toronto real estate

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:

Bathurst Manor
  • Average list price for a 3-bed freehold: $996,427
  • Average sold price for a 3-bed freehold: $1,211,775
  • Per cent of listings sold 20% over asking: 46%
Parkwoods-Donalda
  • Average list price for a 3-bed freehold: $992,931
  • Average sold price for a 3-bed freehold: $1,175,400
  • Per cent of listings sold 20% over asking: 38%
South Riverdale
  • Average list price for a 3-bed freehold: $823,086
  • Average sold price for a 3-bed freehold: $940,214
  • Per cent of listing sold 20% over asking: 36%
Don Valley Village
  • Average list price for a 3-bed freehold: $980,234
  • Average sold price for a 3-bed freehold: $1,141,021
  • Per cent of listings sold 20% over asking: 34%
Junction Area
  • Average list price for a 3-bed freehold: $715,758
  • Average sold price for a 3-bed freehold: $800,856
  • Per cent of listings sold 20% over asking: 33%
Lead photo by

LunaticDesire


Join the conversation Load comments

Latest in City

Ontario companies are introducing 4-day work weeks in response to modern life

People band together to rescue raccoon stuck in roof near Toronto

Toronto man finds a piece of history underneath the floor of his home

This is when face masks will no longer be required in Ontario

Man says police took him down for not wearing a mask in Mississauga

The premier just gave Ontario a hilarious new Fordism and it's one for the ages

Ontario capacity limits lifted but some health measures to stay in place until 2022

This new Crosstown LRT station in Toronto is a half-kilometre long