{"id":316143,"date":"2026-07-07T11:57:02","date_gmt":"2026-07-07T15:57:02","guid":{"rendered":"https:\/\/wahi.com\/ca\/en\/?p=316143"},"modified":"2026-07-07T12:08:14","modified_gmt":"2026-07-07T16:08:14","slug":"gta-real-estate-market-approaching-multi-year-low-for-homebuyer-competition","status":"publish","type":"post","link":"https:\/\/wahi.com\/ca\/en\/learning-centre\/real-estate-101\/buy\/gta-market-pulse-june-2026\/","title":{"rendered":"GTA Real Estate Market Approaching Multi-Year Low for Homebuyer Competition"},"content":{"rendered":"

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Homebuyer competition in the Greater Toronto Area nears a multi-year low, but a pullback in listings suggests conditions may shift in the short-to-medium term.<\/span><\/p>\n

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By Josh Sherman<\/a>\u00a0<\/span>| 4 minute read<\/p>\n

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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>\n

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The Greater Toronto Area\u2019s real estate market continues to present conditions that heavily favour homebuyers as the level of bidding competition approaches a multi-year low, suggests new analysis from digital real estate platform Wahi.<\/span>
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<\/span>In June, just 6% of the 306 GTA neighbourhoods in which at least five resale homes changed hands were in overbidding territory last month, down from 7% of the 303 neighbourhoods that met the sales minimum in May. The overwhelming majority of neighbourhoods (93%) were in underbidding territory this June, and a handful of others (1%) were selling at asking. During the same month last year, 5% (289 neighbourhoods) saw prices bid higher.\u00a0<\/span><\/p>\n


<\/span>This is based on comprehensive analysis by Wahi of list and sold prices for all homes that changed hands on the resale market last month, including condos and single-family properties.\u00a0<\/span>
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\u201cWhile 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,\u201d says Wahi Economist Ryan McLaughlin.<\/span><\/p>\n

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The number of new listings in the GTA in June also reached a multi-year low for the month, driven by ongoing weakness in the condo segment. \u201cIf we continue to see fewer homes coming on the market in the coming months, that could begin to affect supply and, eventually, prices,\u201d McLaughlin continues. \u201cHowever, with the summer slowdown setting in, homebuyers do have more time right now to negotiate lower prices, particularly for condos,\u201d he adds.<\/p>\n

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Indeed, bidding competition for condos is almost non-existent. Across all of the 123 GTA neighbourhoods with a minimum of five condo transactions, only one (Lasalle, in Burlington) was in overbidding territory this June. Overall, 98% of neighbourhoods were underbid when only looking at condo sales. For comparison, 88% of the 259 neighbourhoods with at least five single-family home sales were underbid, while 11% (29 neighbourhoods) landed in overbidding territory and 1% (3 neighbourhoods) were selling at-asking. Single-family homes include detached and semi-detached homes as well as row and townhomes (without maintenance fees).<\/p>\n

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To gauge overall market conditions in June, Wahi also analyzed the share of all listings \u2014 regardless of neighbourhood \u2014 that sold for more than asking, less than asking, or for the list price. Nearly three-quarters (74%) of all homes sold for less than the list price in the GTA last month, a marginal increase from a year ago (72%). That\u2019s also a slight uptake from this May (73%).\u00a0<\/p>\n

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Some Old Toronto Neighbourhoods Attract Multiple Offers<\/b><\/h2>\n

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Although bidding activity edged lower once again in June \u2014 and it sits near the all-time lows since Wahi began tracking the market in July of 2022 \u2014 certain types of neighbourhoods have still seen listings attract multiple offers with some regularity.<\/span><\/p>\n

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These neighbourhoods have generally been older, more established ones situated within the borders of the Old City of Toronto \u2014 especially those in the east end. This was true of the top five overbidding neighbourhoods in June, led by Riverdale for the second consecutive month.\u00a0
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