Realty Check: 84% GTA neighbourhoods underbid in April

April saw the quietest bidding competition in the Greater Toronto Area since mid-2022, with 84% of neighborhoods underbidding, up from 73% in March and 39% last year. Economic concerns and election uncertainty dampened consumer confidence, delaying the spring market's usual activity. Condos lagged behind single-family homes in demand, though the gap is narrowing. Most underbidding occurred in pricier Toronto areas, while overbidding was concentrated in lower-priced, walkable neighborhoods.