GTA Homebuyers Find Deals Up to $250,000 Below Asking

The Greater Toronto Area housing market remains largely buyer-friendly, with only 6% of neighborhoods showing overbidding in January, up from 2% in December. Most homes sold below asking price, especially in high-priced areas like York Mills and Eastlake. Overbidding was mainly seen in Toronto’s east end. The market's trajectory will become clearer after the spring season, following the slowest start in decades with fewer home sales than the previous year.