
Buyers are getting homes for way under asking price across these GTA neighbourhoods
Becky Robertson
created: Aug. 12, 2025, 1:29 p.m. | updated: Aug. 13, 2025, 5:48 a.m.
Meanwhile, the average sales price across housing types in the region has fallen 5.5 per cent over the same period, in part due to bidders successfully offering less than the asking price to desperate sellers whose properties are sitting up for grabs for far longer than ever.
And, there are neighbourhoods where the average savings were as much as a whopping $485,000.
Also in the top five "underbidding" neighbourhoods were York Mills in North York (where the average home was purchased for $199,999 less than sellers had hoped to get), and Princess Rosethorn in Etobicoke ($164,000 less).
To be fair, homes in these areas range from an exorbitant $1,825,000 to $3,000,000, based on the median sold price in July.
Then, there were the communities where Wahi found buyers ended up having to bid up their desired properties to land them.
2 months ago: blogTO