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Some eastern GTA communities bucking Ontario trend with homes selling above asking [Video]

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Ontario News

It’s a buyer’s market in most of the GTA, with nearly all municipalities seeing a majority of homes sell for less than the listed price, but three communities in Durham Region are defying the trend.

In Oshawa and Ajax more than half the homes (52 per cent) sold this year have been changing hands for at or above the listed price, according to first quarter analysis from digital real estate platform Wahi analysis of home sales data.

Home sale prices in Clarington were split at 50 per cent with those selling for less. In every other GTA town and city, the lion’s share of homes ended up selling below asking.

Wahi compared sold and list prices in all 25 of the GTA’s municipalities, as well as the City of Toronto’s six former boroughs, to rank a total of 30 communities by the percentage of below-asking sales in each.

The fact …

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