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
Trudeau 'absolutely' best person to lead the Liberals in next election: LeBlanc says
Cabinet minister Dominic LeBlanc insists he's not planning a leadership campaign to head the Liberal party, should current leader and Prime Minister Justin Trudeau resign, seemingly quashing rumours he's planning to make a move for his boss' job.
Pastrnak scores winner, Bruins down Leafs 2-1 in overtime in Game 7
Sheldon Keefe told his players hockey history would remember them one way or another.
King Charles III’s openness about cancer has helped him connect with people in year after coronation
King Charles III's decision to be open about his cancer diagnosis has helped the new monarch connect with the people of Britain and strengthened the monarchy in the year since his dazzling coronation at Westminster Abbey.
No proof man lied to brother about number of kittens born in litter, B.C. tribunal rules
A man was denied a $5,000 payout from his brother after a B.C. tribunal dismissed his claim disputing how many kittens were born in a litter.
Bombarded with spam texts? Stats show the problem is getting worse in Canada
In particular, messages that involve phishing — an attack where a scammer tries to trick the recipient into clicking a malicious link, downloading malware or sharing sensitive information — are on the rise.
The American paradox of protest: Celebrated and condemned, welcomed and muzzled
Americans cherish the right to assemble, to speak out, to petition for the redress of grievances. It's enshrined in the first of the constitutional amendments. They laud social actions of the past and recognize the advances toward equality that previous generations made, often at risk of life and limb. But those same activities can produce anger and outright opposition when life's routines are interrupted, and wariness that those speaking out are outsiders looking to sow chaos and influence impressionable minds.
William Shatner says he would consider 'Star Trek' return: 'Here comes Captain Kirk!'
The Montreal-born actor, famed for his portrayal of Captain Kirk in "Star Trek," says he is open to reprising the iconic role in the sci-fi franchise as long as the storytelling is stellar.
Bodies recovered in Mexico likely 2 Australians, 1 American who went missing: officials
Three bodies recovered in an area of Baja California are likely to be those of the two Australians and an American who went missing last weekend during a camping and surfing trip, the state prosecutor’s office said Saturday.
A driver dies after crashing into a security barrier around the White House complex, authorities say
A driver died after a vehicle crashed into an outer perimeter gate of the White House complex, and the incident late Saturday was being investigated as a traffic crash, police said. U.S. President Joe Biden was spending the weekend in Delaware, and the Secret Service said there was no threat to the White House.