expertise with national scale.

News Media Contacts:

Kristin Doucet

Wahi

Tel: 877-207-4273

Kristin.Doucet@wahi.com