The Best Cities to Sell Your Home in Ontario

Surprisingly enough, Toronto isn’t at the top of the list. Thunder Bay, Oakville real estate and even Sudbury are attractive to buyers, but there’s more. CREA released its list earlier this year, and here we’re going to go over the percentages and figures. If you’re selling your home you’re going to want to make sure you’re in the right market, so let’s get started.

Hamilton and Burlington Top the List

Hamilton and Burlington are at the top of the list of the best cities to sell. The school districts are great, the taxes aren’t too bad and a lot of people would just love to live around here. You’re going to want to look at different homes in your neighbourhood to figure out what the best price is for your home, or work with a luxury real estate agent to find out.
Prices here jumped almost 7% from 2012 to 2013, with the average listing price at around $370,000. MoneySense magazine listed the area as one of the best (if not the best) places to live in Canada for 2012, and it’s a good place to be.

Oakville a Close Second

Oakville real estate and homes for sale are also a big draw in the GTA (Greater Toronto Area), because of its close proximity to public transport and a wide variety of industry jobs. Named the Greenest Community in Ontario last year, it’s focused on sustainability and smart growth; a good balance of luxury real estate for sale alongside starter homes and more make this a great place to sell if you already live here.

Sudbury

Sudbury went up 2% since last year, the home of the Northern Ontario School of Medicine, it’s one of the nicer communities. You can play up the benefits of your home to academics and the art community nearby. The average listing price in Sudbury is around $230k-$250k, but they experienced a drastic price drop in December of 27%. It’s one to watch, but if you live here be careful about fluctuations.

Thunder Bay

Thunder Bay saw a rise in prices of about 9%; the average listing price here is around $184,000. A big uptick in the mining industry, medical research and other areas have created a nice influx of demand, so prices could rise over the 2013 period. With so many cultural activities in Thunder Bay, you might be able to up your asking price.

Ontario is the warmest province across Canada, and if you’re looking to sell you’ll be able to find buyers that are interested in buying your home. It’s important to work with a luxury real estate agent to make sure that you’re doing all you can to appeal to the right market. Don’t get stuck with a house that you can’t sell because you don’t know how to sell it! If you live in one of these top markets you should have no trouble moving your home, so start today!

Contact Information

Mike Smith

Marketing Coordinator

GMT

Contact via E-mail