In a recent study, real estate information portal Zoocasa looked at the sales-to-listings ratios of housing markets nationwide.
Using data from local real estate boards, the analysis ranked markets based on their suitability to the needs of home buyers and sellers alike.
Zoocasa cautioned users to not mistake buyers’ markets for the most affordable destinations. The designation specifically indicates that a market has a low likelihood of competitive hurdles such as bidding wars.
Canada’s top buyers’ markets are the following, with sales-to-listings ratios indicated:
- Newfoundland and Labrador (35%, average home price of $254,533)
- Greater Vancouver (43%, average home price of $1,024,282)
- Fraser Valley (45%, average home price of $770,734)
- Edmonton (48%, average home price of $376,429)
- Quebec CMA (49%, average home price of $268,897)
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Meanwhile, home owners in the sellers’ markets ranked here can expect more traffic compared to other locations in Canada, should they decide to have their property listed:
- London and St. Thomas (78%, average home price of $363,727)
- Montreal (73%, average home price of $392,660)
- Ottawa (72%, average home price of $405,279)
- Windsor-Essex (71%, average home price of $305,983)
- Saguenay CMA (70%, average home price of $193,646)
Ephraim is currently a journalist at Mortgage Broker News, Real Estate Professional and Canadian Real Estate Wealth.
Ephraim is a highly accomplished news reporter whose work has been published across North America and the Asia Pacific region. Before joining Key Media, Ephraim spent eight years working as a journalist with Reuters TV. His areas of expertise include real estate, mortgage, and finance.
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