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Buyers are getting homes for way under asking price across these GTA neighbourhoods

Home sales are slowly starting to pick up again in and around Toronto, which has seen an extended period of real estate turmoil while buyers wait to see what comes of the trade war with the U.S. and the economic recession.Sick of standing by for a better time that may never come, more homeowner hopefuls waded into the market in July, which had the largest uptick in transaction volumes of any July since 2021.Part of what helped this was softer prices, especially in the condo sector, where the standard unit now sells for 9.3 per cent less than it was a year ago.Meanwhile, the average sales price across housing types in the region has fallen 5.5 per cent over the same period, in part due to bidders successfully offering less than the asking price to desperate sellers whose properties are sitting up for grabs for far longer than ever.Toronto-based real estate agency Wahi regularly assesses where and to what degree houses and condos in the region are go...


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