Toronto Home Competition Heats Up: These Numbers Tell The Story
Monday Oct 21st, 2024
ShareFor the first time since March, the share of neighbourhoods, experiencing 'multiple-offer bidding' has increased as competition for single-family homes is growing. In a recent analysis of the GTA's 284 neighbourhoods, with at least 5 September home sales, 13% were in overbidding (NOTE: overbidding of 'the list price' - which is lower than the actual current market value and what the Seller wants) — up from 8%t in... [read more]