{"id":286744,"date":"2023-06-12T18:39:58","date_gmt":"2023-06-12T18:39:58","guid":{"rendered":"https:\/\/wahi.com\/ca\/en\/?p=286744"},"modified":"2023-10-12T20:48:45","modified_gmt":"2023-10-12T20:48:45","slug":"want-to-avoid-a-bidding-war-try-these-toronto-neighbourhoods","status":"publish","type":"post","link":"https:\/\/wahi.com\/ca\/en\/learning-centre\/real-estate-101\/buy\/bidding-war-toronto-neighbourhoods\/","title":{"rendered":"Want to Avoid a Bidding War? Try These Toronto Neighbourhoods"},"content":{"rendered":"

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Home prices are getting bid up in the vast majority of the Greater Toronto Area\u2019s neighbourhoods now \u2014 but digital real estate platform Wahi highlights a handful of affordably priced communities where properties still sell below asking.<\/p>\n

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By Josh Sherman<\/a>\u00a0<\/span>| 3 minute read<\/p>\n

[\/et_pb_text][et_pb_post_title title=”off” author=”off” date_format=”M j” categories=”off” comments=”off” featured_image=”off” _builder_version=”4.18.0″ _module_preset=”default” custom_margin=”||26px|||” global_colors_info=”{}”][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”0px||3px|||” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width_tablet=”” width_phone=”100%” width_last_edited=”on|desktop” custom_padding=”0px||9px|||” global_colors_info=”{}” width__hover_enabled=”off|desktop”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9mZWF0dXJlZF9pbWFnZSIsInNldHRpbmdzIjp7fX0=@” align=”center” force_fullwidth=”on” _builder_version=”4.18.0″ _dynamic_attributes=”src” _module_preset=”default” custom_margin=”1px||29px|||” border_radii=”on|32px|32px|32px|32px” border_radii_tablet=”on|32px|32px|32px|32px” border_radii_phone=”on|0px|0px|0px|0px” border_radii_last_edited=”on|desktop” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” text_font_size=”1.13rem” text_line_height=”1.75rem” custom_margin=”-18px||2px|||” custom_padding=”||7px||false|true” custom_padding_tablet=”||7px||false|true” custom_padding_phone=”|15px|7px|15px|false|true” custom_padding_last_edited=”on|phone” text_font_size_tablet=”1.13rem” text_font_size_phone=”0.9rem” text_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

Bidding over the asking price on available homes on the resale market is becoming more common in an increasing number of neighbourhoods across the GTA.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”1px||39px|||” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”16px||16px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” min_height=”158.4px” text_font_size_tablet=”21px” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”36px” header_2_font_size_phone=”25px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

Competition among homebuyers is getting even tighter across the Greater Toronto Area during the spring real estate season as more neighbourhoods are entering overbidding territory, according to Wahi.<\/span><\/p>\n

 <\/p>\n

In May, 68% of GTA neighbourhoods landed in overbidding territory, new Wahi analysis found.\u00a0 That\u2019s up from 57% in April<\/a> and part of a longer-term trend that has been playing out for much of the year. Since February, the share of neighbourhoods in overbidding territory has been skyrocketing. To identify overbidding and underbidding neighbourhoods each month, Wahi compares the differences between list and sold prices for all types of homes, including condo units and houses.<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” background_color=”#edf7f3″ custom_padding=”32px||32px||true|false” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||25px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” header_2_text_align=”center” header_2_text_color=”#38505b” header_2_font_size=”2.63rem” header_2_line_height=”3.75rem” max_width=”800px” module_alignment=”center” hover_enabled=”0″ header_2_font_size_tablet=”32px” header_2_font_size_phone=”21px” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”3.75rem” header_2_line_height_phone=”32px” header_2_line_height_last_edited=”on|phone” global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

“Sellers who price their homes below true value are, for the most part, selling their homes quickly \u2014 and at or above the list price.”<\/strong><\/span><\/h2>\n

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Neighbourhoods with fewer than five transactions in a given month are excluded. Based on this criteria, 222 of 326 neighbourhoods were in overbidding territory last month. \u201cSellers who price their homes below true value are, for the most part, selling their homes quickly \u2014 and at or above the list price,\u201d says Wahi CEO Benjy Katchen.<\/span>\u00a0<\/p>\n

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The GTA’s Most Affordable Underbidding Neighbourhoods\u00a0\u00a0<\/b><\/h2>\n

<\/h3>\n

Despite the widespread presence of overbidding, a number of more affordably priced neighbourhoods fell within underbidding territory last month, including five where the median price was below $700,000:<\/span><\/p>\n

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1. York University Heights<\/a>, North York
Median sold price: $630,000
Median underbid amount: -$4,000<\/p>\n

