News Release

GTA Homebuyer Competition Nears Multi-Year Low as Underbidding Dominates

TORONTO, ONT. — July 7, 2026 — The Greater Toronto Area housing market remains in favour of homebuyers, with bidding competition approaching a multi-year low.

New data from digital real estate platform Wahi shows that just 6% of GTA neighbourhoods with five or more resale transactions were in overbidding territory in June, down from 7% in May. Meanwhile, 93% of neighbourhoods sold below asking and 1% sold at asking, highlighting how widespread buyer-friendly conditions have become.

Condo bidding competition is nearly non-existent, with only one of 123 GTA neighbourhoods with at least five condo sales landing in overbidding territory. Single-family homes continue to see comparatively more competition, with 11% of neighbourhoods overbid, though the vast majority (88%) still sold below asking.

“While the scales are very much tipped in favour of homebuyers across most GTA neighbourhoods, there are some signs that could spark a bit more competition in the coming months,” says Wahi Economist Ryan McLaughlin. With new listings also hitting a multi-year low for June, McLaughlin notes that a continued decline in supply could eventually influence prices, though buyers currently have more room to negotiate, especially in the condo segment.

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

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