Multiple offers are more common on homes priced at or slightly below true market value in a tight-supply neighbourhood than on homes priced at the top of the range from day one, which is the opposite of what most sellers assume going in.
Sales ran 6.6 percent above the 10-year average for the month, which points to steady demand rather than a frenzy, and steady demand supports competitive offers on the right homes without meaning every listing sees one.
The honest answer for your specific street and price point comes from recent comparable sales, not a citywide statistic that does not exist. Get your hand-reviewed valuation from Joel Dyck.