Homes are selling for over asking in these Greater Toronto Area neighbourhoods

In January 2026, Greater Toronto Area home sales hit their lowest since 2008, with 2,912 transactions and an average price of $973,289. Only 6% of neighborhoods saw homes sell above asking, up from 2% in December but down from 11% a year earlier. Overbidding was mainly in Toronto’s east end, with homes selling $14,500 to $101,000 above list price, while high-priced areas saw homes sell below asking by up to $250,000.