GTA bidding competition edges up but sellers still wait for a turn

September brought a slight uptick in bidding competition across the Greater Toronto Area: 24% of homes sold above asking, compared to 18% in August. Single-family homes, in particular, attracted more competitive offers than condos. Yet, it’s important to note that most properties still sold below their list price—pointing to typical seasonal buyer activity rather than a larger market shift. With over two decades of experience guiding clients through every GTA market cycle, I know the difference between a true market change and a temporary flurry. Strategic pricing and preparation remain key to maximizing your net results, especially in nuanced conditions like these.