Interest rate cuts may have improved market sentiment, but prices are still high

While the Greater Toronto Area’s fall housing market started slower than expected, signs of life emerged in some pockets of the GTA where more single-family homes were selling over asking.

According to Wahi’s latest analysis of overbidding and underbidding trends in the GTA in September, 8% of GTA neighbourhoods where at least five homes sold were in overbidding territory, up from just 1% in August.

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