{"id":312531,"date":"2025-10-06T09:18:11","date_gmt":"2025-10-06T13:18:11","guid":{"rendered":"https:\/\/wahi.com\/ca\/en\/?p=312531"},"modified":"2025-10-06T09:18:11","modified_gmt":"2025-10-06T13:18:11","slug":"bidding-wars-return-to-some-pockets-of-the-gta-housing-market","status":"publish","type":"post","link":"https:\/\/wahi.com\/ca\/en\/learning-centre\/real-estate-101\/buy\/gta-market-pulse-september-2025\/","title":{"rendered":"Bidding Wars Return to Some Pockets of the GTA Housing Market"},"content":{"rendered":"\n[et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”0px||3px|||” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.20.2″ _module_preset=”default” width=”95%” max_width=”100%” custom_margin=”||-24px||false|false” 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More GTA<\/a> neighbourhoods entered overbidding territory in September, but the vast majority of homes are still selling below asking \u2014 especially condos. <\/span><\/p>[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _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_margin=”||11px|||” 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=”{}”]

By Josh Sherman<\/a>\u00a0<\/span>| 4 minute read<\/p>[\/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|||” da_disable_devices=”off|off|off” locked=”off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][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=”4.27.4″ _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=”4.27.4″ _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=”{}”]

Interest rates came down in September, while homebuying competition in the GTA went up. <\/span><\/p>[\/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=”32px||23px|||” da_disable_devices=”off|off|off” locked=”off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”11px||14px|||” 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=”4.27.4″ _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” 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=”{}”]

As the start of the normally busier fall market got underway, there was a noticeable uptick in bidding competition among homebuyers in the Greater Toronto<\/a> Area, though it was highly dependent on housing type and location.\u00a0<\/span><\/p>\n

 <\/p>[\/et_pb_text][et_pb_image src=”https:\/\/wahi.com\/wp-content\/uploads\/2025\/10\/wahi-market-pulse-bidding-trend-timeline-sept-2025.jpg” alt=”Wahi Market Pulse July 2025″ title_text=”wahi-market-pulse-bidding-trend-timeline-sept-2025″ force_fullwidth=”on” _builder_version=”4.27.4″ _module_preset=”default” min_height_tablet=”” min_height_phone=”” min_height_last_edited=”on|phone” custom_margin=”1px||-13px|||” locked=”off” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”11px||14px|||” 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=”4.27.4″ _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” 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=”{}”]

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This September, 8% of neighbourhoods across the region in which at least five homes changed hands were in overbidding territory, compared to just 1% in August. A remaining 92% were underbid, while 1% were selling at asking (percentages may not equal 100% due to rounding).<\/span><\/p>\n


\u201cWe shouldn\u2019t read too much into one month of more widespread overbidding activity, given the role seasonality plays,\u201d cautions Wahi Economist Ryan McLaughlin. <\/span>He also emphasizes that September\u2019s increase in homebuyer competition comes on the heels of an especially quiet August, one which matched a three-year high for underbidding<\/a>. \u201cHowever, the latest numbers do ultimately suggest that more homebuyers were involved in multiple-offer situations, and, if the trend persists, it could be an early sign of recovery,\u201d he adds.<\/p>\n

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The Bank of Canada\u2019s latest rate cut, on Sept. 17, potentially encouraged some homebuyers to make a move in the second half of the month. The cut was widely anticipated, including by Wahi\u2019s latest Rate Outlook Panel<\/a>. While the cut may not meaningfully improve affordability, it can improve market sentiment and homebuying intentions.<\/p>\n

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The month-over-month rise in overbidding was driven by demand for single-family properties, including detached and semi-detached houses as well as row and townhomes. In September, 10%, or 23, of the 228 neighbourhoods where five or more single-family homes sold were overbid, up from 4% during the previous month. Seventeen of these neighbourhoods were in the City of Toronto.<\/p>\n

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Unlike what was observed in the single-family segment, the beginning of the fall homebuying season didn\u2019t appear to boost the GTA\u2019s condo market.
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Not a single one of the 108 GTA neighbourhoods with five condo sales was in overbidding territory last month, with 98% underbid and an additional 2% selling at asking. This mirrors August, when 99% of the 102 neighbourhoods that met the five-sale minimum for condos were in underbidding territory.\u00a0<\/span><\/p>\n


When counting all transactions across the region regardless of neighbourhood, 82% of condos sold for less than the list price last month, versus 71% of single-family homes. While demand for single-family homes appeared to edge higher in September, the data suggest that the vast majority of GTA homes of all types continue to sell for less than the list price.
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