Which areas are buyer's markets? Which ones are seller's markets? Toronto Storeys has the numbers. They said, "CREA,the Canadian Real Estate Association, considers ratios between 40 and 60 per cent to be balanced. Which means, at 56 per cent, Ontario has a balanced market. But in the province, the ratio varies widely by region." Peterborough is listed as a seller's market with an average home price of $419,799. What does your area look like on this map? If it's a seller's market, maybe it's the right time to make the move to cottage country!
According to Zoocasa, the best way to figure our the top markets for buyers and sellers in Ontario is to look at sales-to-new-listings ratio.Orangeville and Thunder Bay have steep seller’s markets with ratios of 102 and 90 per cent respectively.
Which areas are buyer's markets? Which ones are seller's markets? Toronto Storeys has the numbers. They said, "CREA,the Canadian Real Estate Association, considers ratios between 40 and 60 per cent to be balanced. Which means, at 56 per cent, Ontario has a balanced market. But in the province, the ratio varies widely by region." Peterborough is listed as a seller's market with an average home price of $419,799. What does your area look like on this map? If it's a seller's market, maybe it's the right time to make the move to cottage country!