New digital real estate tool reveals which GTA neighborhoods see overbidding

Digital real estate platform Wahi has launched a new tool to help homebuyers determine which areas are hot and which aren't.

Digital real estate platform Wahi has launched a new tool to help homebuyers determine which areas are hot and which aren’t.

According to Wahi, its new Market Pulse tool offers “current data” for nearly 400 GTA neighborhoods so “Canadians can compare median sold and list prices to understand which areas are seeing overbidding or underbidding.”

The company said that the data can help homebuyers make “informed decisions about when and where to buy or sell.”

Wahi’s July 2022 data revealed that 84 percent of GTA neighborhoods were in underbidding territory, compared to July 2021 when 68 percent of transactions were sold at or above the list price.

The top four GTA neighborhoods for overbidding in July 2022 were Berczy Village (Markham), East York, Cathedraltown (Markham) and Dorset Park (Scarborough) while the top four neighborhoods for underbidding were Clearview (Oakville), Windfields (North York), Rougemount (Pickering) and Long Branch (Etobicoke).

“There’s no question that the GTA housing market has been extremely volatile as of late, and Canadians are looking for some consistency amid all the uncertainty to help inform their next move,” Wahi chief executive officer Benjy Katchen said in an Aug. 9 news releases.

Visit wahi.com/ca/en/market-pulse for more information.

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