The pace picks up in Toronto home sales

by Carolyn Ireland

A digital real estate platform says competition for single family homes in the GTA has begun to simmer as the share of neighbourhoods in 'overbidding' territory increased last month for the first time since March.

Sales of freehold houses have gained some traction in the Toronto-area real estate market so far this fall as buyers seem more willing to take on rival bidders.

The action has emboldened some agents to set an eye-catching asking price and hold back offers.

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