Toronto leads GTA with rising bidding wars in fall 2025 housing market.
Seventeen Toronto neighbourhoods saw multiple-offer situations as buyer competition returned.
Lower-priced homes drove renewed demand amid Bank of Canada’s recent rate cut.
East and west ends, including Danforth and Riverdale, saw strongest overbidding activity.
High-end midtown areas continued underbidding, showing wealthier markets remain cautious.
February 26, 2026
Toronto Housing Hits Five-Year Reset
Toronto’s average home price dipped to $973,289, falling 6.5% year-over-year, first sub-$1M since 2020. Pandemic-era price growth is gone, pushing Canada’s priciest markets back to late-2020 levels. Mortgage stress is rising as renewals hit higher...