<\/span><\/p>\n

<\/span><\/p>\n

 <\/p>\n

Just East of Jane and Finch community, York University Heights is bounded by Steeles Avenue West to the north, Dufferin Street to the east, Sheppard Avenue West to the south, and Derrydowns and Northwood Parks to the west. The neighbourhood \u2014 named for the 460-acre post-secondary campus in its northwestern section \u2014 is well connected to the rest of the city thanks to the recent completion of the York University subway station.<\/p>\n

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2. Yorkdale<\/a>, North York
Median sold price: $646,000
Median underbid amount: -$4,500<\/span><\/p>\n

\u00a0<\/span><\/p>\n

<\/span><\/p>\n

Located at the southwest corner of the Allen Road and Ontario Highway 401, this neighbourhood is packed with amenities. Yorkdale Shopping Centre, once the world\u2019s biggest indoor mall, has upwards of 250 stores. Many luxury brands have set up shop in the mall, but you don\u2019t need a high-end budget to call the surrounding neighbourhood home. A wave of proposed and ongoing condo development along Dufferin Street is adding to the local housing inventory.\u00a0<\/p>\n

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3. Erin Mills<\/a>, Mississauga
Median sold price: $660,000
Median underbid amount: -$14,000
<\/span>
<\/span>Erin Mills sits on the western border of Mississauga, next to Oakville. Like Yorkdale, the neighbourhood is anchored by a large mall. Erin Mills Town Centre boasts more than 200 shops and is the neighbourhood\u2019s hub for amenities. Also similar to Yorkdale, condo developments have been breaking ground around the mall in contrast to the established \u2014 and more expensive \u2014 suburban low-rise communities.\u00a0<\/span><\/p>\n

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4. Concord<\/a>, Vaughan
Median sold price: $670,000
Median underbid amount: -$9,000
<\/span>
<\/span>Just north of York University Heights and Black Creek, Concord Ontario is a suburban industrial district known for its relative affordability, especially compared to pricier pockets of Vaughan (such as Crestwood-Springfarm-Yorkhill<\/a>). The arrival of the Line 1 Yonge\u2013University subway extension, in 2017, has spurred more high-rise development in and around the community, boosting housing options for everyone from first-time buyers to empty nesters who are downsizing.\u00a0<\/span><\/p>\n

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5. <\/span>Smithfield-Clairville<\/span><\/a>, Etobicoke<\/span><\/p>\n

Median sold price: $695,500<\/span><\/p>\n

Median underbid amount: -$4,900<\/span>
<\/b>
<\/b>By Humber College\u2019s northern campus, Smithfield-Clairville has a mix of homes from student housing and single-family properties to older condos and more contemporary projects, including new builds. The Humber River, which weaves to the west of the neighbourhood, offers a green backdrop and lots of outdoor space to explore.<\/span><\/p>\n

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Beyond the top five, the underbid neighbourhoods with the lowest prices generally tended to have a higher concentration of condo units, which weighs down the median home price:<\/p>\n

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6. <\/span>Corktown<\/span><\/a>, Old Toronto<\/span>
<\/span>Median sold price: $700,000<\/span><\/p>\n

Median underbid amount: -$9,000<\/span><\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_padding=”||10px||false|false” custom_padding_last_edited=”off|desktop” text_font_size_tablet=”21px” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”36px” header_2_font_size_phone=”25px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

7. <\/span>St. Lawrence<\/span><\/a>, Old Toronto<\/span><\/p>\n

Median sold price: $710,000<\/span><\/p>\n

Median underbid amount: -$9,900<\/span><\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_padding=”||10px||false|false” custom_padding_last_edited=”off|desktop” text_font_size_tablet=”21px” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”36px” header_2_font_size_phone=”25px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

8. <\/span>Fort York<\/span><\/a>, Old Toronto<\/span><\/p>\n

Median sold price: $715,000<\/span><\/p>\n

Median underbid amount: -$11,500<\/span><\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_padding=”||10px||false|false” custom_padding_last_edited=”off|desktop” text_font_size_tablet=”21px” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”36px” header_2_font_size_phone=”25px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

\u00a09. <\/span>Thornhill<\/span><\/a>, Markham<\/span>
<\/span>Median sold price: $718,500<\/span><\/p>\n

Median underbid amount: -$4,000<\/span><\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_padding=”||10px||false|false” custom_padding_last_edited=”off|desktop” text_font_size_tablet=”21px” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”36px” header_2_font_size_phone=”25px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

