, but record low sales activity and a flood of homes hitting the market is lending would-be owners more options and less urgency in their search.
A new report from real estate listing site Wahi says that competition in the market continues to dwindle despite the latest interest rate cut, with only 27 per cent of neighbourhoods across the GTA in "overbidding" territory last month.On the flip side, underbidding is now the norm in a whopping 71 per cent of the 300 pockets that the firm assessed, with condos in particular most likely to go for under their asking price.
Next on the list is Eastlake in Oakville, where this disparity was $230,000, followed by Huttonville in Brampton , Toronto's Forest Hill and King City .
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