News Release

4 out of 5 GTA Home Sellers Now Settling for Less Than Asking

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TORONTO, ONT. —December 4, 2025 — The Greater Toronto Area’s housing market cooled again in November, with nearly every neighbourhood seeing homes sell below asking.

According to new data from digital real estate platform Wahi, nearly four out of five homes sold below asking. At the neighbourhood level, 97% of communities with at least five sales were underbid, the second-highest share since Wahi began tracking competition in 2022.

Only nine neighbourhoods saw homes sell above asking ー almost all with median list prices under $1 million, suggesting that what little competition remains is concentrated in more affordable pockets. Meanwhile, luxury markets such as Eastlake and Southwest Oakville saw homes sell for between $16,000 and more than $100,000 below list prices.

The full analysis highlights the GTA’s most overbid and underbid neighbourhoods, revealing where buyers and sellers still hold the upper hand.

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

Wahi Economist Ryan McLaughlin is available to break down why underbidding remains near all-time highs and where buyer competition still exists in today’s market.

About Wahi

Wahi is a digital real estate platform that redefines the homebuying experience by putting more power into consumers’ hands by combining cutting-edge tech and market data with expert REALTORS®.

News Media Contacts:

Kristin Doucet

Wahi

Tel: 877-207-4273

Kristin.Doucet@wahi.com