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Buyers offering way under asking price for homes in most parts of Toronto area

Despite a small surge just before the official start of spring, bidding activity on homes in the GTA largely seized up in March thanks to the ongoing trade war between Canada and the U.S. These economic and political uncertainties have convinced many prospective buyers to put their dreams of homeownership on hold, and as a result, homes in certain areas of the GTA are seeing bids well below their listing prices. A recent analysis by the digital real estate platform Wahi compared the differences between list and sold prices in roughly 400 neighbourhoods across the GTA. At the end of each month, the platform compares the differences between median list and sold prices to determine whether neighbourhoods are in overbidding or underbidding territory. Source: Wahi.Data was sourced from Information Technology Systems Ontario (ITSO) and the Toronto Regional Real Estate Board (TRREB).According to the report, approximately 20 per cent of GTA neighbourhoods with at le...


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