10. <\/span>Liberty Village<\/span><\/a>, Old Toronto<\/span><\/p>\n

Median sold price: $721,250<\/span><\/p>\n

Median underbid amount: -$3,400<\/span><\/p>\n

[\/et_pb_text][et_pb_divider show_divider=”off” _builder_version=”4.18.0″ _module_preset=”default” height=”30px” custom_margin=”||-6px|||” locked=”off” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” background_color=”#f0faf4″ min_height=”334.8px” custom_padding=”3px||0px|||” global_module=”849″ saved_tabs=”all” locked=”off” global_colors_info=”{}”][et_pb_row custom_padding_last_edited=”on|phone” _builder_version=”4.20.2″ _module_preset=”default” custom_margin=”|auto|3px|auto||” custom_margin_tablet=”” custom_margin_phone=”” custom_margin_last_edited=”on|phone” custom_padding=”60px||43px||false|false” custom_padding_tablet=”” custom_padding_phone=”||65px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” header_2_text_align=”center” header_2_text_color=”#38505b” header_2_font_size=”2.63rem” header_2_line_height=”3.2rem” custom_margin=”||25px|||” custom_margin_tablet=”” custom_margin_phone=”||||false|true” custom_margin_last_edited=”on|phone” custom_padding=”||0px||false|false” header_2_font_size_tablet=”29px” header_2_font_size_phone=”2rem” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”3.75rem” header_2_line_height_phone=”2.5rem” header_2_line_height_last_edited=”on|desktop” locked=”off” global_colors_info=”{}”]<\/p>\n

We put the real<\/em> back in real estate.<\/span><\/h2>\n

[\/et_pb_text][et_pb_divider show_divider=”off” admin_label=”Divider” _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”||0px|||” locked=”off” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”Text” _builder_version=”4.20.2″ _module_preset=”default” text_text_color=”#e8db3a” text_font_size=”20px” text_orientation=”center” max_width_tablet=”” max_width_phone=”90%” max_width_last_edited=”on|phone” module_alignment=”center” min_height=”35.8px” custom_margin=”-24px||32px||false|false” custom_padding=”||||false|false” custom_padding_tablet=”” custom_padding_phone=”|26px||26px|false|true” custom_padding_last_edited=”on|phone” text_font_size_tablet=”” text_font_size_phone=”0.85rem” text_font_size_last_edited=”on|phone” module_alignment_tablet=”” module_alignment_phone=”center” module_alignment_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

Join Wahi today and find out how easy it is to get real estate in Ontario.<\/span><\/p>\n

[\/et_pb_text][et_pb_divider show_divider=”off” disabled_on=”off|off|off” admin_label=”Divider” _builder_version=”4.18.0″ _module_preset=”default” height=”5px” height_tablet=”” height_phone=”1px” height_last_edited=”on|phone” custom_padding=”||0px|||” locked=”off” global_colors_info=”{}”] [\/et_pb_divider][et_pb_button button_url=”\/ca\/en\/real-estate\/sign-up” button_text=”Get Started” button_alignment=”center” _builder_version=”4.20.2″ _module_preset=”default” custom_button=”on” button_text_size=”17px” button_letter_spacing=”1px” button_text_size_tablet=”” button_text_size_phone=”13px” button_text_size_last_edited=”on|phone” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”29px||0px|||” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||4px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.6em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” text_font_size_tablet=”21px” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”29px” header_2_font_size_phone=”19px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

Markham Ranks Highest for Overbidding Neighbourhoods in the GTA
<\/b><\/h2>\n


Once again, Markham dominated the list of most-overbid neighbourhoods, capturing four of the top five slots, with Seaton Village, in Toronto, the lone outlier. Neighbourhoods are ranked according to calculations based on percentage changes between list and sale prices.<\/span><\/span><\/em><\/p>\n

<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.20.2″ _module_preset=”default” width=”100%” custom_padding=”3px||4px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” width=”100%” width_tablet=”100%” width_phone=”100%” width_last_edited=”on|phone” max_width=”80%” max_width_tablet=”80%” max_width_phone=”100%” max_width_last_edited=”on|desktop” module_alignment=”center” text_font_size_tablet=”16px” text_font_size_phone=”12px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”36px” header_2_font_size_phone=”25px” header_2_font_size_last_edited=”on|phone” module_alignment_tablet=”center” module_alignment_phone=”left” module_alignment_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n
Rank<\/span><\/td>\nNeighbourhood, Municipality<\/span><\/td>\nOverbid %<\/span><\/td>\nMedian overbid amount<\/span><\/td>\nMedian sold price<\/span><\/td>\n<\/tr>\n
1<\/span><\/td>\nWismer<\/span><\/a>, Markham<\/span><\/td>\n25%<\/span><\/td>\n$300,000<\/span><\/td>\n$1,393,000<\/span><\/td>\n<\/tr>\n
2<\/span><\/td>\nRaymerville<\/span><\/a>, Markham<\/span><\/td>\n22%<\/span><\/td>\n$303,000<\/span><\/td>\n$1,718,800<\/span><\/td>\n<\/tr>\n
3<\/span><\/td>\nCathedraltown<\/span><\/a>, Markham<\/span><\/td>\n20%<\/span><\/td>\n$305,000<\/span><\/td>\n$1, 735,000<\/span><\/td>\n<\/tr>\n
4<\/span><\/td>\nSeaton Village<\/span><\/a>, Toronto<\/span><\/td>\n20%<\/span><\/td>\n$266,000<\/span><\/td>\n$1,481,800<\/span><\/td>\n<\/tr>\n
5<\/span><\/td>\nButtonville<\/span><\/a>, Markham<\/span><\/td>\n14%<\/span><\/td>\n$240,000<\/span><\/td>\n$1,828,000<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”3px||4px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_padding=”10px||30px||false|false” text_font_size_tablet=”21px” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”36px” header_2_font_size_phone=”25px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

