News Release

98% of GTA Neighbourhoods Sold Below Asking in August

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Homebuyers had already been holding the cards in the Greater Toronto Area, but they were dealt an even stronger hand in August as the share of neighbourhoods in underbidding territory matched a three-year high, according to a new report from digital real estate platform Wahi.

TORONTO, ONT. —September 4, 2025 — In August, 98% of GTA neighbourhoods with at least five sales saw homes sell for below asking, up from 95% in July and 89% a year earlier. This marks only the third time since Wahi began tracking the data in July 2022 that underbidding has been this widespread.

“The condo market downturn is part of the story, but we’re also seeing more underbidding activity in the single-family home segment,” says Wahi Economist Ryan McLaughlin. In fact, 94% of neighbourhoods with five or more single-family home sales were underbid in August, getting closer to the 97% of condo neighbourhoods.

Overall, 79% of homes across the GTA sold below list price in August, a clear sign that buyers remain in the driver’s seat.

The report also highlights the Top-5 underbidding neighbourhoods ( including York Mills and Rural Vaughan, both repeats from July) and notes that just four GTA neighbourhoods saw overbidding activity last month, in two cases by less than $2,000.

Download the full report with charts 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