Home buying competition starts in these Greater Toronto Area neighbourhoods

The Greater Toronto Area (GTA) real estate market is experiencing increased activity, with new listings in Mississauga rising by 158.9% last month. In January, 22% of sold listings went for over the list price, while 74% sold for below asking. Overall, 11% of GTA neighbourhoods were in overbidding territory, an increase from December 2024. Despite some bidding activity, 83% of neighbourhoods remained in underbidding territory. Buyers are advised to be selective, as prices are stable but not significantly discounted.