These neighbourhoods have the most bidding wars in Toronto
If a single family Toronto home doesn't sell for over asking, did it even sell at all? That question might seem far-fetched, but in today's record-breaking real estate market, it seems like housing prices are going bonkers.
Yesterday, real estate website Wishpad released a report detailing how three-bedroom freeholds (detached single family dwellings) sold for an average of 8.8 per cent over asking across the city last year.
Wishpad also highlights five neighbourhoods where one-third of the freeholds for sale went for more than 20 per cent over asking, meaning that bidding wars are standard practice in these spots.
According to the Wishpad data, these neighbourhoods are:
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