{"id":315409,"date":"2026-04-06T09:02:46","date_gmt":"2026-04-06T13:02:46","guid":{"rendered":"https:\/\/wahi.com\/ca\/en\/?p=315409"},"modified":"2026-04-06T09:02:48","modified_gmt":"2026-04-06T13:02:48","slug":"the-greater-toronto-areas-housing-market-stalls","status":"publish","type":"post","link":"https:\/\/wahi.com\/ca\/en\/learning-centre\/real-estate-101\/buy\/gta-market-pulse-march-2026\/","title":{"rendered":"The Greater Toronto Area\u2019s Housing Market Stalls"},"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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The slow start to spring in the Greater Toronto Area wasn\u2019t limited to the weather, as the real estate market showed signs of chilliness, too.<\/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=”{}”]

At the end of each month, digital real estate platform Wahi compares the differences between median list and sold prices to determine whether neighbourhoods are in overbidding or underbidding territory.<\/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=”{}”]

An earlier glimmer of overbidding activity in the Greater Toronto Area<\/a> has faded into faltering homebuying competition this March, suggests new analysis from Canadian digital real estate platform Wahi.<\/span><\/p>\n

 <\/p>[\/et_pb_text][et_pb_image src=”https:\/\/wahi.com\/wp-content\/uploads\/2026\/04\/wahi-market-pulse-timeline-march-2026.png” alt=”Wahi Market Pulse July 2025″ title_text=”wahi-market-pulse-timeline-march-2026″ 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|||” hover_enabled=”0″ locked=”off” global_colors_info=”{}” sticky_enabled=”0″][\/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=”{}”]

Some 6% of the 213 GTA neighbourhoods in which as least five homes changed hands were in overbidding territory last month, down from 7% of the 238 neighbourhoods that met the sales minimum in February. A remaining 92% of neighbourhoods across the region were in underbidding territory last month, while 2% were selling at-asking. <\/span>
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<\/span>This was the weakest month for homebuyer competition in at least four years (Wahi began tracking overbidding\/underbidding in July of 2022). The previous low for the month occurred in 2025<\/span>, when 20% of GTA neighbourhoods saw prices bid up.\u00a0<\/span><\/p>\n

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

\u201cJust when it seemed like the effects of economic uncertainty may have been fading, emerging geopolitical conflict appears to be spooking markets,\u201d says Wahi Economist Ryan McLaughlin. \u201cAdd to that the unseasonably cold weather to start spring and challenging-albeit-improved affordability, and there\u2019s a recipe for subdued housing activity,\u201d he adds.<\/span><\/p>\n

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

Divided by housing type, single-family homes outperformed condos by a wide margin. Some 14% of the 221 GTA neighbourhoods with at least five single-family home sales were overbid, compared to 1% of the 106 neighbourhoods with five condo sales.\u00a0<\/span><\/span>
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<\/b><\/p>[\/et_pb_text][et_pb_image src=”https:\/\/wahi.com\/wp-content\/uploads\/2026\/04\/wahi-market-pulse-pie-chart-march-2026.png” alt=”Wahi Market Pulse July 2025″ title_text=”wahi-market-pulse-pie-chart-march-2026″ 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|||” hover_enabled=”0″ locked=”off” global_colors_info=”{}” sticky_enabled=”0″][\/et_pb_image][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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Another way of gauging bidding activity is to look at what percentage of all sold listings are transacting for more than the list price. In March, 23% of all homes that sold did so for above the asking price, down from nearly one-third (31%) during the same month in 2025 \u2014 though there are some regional variations.<\/span><\/p>\n


For instance, Durham had the highest share of above-asking sales at 31% of all sold listings, while Halton had the lowest at just 15%. \u201cSimilar to what we\u2019ve seen at the neighbourhood level, regions with lower home prices are attracting more bidding competition than more expensive parts of the GTA,\u201d McLaughlin explains.<\/span>
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\u00a0<\/span><\/p>\n

The West is Best for Overbidding in March 2026\u00a0<\/b><\/h2>\n

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

In the first two months of the year, the strongest bidding competition was concentrated in Toronto\u2019s east end. In March, there was a shift in the opposite direction. <\/span>
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<\/span>Three of the top five neighbourhoods for overbidding were located in the city\u2019s west end (Runnymede, Bloor West Village, and Trinity Bellwoods).\u00a0<\/span><\/p>\n

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