65% of homes sold for less than the listed price in the Greater Toronto Area last month

The Greater Toronto Area's real estate market remains stagnant, with minimal bidding wars reported in March. A Wahi report indicates that only 20% of neighborhoods experienced overbidding, down from 43% a year ago, while 73% were in underbidding territory. Economic uncertainty is causing some buyers to delay purchases, leading to 65% of properties selling for less than the listed price. Condos were particularly affected, with 75% selling below asking. The Durham region was the most competitive, while Halton was the weakest.