News Release

GTA Housing Market Shows Signs of Life as Overbidding Edges Higher

TORONTO, ONT. — May 5, 2026 — The Greater Toronto Area housing market showed early signs of renewed buyer competition in April, but overall activity remains subdued.

New data from digital real estate platform Wahi shows 13% of GTA neighbourhoods with five or more transactions were in overbidding territory in April, up from 6% in March. Meanwhile, 84% of neighbourhoods sold below asking and 2% at asking, highlighting that most of the market remains buyer-friendly.

Demand continues to be driven by single-family homes, as 21% of neighbourhoods with single-family sales saw overbidding, compared to just 3% for condos. More affordable homes, generally in the $1.2M to $1.4M range, are attracting the most competition, while higher-end areas remain underbid.

“The Greater Toronto Area’s typical spring market is decidedly on pause, but we are seeing pockets of persistent demand in the region… in particular, neighbourhoods with more affordably priced single-family homes,” says Wahi Economist Ryan McLaughlin.

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

Ryan McLaughlin is available to discuss what’s driving the recent uptick in competition and what it signals for the spring 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