The majority of real estate properties in housing markets across Ontario are selling quicker than in Toronto.
A report posted by Zoocasa on Thursday, said 12-out-of-22 Ontario housing markets had properties listed for sale for a shorter amount of time than the Toronto average in December.
The Waterloo Region came in first with the smallest number of days on market (25 days), followed by Aurora (26 days), and London and Whitby tied for third (28 days).
According to data by the Toronto Regional Real Estate Board, homes in Canada’s largest city were on the market for an average of 40 days in December.
This marked a 110.5 per cent year-over-year increase from Dec. 2021, when properties were listed on the market for an average of 19 days.
Caledon and Orangeville were tied with having properties listed on the market for the longest amount of time, with an average of 60 days.
Vaughan and Milton both came in at second last with properties listed for an average of 47 days.