{"id":2021,"date":"2026-08-20T08:02:34","date_gmt":"2026-08-20T13:02:34","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/08\/20\/why-78-of-toronto-homes-are-selling-below-asking-and-why-its-normal\/"},"modified":"2026-08-20T08:02:34","modified_gmt":"2026-08-20T13:02:34","slug":"why-78-of-toronto-homes-are-selling-below-asking-and-why-its-normal","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/08\/20\/why-78-of-toronto-homes-are-selling-below-asking-and-why-its-normal\/","title":{"rendered":"Why 78% of Toronto Homes Are Selling Below Asking (And Why It\u2019s Normal)"},"content":{"rendered":"<p>If you\u2019ve been tracking Toronto\u2019s real estate headlines, the recent surge in homes selling below their asking price might feel like a market crash. However, new data from HouseSigma reveals that 78.1% of homes sold below asking in July\u2014a figure that actually aligns with historical norms from 2003 to 2013. The frenzied, above-asking bidding wars of 2021 and 2022 were the true outliers, not today\u2019s more rational, negotiation-heavy environment. Currently, buyers are leveraging their ability to walk away, particularly in the luxury segment where 86.4% of homes priced over $2 million sold below list. While the market is shifting, experts note that &#8216;below asking&#8217; doesn&#8217;t mean &#8216;below value,&#8217; but rather a return to strategic pricing. For a deeper dive into how this shift is impacting your local neighborhood and the latest insights from industry experts, visit the full report at the Financial Post.<\/p>\n<p><!-- RealEstateToday Source Article --><\/p>\n<div style=\"display:none\" data-original-url=\"https:\/\/financialpost.com\/real-estate\/homes-toronto-selling-below-asking-more-normal\"><\/div>\n<p><em>Source: <a href=\"https:\/\/financialpost.com\/real-estate\/homes-toronto-selling-below-asking-more-normal\" target=\"_blank\" rel=\"noopener\">Read the original article<\/a><\/em><\/p>\n<p><!-- RealEstateToday Instagram Handles --><\/p>\n<div style=\"display:none\" data-instagram-handles=\"@trreb\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nearly 80% of Toronto homes are selling below asking. Is the market crashing, or is this simply a return to historical norms?<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178,206],"tags":[182,221,528,398,207],"class_list":["post-2021","post","type-post","status-publish","format-standard","hentry","category-market-data","category-residential","tag-gta","tag-housing-prices","tag-market-analysis","tag-real-estate-trends","tag-toronto"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/2021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=2021"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/2021\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=2021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=2021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=2021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}