Zoocasa
Sold Prices
Mortgage Calculator
Map
Market Insights
  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
Zoocasa
  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
Home Market Insights

Considering Selling? These are the Ontario Markets Where Properties are Moving the Fastest

Abbey Cole by Abbey Cole
January 19, 2023
in Market Insights, Ontario, Real Estate News, Toronto Real Estate
Reading Time: 3 mins read
Windsor Ontario skyline, showing a bayfront walkway with tall buildings and a bridge in front of the sunset.

The Most Competitive Ontario Real Estate Markets Where Properties are Selling Quickest [INFOGRAPHIC] Blog Hero

Share
Tweet
Share
0 Shares

The rate at which properties are trading hands has slowed in Ontario due to buyer apprehension in the market. Lack of inventory and the need for more affordable have contributed to the market slowness.

In December, many homes in Ontario stayed on the market for longer than usual. In the Toronto Region, homes are currently listed for an average of 40 days, according to the Toronto Regional Real Estate Board (TRREB). This was a big stretch from the pandemic when homes seemed to sell practically overnight. 

  • Read: Income Properties Available in Ontario Now, Starting from $249,900

Overall, it’s become increasingly difficult for sellers and potential buyers to navigate the shifting landscape of real estate markets across Ontario. However, the good news for sellers is that there are still some in demand markets where homes are moving more quickly.

We’ve analyzed which cities in the  Toronto Region and surrounding areas are most competitive by reviewing how quickly homes sold in December. The results may be good news for some hesitant sellers.

York Region Sweeps the Board

Homes in the Toronto Region were listed for an average of 40 days in December, but properties are moving more quickly within York Region! Overall, homes within York Region are on the market three days less than the Toronto Region average. Whether buyers are interested in Aurora‘s great family neighbourhoods or Markham‘s 19th-century homes, properties are selling 14 and 11 days faster than the average, respectively. Homes within Newmarket are only spending 31 days on the market, and Richmond Hill’s inventory is moving within 35 days. 

People Continue to Favour the GTA and Surrounding Markets

Other cities where properties are selling faster include Brampton and Toronto East and West, selling four days faster than the Toronto Region average. Yet properties in Halton and Peel are less in demand. Throughout December, Halton homes were listed for an average of 45 days. However, in Caledon, homes were on the market for 60 days!

  • Read: The Cheapest Houses For Sale in the GTA For Under $650K

Cities like Whitby are selling 12 days faster than the TRREB average! Check out the infographic below for how other markets compare:

For those looking to buy property in Ontario, now is an excellent time to take advantage of the low competition and find the perfect home. Our qualified real estate agents can share more information about how your ideal market measures up, whether you’re looking to buy, sell, or both. Keep an eye on our blog for more in-depth updates, and sign up for our newsletter to get updates sent directly to your inbox!

Want to live in Ontario or move to a new city?
We can help!
Previous Post

10 Most Read Canadian Housing Market Articles as Chosen By You

Next Post

Viva Magenta! How to Incorporate the 2023 Pantone Color of the Year Into Your Home

Abbey Cole

Abbey Cole

Abbey is Zoocasa's Content Marketing Specialist, creating content to help Canadians make informed decisions on the real estate market. As a textbook Hamiltonian, Abbey enjoys walking the Bruce Trail near the Devil's Punchbowl. You'll catch Abbey soaking up the sun, reading a book or watching Netflix with her furbabies when she's not working.

Related Posts

Dad and daughter walking dog
Canada

Canadian Cities With the Sharpest Home Price Declines in Spring 2025

June 16, 2025
A bird perched on a bird feeder, surrounded by seeds and greenery.
Expert advice

How to Attract Summer Birds During Ontario’s Peak Garden Season 

June 12, 2025
Canada

What it Means When a Home is Listed for $1

June 7, 2025

Blog Search

No Result
View All Result

Newsletter Sign-up

Join a community of 130,000+ subscribers. Don't miss important real estate news, market data, and buying and selling tips.

Recent Articles

Attendees relax on the grass at a vibrant music festival, engaging with friends and enjoying the lively atmosphere.

7 Summer Festivals That Might Just Help You Choose Your Next Canadian City

June 21, 2025
Interior view of a bathroom with a shower, sink, and toilet, showcasing a clean and modern design.

Everything Shower Spaces: The Wellness Upgrade Gen Z Buyers Want Now

June 20, 2025

How Couples Can Design the Perfect Shared Office Space

June 19, 2025
A woman seated on the floor with a fan beside her.

6 Easy Ways to Beat the Heat Without Cranking the AC

June 19, 2025

Featured Listings

5 Canadian Cottage Regions That Make the Perfect U.S. Buyer Getaway 

June 15, 2025

From Skyline Views to Private Escapes: 5 Luxe Calgary Homes for Sale

June 10, 2025

What it Means When a Home is Listed for $1

June 7, 2025

6 Can’t-Miss Victorian Homes for Sale in San Francisco Right Now

June 2, 2025
first-time home buyer programs and rebates

Social Media

250 The Esplanade Suite 408 Toronto, ON M5A 4J5

Stay Connected

  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
No Result
View All Result

Zoocasa © 2007–2022. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.