Despite signs of stronger bidding on some homes, Toronto's September market still strongly favoured buyers overall. Wahi's latest market data shows approximately 10 months of inventory, with homes taking an average of 28 days to sell. The median sold price was about $860,000, and the typical property sold roughly $17,000 below its asking price.
That is important for buyers because it shows why broad headlines can be misleading. You may hear that bidding competition is increasing, but many properties are still selling below asking. Buyers who find homes that have been sitting on the market may have room to negotiate not only on price, but potentially on conditions and closing dates as well.
For sellers, the message is almost the opposite: pricing high “just to see what happens” can be costly. With plenty of competing inventory, buyers can simply move on to another property. The homes most likely to attract quick interest are those that are priced realistically from the beginning.
This also creates opportunity for move-up buyers. Someone selling a well-located property and purchasing a more expensive home may be able to negotiate more aggressively on the purchase side. The real question is not simply whether the GTA is a buyer's or seller's market — it is which side of the transaction gives you the greater advantage.
The takeaway is simple: Toronto buyers still have meaningful negotiating power right now. But that power varies dramatically by neighbourhood and property. The best strategy is to look at how long the specific home has been listed, comparable sales, and how much similar properties are actually selling below asking.
Source: Wahi Toronto Housing Market Report, September 2026, updated October 1, 2026.