8 in 10 Homes in Toronto Sell Below Asking — But It Gets WORSE

8 in 10 Homes in Toronto Sell Below Asking — But It Gets WORSE 📲 BOOK A FREE CALL: https://www.ChatWithZhen.com 🏠 BUYERS - Decode Deals Here: https://www.primepropertiesto.com/buy... 🔑 SELLERS - Property Analyzer Here: https://www.primepropertiesto.com/sel... ►► 78.1% of Toronto homes sold below asking in July 2026 — but the median discount was only $23,000. So how did a move-in-ready house in a top-tier school catchment sell for $345,000 under list price? The headline stat is real. The way it's calculated is the problem. That 78.1% is measured against the final list price, not the original one. A seller who terminates, re-lists $150K lower, then sells gets recorded as selling "close to asking." The sold-to-list ratio, days on market, and sold-over-ask numbers all share that same blind spot. In this episode, I break down a detached home in North York that sold for roughly what it sold for in 2020, a Liberty Village 1+1 condo unit with parking that closed $128,000 under list price, and the Rosedale home that fell from $7.8M to $4.85M over a year of price discovery for the seller. "Below asking" means nothing until you know WHICH asking price, WHAT property type, and HOW LONG that seller has actually been sitting around on their home listing. In this episode, we cover: ▸ Why 78.1% below asking is measured against the last list price, not the first; ▸ Sold-to-list ratio at 97.3% vs. 103% in July 2021, and what the trend really signals; ▸ LDOM vs. PDOM: How 121 days on market gets reported as under 30; ▸ Below Ask: Condos 83% vs. detached homes 78% vs. semis and towns 72.6%; ▸ Why homes over $2M take the deepest discounts in Toronto; and ▸ How seller motivation sets your negotiating room. 00:00 - Why 8 in 10 Toronto Homes Are Selling Below Asking 01:00 - $345,000 Discount on a Move-In Ready Home 02:05 - Sold Over Asking: Game of Manipulation 03:23 - Sold-to-List Ratios in Toronto 06:17 - Days on Market Differences 08:42 - Liberty Village 1+1 Sells $128K Under Ask 10:11 - Rosedale Mansion Sells at Steep Discount 11:20 - Toronto Neighbourhoods Selling Fast 12:50 - Toronto Neighbourhoods Slowest to Sell 🔔 Don’t forget to like, subscribe, and hit the notification bell for more data-driven real estate updates tailored for the GTA market. 📩 SIGN UP for our Curated Content Here: https://tally.so/r/wzdAQ1 #TorontoRealEstate #GTARealEstate #TorontoHousingMarket #CanadianRealEstate #SoldBelowAsking #DaysOnMarket #LibertyVillage #torontohomes #torontolistings #homelisting #homesellers #homebuyers #torontocondos #torontohousing #homediscount #realestatetips #realestatedata #condosforsale ====================================== Find Zhen Here: Book A Call: www.ChatWithZhen.com Email: Zhen@PrimePropertiesTO.com Website: http://www.PrimePropertiesTO.com ======================================