Factors such as low inventory levels relative to recent years, plus sellers listing homes below market value to attract multiple offers, have contributed to the overbidding witnessed across Markham this year.\u00a0\u00a0<\/span>
<\/em><\/p>\n

<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||4px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.6em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” text_font_size_tablet=”21px” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”29px” header_2_font_size_phone=”19px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

High-End Neighbourhoods Lead Underbidding Charge\u00a0<\/b><\/h2>\n

<\/span><\/p>\n


With an additional 7% of neighbourhoods selling at asking \u2014 meaning there wasn\u2019t a significant difference between median selling and list prices in those areas \u2014 only 25% of the neighbourhoods analyzed were in underbidding territory. As has been the case in previous months, the top neighbourhoods for underbidding tended to be in wealthier communities, typically known for larger detached homes:<\/span><\/p>\n

<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.20.2″ _module_preset=”default” width=”100%” custom_padding=”2px||4px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” width_tablet=”” width_phone=”100%” width_last_edited=”on|phone” max_width=”80%” max_width_tablet=”80%” max_width_phone=”100%” max_width_last_edited=”on|desktop” module_alignment=”center” text_font_size_tablet=”16px” text_font_size_phone=”12px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”36px” header_2_font_size_phone=”25px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

\u00a0<\/span><\/p>\n\n\n\n\n\n\n\n\n
Rank<\/span><\/td>\nNeighbourhood<\/span><\/td>\nUnderbid %<\/span><\/td>\nMedian underbid amount<\/span><\/td>\nMedian sold price<\/span><\/td>\n<\/tr>\n
1<\/span><\/td>\nHoggs Hollow<\/span><\/a>, North York<\/span><\/td>\n-5%<\/span><\/td>\n-$92,750<\/span><\/td>\n$1,705,000<\/span><\/td>\n<\/tr>\n
2<\/span><\/td>\nSouthwest Oakville<\/span><\/a><\/td>\n-4%<\/span><\/td>\n-$84,000<\/span><\/td>\n$1,842,500<\/span><\/td>\n<\/tr>\n
3<\/span><\/td>\nOld Oakville<\/span><\/a><\/td>\n-3%<\/span><\/td>\n-$79,000<\/span><\/td>\n$2,350,000<\/span><\/td>\n<\/tr>\n
4<\/span><\/td>\nVales of Humber<\/span><\/a>, Brampton<\/span><\/td>\n-3%<\/span><\/td>\n-$63,500<\/span><\/td>\n$2,300,000<\/span><\/td>\n<\/tr>\n
5<\/span><\/td>\nForest Hill<\/span><\/a>, Old Toronto<\/span><\/td>\n-2%<\/span><\/td>\n-$62,500<\/span><\/td>\n$3,220,000<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span><\/p>\n

[\/et_pb_text][et_pb_divider show_divider=”off” _builder_version=”4.18.0″ _module_preset=”default” height=”30px” locked=”off” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”33px||33px||true|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Josh Sherman” image=”https:\/\/wahi.com\/wp-content\/uploads\/2022\/11\/Screen-Shot-2022-11-02-at-7.46.57-PM.png” icon_placement=”left” _builder_version=”4.18.0″ _module_preset=”default” header_font_size=”24px” header_line_height=”1.2em” body_text_color=”#686E6E” body_line_height=”0em” width=”550px” max_width_tablet=”” max_width_phone=”” max_width_last_edited=”on|phone” module_alignment=”left” custom_padding=”2px||13px|||” header_font_size_tablet=”24px” header_font_size_phone=”20px” header_font_size_last_edited=”on|phone” header_line_height_tablet=”1.2em” header_line_height_phone=”1.4em” header_line_height_last_edited=”on|phone” custom_css_blurb_image=”width:64px;” global_colors_info=”{}”]<\/p>\n

Wahi Writer<\/p>\n

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Get the competitive edge you need<\/span><\/h2>\n

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