The Best Cities to Sell Your Home in Ontario
When it comes to real estate in Ontario, there are a few cities where youíll always get your money back.
Surprisingly enough, Toronto isnít at the top of the list. Thunder Bay, Oakville real estate and even Sudbury are attractive to buyers, but thereís more. CREA released its list earlier this year, and here weíre going to go over the percentages and figures. If youíre selling your home youíre going to want to make sure youíre in the right market, so letís 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 arenít too bad and a lot of people would just love to live around here. Youíre 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 itís 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, itís 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 went up 2% since last year, the home of the Northern Ontario School of Medicine, itís 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%. Itís one to watch, but if you live here be careful about fluctuations.
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 youíre looking to sell youíll be able to find buyers that are interested in buying your home. Itís important to work with a luxury real estate agent to make sure that youíre doing all you can to appeal to the right market. Donít get stuck with a house that you canít sell because you donít 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!
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