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.
August 29, 2026
HST rebate continues to boost sales of new single-family homes in GTA but condo segment remains sluggish: report
New home sales in Ontario surged 130% year-over-year in Q2 2026, reaching 8,410 sales, driven by an enhanced HST rebate offering up to $130,000 to buyers. This boost helped protect 17,300 construction jobs, preserve $2.8...