Five Ontario cities where houses are selling most above asking have been revealed
The top five Ontario cities where homes are selling the most above their asking price have been revealed and surprisingly, Toronto didn't make the list.
A new report released by Zoocasa this week calculated the percentage difference between the average sold price and the average list price in 29 cities across Ontario for the month of September.
According to the report, the calculations reveal the largest difference in the list price and sold price is occurring in markets where the average home price is below $1 million.
The report found that Ottawa tops the list for homes selling over asking, with a 27 per cent difference on average.
The average listing price of a home in Ottawa in September was $523,842 but the average selling price was $669,874.
Next on the list was Whitby, where the average list price was $938,831 and the selling price was $1,092,945.
Windsor, Oshawa and Ajax were next on the list. Homes in those regions sold between 16 and 13 per cent above asking in September.
"Three of the top five markets are located in the Durham Region, long considered a hot alternative to the City of Toronto, at a commutable distance," the report said.
The report found that in September, housing in Toronto sold on average seven per cent under asking. The average price was $1,191,064 and the selling price was $1,033,373.
To view the full report click here.
CTVNews.ca Top Stories
Spectacular aurora light show to be seen across Canada Friday night
A rare and severe solar storm is expected to bring spectacular displays of the northern lights, also known as aurora borealis, across much of Canada and parts of the United States on Friday night.
Town of Fort Nelson, B.C., ordered to evacuate due to wildfire
The entire town of Fort Nelson, B.C., as well as the nearby Fort Nelson First Nation, has been ordered to evacuate due to an out-of-control wildfire.
Bouchard lifts Edmonton Oilers to 4-3 overtime win over Canucks in Game 2
Evan Bouchard scored 5:38 into overtime and the Edmonton Oilers bounced back for a 4-3 win over the Vancouver Canucks in the second round of the Stanley Cup playoffs on Friday.
McGill University seeks emergency injunction to dismantle pro-Palestinian encampment
McGill University has filed a request for an injunction to have the pro-Palestinian encampment removed from its campus.
Which Canadian cities have the highest and lowest grocery prices?
Where you live plays a big factor in what you pay at the grocery store. And while it's no secret the same item may have a different price depending on the store, city or province, we wanted to see just how big the differences are, and why.
Swarm of 20,000 bees gather around woman’s car west of Toronto
A swarm of roughly 20,000 bees gathered around a woman’s car in the parking lot of Burlington Centre.
Video shows naked raccoon catching B.C. family by surprise
When Marvin Henschel spotted a strange and hairless creature wandering through a front lawn in B.C.'s Lower Mainland, he could barely believe his eyes.
Barron Trump declines to serve as an RNC delegate
Former U.S. President Donald Trump's youngest son, Barron Trump, has declined to serve as a delegate at this summer’s Republican National Convention, according to a senior Trump campaign adviser and a statement from Melania Trump's office.
Out-of-control wildfire prompts evacuation alert for Fort McMurray, Saprae Creek Estates Friday night
An evacuation alert was issued for two Wood Buffalo communities Friday night, as crews battled an out-of-control wildfire near Fort McMurray.