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
Winnipeg man admits to killing four women, argues he's not criminally responsible
Defence lawyers of Jeremy Skibicki have admitted in court the accused killed four Indigenous women, but argues he is not criminally responsible for the deaths by way of mental disorder – this latest development has triggered a judge-alone trial rather than a jury trial.
Man banned from owning animals after fatal Calgary dog attack
The owner of three Calgary dogs that got loose and mauled a woman to death in 2022 has been ordered to pay a $15,000 fine within one year and banned from owning any animal for 15 years.
Mediterranean staple may lower your risk of death from dementia, study finds
A daily spoonful of olive oil could lower your risk of dying from dementia, according to a new study by Harvard scientists.
DEVELOPING Hamas accepts Gaza ceasefire proposal from Egypt and Qatar
Hamas said it has accepted a ceasefire deal proposed by Egypt and Qatar, which seeks to halt the seven-month war with Israel in Gaza, prompting Israel to say it would send a delegation to negotiate – though it warned the proposal remained far from the 'necessary requirements.'
An El Nino-less summer is coming. Here's what that could mean for Canada
As Canadians brace themselves for summer temperatures, forecasters say a weakening El Nino cycle doesn’t mean relief from the heat.
East-end Ottawa family dealing with massive rat infestation
Residents in Ottawa’s Elmridge Gardens complex are dealing with a rat infestation that just won’t go away. Now, after doing everything they can to try to fix the issue, they are pleading with the city to step in and help.
2024 Met Gala: Everything to know about fashion's annual soiree
Fashion’s biggest night out — hosted at the Metropolitan Museum of Art in New York each year on the first Monday of May — is both a forever-evolving spectacle and a carefully crafted event.
Competition Bureau launches inquiry into Lululemon over 'greenwashing' allegations
Canada's Competition Bureau has launched an inquiry into Vancouver-based Lululemon following a complaint from members of an environmental group.
An American soldier was arrested in Russia and accused of stealing, U.S. officials say
An American soldier has been arrested in Russia and accused of stealing, according to U.S. officials. The soldier was stationed in South Korea and was in the process of returning home to the United States, but travelled to Russia.