Wahi data shows 24% of GTA homes sold above asking in September, up from 18% in August
Greater Toronto Area sellers found marginally more urgency among buyers at the start of the fall season, though any optimism must be measured against a market that has offered sellers little relief for five straight years.
New analysis from Wahi, a Canadian digital real estate platform based in Toronto, shows that just 6% of the 230 Greater Toronto Area (GTA) neighbourhoods with at least five resale transactions in September were in overbidding territory. That's up from 2% in August, but still near multi-year lows.
Meanwhile, 93% of tracked neighbourhoods saw homes change hands below their list price.
Ryan McLaughlin, economist at Wahi in Toronto, offered a measured read of the data.
"It would be hard to imagine weaker bidding competition than we saw over the summer, so while any sign of more interest from homebuyers is a positive, we have to look at it within that broader context," he said.
Carolyn Rogers says monetary policy alone cannot solve housing affordability, arguing that increasing housing supply and reducing the economy's reliance on rising home prices will require broader action from governments. https://t.co/j40csO7Yi1
— Canadian Mortgage Professional Magazine (@CMPmagazine) October 2, 2026
West-end Toronto leads a narrow overbidding revival
Competition varied considerably across the region. The City of Toronto led the GTA's five communities, with 28% of all home types selling above asking in September.
Durham and York each came in at 25%, Peel at 16%, and Halton at 11%.
Overbidding was largely concentrated in older, established west-end Toronto neighbourhoods, where price points remain more accessible than midtown or downtown, a pattern consistent with GTA home sales recovery data tracked through mid-2026.
On the underbidding side, the Oakville, Ontario community of Eastlake — which had topped that list for four consecutive months — slipped to third place in September.
Ledbury Park in Toronto's North York and Kleinburg in Vaughan displaced it, both higher-price communities where larger sale values amplify the median underbid amount in dollar terms.
Top 5 GTA overbidding neighbourhoods, September 2026
| Rank | Neighbourhood | Municipality | Median sold price | Median overbid amount |
|---|---|---|---|---|
| 1 | Little Portugal-Brockton Village | Old Toronto | $1,215,000 | +$153,000 |
| 2 | The Junction | Old Toronto | $1,165,000 | +$152,000 |
| 3 | Roncesvalles | Old Toronto | $1,630,000 | +$152,000 |
| 4 | Little Italy | Old Toronto | $1,578,000 | +$111,000 |
| 5 | Bloor West Village | Old Toronto | $1,600,000 | +$61,000 |
Top 5 GTA underbidding neighbourhoods, September 2026
| Rank | Neighbourhood | Municipality | Median sold price | Median underbid amount |
|---|---|---|---|---|
| 1 | Ledbury Park | North York | $3,000,000 | −$188,000 |
| 2 | Kleinburg | Vaughan | $2,300,000 | −$183,000 |
| 3 | Eastlake | Oakville | $2,535,000 | −$116,500 |
| 4 | Neighbourhood of King | King | $1,720,000 | −$99,000 |
| 5 | Old Oakville | Oakville | $1,575,000 | −$79,900 |
Source: Wahi Realty Inc., Brokerage; data from Information Technology Systems Ontario (ITSO) and the Toronto Regional Real Estate Board (TRREB)
Condos lag as single-family competition ticks higher
Single-family homes — detached, semi-detached, and freehold townhouses — attracted more competition than condos for the second consecutive month.
Some 28% of single-family transactions closed above the asking price in September, up from 21% in August and 25% in September 2025, according to Wahi.
The condo segment, which includes apartments and maintenance-fee townhouses, recorded just 15% of units selling above list price, flat year over year and only nominally improved from 12% in August.
McLaughlin attributed the overall uptick to seasonality rather than any structural shift.
"Even in times of weaker demand, the arrival of the fall market tends to lure more homebuyers off the sidelines, creating a little bit more competition," he noted.
Wahi's analysis draws on resale transaction data from Information Technology Systems Ontario (ITSO) and the Toronto Regional Real Estate Board (TRREB), covering neighbourhoods with a minimum of five sales in the month.
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