New data from Wahi, a provider of property valuation services for the Canadian residential real estate market, suggests buyers could face fewer bidding wars in the Greater Toronto Area this spring as more would-be homebuyers wait on the sidelines.

A recent Wahi analysis found nearly two-thirds (65 per cent) of GTA homes sold for less than the list price in March. The figure is unchanged from February and up from March 2024 (53 per cent).