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Here's where to find themOakville tops the list for deals with more than 86% of homes sold for below the asking price You can save this article by registering for free here. Or sign-in if you have an account.Most buyers have room to negotiate as nearly 74 per cent of homes sold for under their asking price in the Greater Toronto Area in May. Photo by Paige Taylor White/BloombergAs Toronto’s housing market increasingly opens up to buyers, there are certain pockets where homebuyers have even more purchase power.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorMost buyers have room to negotiate as nearly 74 per cent of homes sold for under their asking price in the Greater Toronto Area in May, according to a recent report from HouseSigma. Oakville tops the list for the region with the most deals with 86.5 per cent of homes sold for below the asking price.More than 85 per cent of home sales went at a discount in King, a township in York Region north of Toronto, and almost 84 per cent of the sales in Georgina, on Lake Simcoe, and Newmarket.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againScugog, a township north of Oshawa, came next for deals with almost 83 per cent of homes sold for below the asking price.Home sales in the Toronto area were up 6.3 per cent in May compared to last year, according to Toronto Regional Real Estate Board (TRREB) data. Condo sales climbed 4.2 per cent.Deals are also to be found in Toronto’s condo market, where the median price in May was $549,000, down 7.7 per cent from last year and an average of 3.21 per cent below the asking price.Detached home prices have only fallen 2.3 per cent over the last year and sold 2.65 per cent below asking.“For buyers, those looking for a condo are getting not only the lowest entry point but also the most room to negotiate, while move-up buyers shopping the firmer middle should expect to pay much closer to asking,” the report said.For sellers, HouseSigma suggests adjusting prices relative to comparable recent sales, rather than comparing sales from last year.“With the Bank of Canada keeping borrowing costs steady, neither side is waiting on cheaper money any more, and the task now is reading where each part of the market actually stands, which in May meant three very different places,” the report said.Overall, homes sold for a median price of $922,050 in May, down 4.4 per cent from last year, but up 3.3 per cent from April. 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