In Mid-Q3, just 2% of qualifying GTA neighbourhoods landed in overbidding territory, versus 3% in Early-Q3, signaling softer buyer competition across the market.
Among 267 qualifying GTA neighbourhoods, 97% were underbid and 1% sold at asking in Mid-Q3, showing bidding wars were rare across GTA.
The condo and single-family gap kept narrowing: 95% of neighbourhoods with enough single-family sales were underbid, versus 98% of qualifying condo neighbourhoods.
An economist said Mid-Q3 had been one of GTA Real Estate’s quietest periods, and recently that pattern meant less competition for buyers.
Across 4.2K GTA homes sold in Mid-Q3, 79% changed hands below asking, versus 78% in Early-Q3, as single-family homes stopped bucking softer demand.

GTA avg. home selling price was $993K in Mid-Q3 2026, down ~3% yearly, showing the broader market continued easing overall for buyers.
GTA condo apartments averaged $618K in Mid-Q3 2026, below the prior year's level, while the smallest units posted the market's sharpest depreciation.
Micro condos, under 500 sq-ft, were toughest to move in the GTA, with limited end-user appeal and buyers gaining access to larger options.
In Early-Q3, condos sold below list in ~98% of GTA neighbourhoods with at least five sales, giving active buyers unusually broad negotiating room.
Single-family homes also saw underbidding across ~92% of GTA neighbourhoods, but condos were more sensitive as investor demand faded and more investor-friendly units lingered.

Toronto housing starts ↓10% yearly versus the previous year, a clear sign construction activity moderated in the city's larger urban market during current tracking.
Toronto was tracking 37 building permits tied to 6.6K condominium apartment units where construction had not yet begun in the current pipeline.
The agency said some pending projects could still move forward, because related pre-sales likely happened much earlier than the current reduction in sales activity.
Housing-start data can lag current conditions, because large Toronto projects move through planning and pre-sale phases, permit issuance, then actual construction before starts appear.
That means Toronto's current starts may understate real-time activity, and some permitted condo units could still break ground as the pending pipeline advances.

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences.
It's a symbol of Canada's commitment to reconciliation with Indigenous communities.
Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools.
May this day inspire a future where every voice is heard, and every spirit is healed.
Together, we can create a tomorrow filled with hope and endless possibilities.

Following the HST rebate program, demand increased for low-rise new homes in the GTA, signaling stronger buyer interest in that segment recently.
Builders responded to the demand uptick with a steady flow of new low-rise product, keeping the sector balanced and helping limit upward pricing pressure.
The condominium sector continued to struggle to fully participate, as rules around construction start and completion dates limited how much this segment benefited.
Gross pricing was not adjusted for any rebate, but qualifying purchasers could realize additional savings, improving affordability and supporting new homeownership in the GTA.
Industry leaders said measures like this can strengthen the region's economic outlook, protect jobs, and they want governments to help the condo sector participate.