Neighbourhoods where homes are selling for over asking in the Greater Toronto Area

It’s interesting to see how quickly the GTA real estate landscape can shift. In July, just 3% of Greater Toronto Area neighborhoods had homes selling over asking price—a notable drop from June’s 6%. Most areas are now experiencing underbidding, with overbidding activity moving toward more budget-friendly communities like Richmond Hill and Markham. After more than a decade helping clients navigate the ups and downs of our market, I know how important it is to monitor these trends closely. Whether you’re preparing to sell or looking for your next home, understanding where buyers are still competing above asking can mean the difference between a good result and a great one. My goal is always to put my market knowledge and negotiation experience to work for you, ensuring each move is the right one.