Single-Family Homes Enjoy Stable Market with Steady Demand

August brought a noticeable shift in the Greater Toronto Area housing market, with buyer competition cooling down. Only 2% of neighborhoods saw homes selling above asking price, while the majority—79%—closed below list. This trend was especially clear in single-family (95%) and condo (98%) neighborhoods, where most properties sold under asking. Drawing on my experience as a full-time Realtor in Eastern Ontario, I see moments like this as important for buyers to pause and re-evaluate their next steps. My honest and client-focused approach is always about making sure you have the right information to make the best decision, even as the market evolves.