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

Bidding activity on homes in the GTA slowed in March due to ongoing trade tensions between Canada and the U.S., leading many potential buyers to delay homeownership. A report by Wahi revealed that only 20% of GTA neighborhoods were in overbidding territory, down from 43% a year ago, while 73% were in underbidding territory. In March, 65% of homes sold for less than their listed price, with condos more likely to sell below asking (75%) compared to single-family homes (58%).

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