{"id":51,"date":"2026-09-28T16:00:00","date_gmt":"2026-09-28T16:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/gloriayeung-com\/2026\/09\/28\/gta-homebuyer-competition-weakens-further\/"},"modified":"2026-09-28T16:00:00","modified_gmt":"2026-09-28T16:00:00","slug":"gta-homebuyer-competition-weakens-further","status":"publish","type":"post","link":"https:\/\/www.gloriayeung.com\/blog\/2026\/09\/28\/gta-homebuyer-competition-weakens-further\/","title":{"rendered":"GTA Homebuyer Competition Weakens Further"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/gloriayeung\/single-family-demand-remotion-videos-bf60\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>It\u2019s no secret that the GTA real estate market has been catching its breath lately, and the numbers from Mid-Q3 tell quite the story. Only 2% of qualifying GTA neighbourhoods found themselves in overbidding territory\u2014down from 3% earlier in the quarter. Out of 267 neighbourhoods, a striking 97% saw homes go under asking, with just 1% selling at list price. Bidding wars? Nearly extinct.<\/p>\n<p>What\u2019s fascinating is how the gap between condos and single-family homes is narrowing: 95% of single-family neighbourhoods and 98% of condo areas were underbid. With 4,200 homes sold in Mid-Q3, 79% closed below asking\u2014up slightly from 78% in Early-Q3. As an economist recently put it, we\u2019re seeing one of the quietest periods in GTA real estate, giving buyers a rare chance to breathe and explore options with less pressure.<\/p>\n<p>Having navigated Toronto\u2019s diverse neighbourhoods\u2014with a dash of globetrotter curiosity\u2014I can say this slower pace invites a thoughtful approach. For anyone considering their next move, this could be the time to discover a home that truly fits, minus the bidding drama. Here\u2019s to finding your next adventure\u2014one that feels just right!<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s no secret that the GTA real estate market has been catching its breath lately, and the numbers from Mid-Q3 tell quite the story. Only 2% of qualifying GTA neighbourhoods found themselves in overbidding territory\u2014down from 3% earlier in the quarter. Out of 267 neighbourhoods, a striking 97% saw homes go under asking, with just [&hellip;]<\/p>\n","protected":false},"author":456,"featured_media":52,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-51","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/posts\/51","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/users\/456"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/comments?post=51"}],"version-history":[{"count":0,"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/posts\/51\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/media\/52"}],"wp:attachment":[{"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/media?parent=51"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/categories?post=51"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/tags?post=51"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}