Photo: James Paolo/Flickr
The City of Toronto may steal all the headlines about fast sales and rising prices, but there are a number of communities outside the 416 where homes don’t stay on the market very long.
As we discovered from recent Toronto Real Estate Board (TREB) data, existing homes in Toronto-proper spent an average of 25 days on the market in the first quarter of 2015. The E02 district, which is home to neighbourhoods such as the Woodbine Corridor and The Beaches, saw 135 sales in the first quarter. The average number of days on the market was just 12.
Outside of Toronto, the communities where existing homes spent the fewest days on the market were also in the east: Ajax and Whitby homes spent an average of 14 days on the market in the first quarter, followed by Oshawa at 16 days.
Want to see how the different municipalities fared in the first quarter? Check out our interactive map:
Average Days on Market, Q1-2015
Check out the Toronto neighbourhood numbers and map here.