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Homebuyers looking into certain Ontario markets may have less luck paying cheaper as houses in some areas are least likely to sell below their asking price, according to a report by real estate listing site PropertyMesh.
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The report, based on MLS sold records for Ontario resale residential properties between April and July, found Thunder Bay, Ont. to be the area in the province with the lowest number of properties sold below asking price. It said just 21 per cent of properties in the northern city sold below asking price in the second quarter of 2026.
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Houses in Thunder Bay were on the market for the second shortest period of time at 12 days. It said 91 per cent of houses in the city sold within 30 days and 63 per cent sold within 14 days.
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Also in northern Ontario, Timmins, Ont. is second in the province with the lowest percentage of properties sold below asking price at 37 per cent.
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This is followed by Wilmot, Ont. with 49 per cent of properties sold below asking price, North Bay, Ont. with 50 per cent and Waterloo, Ont. with 53 per cent.
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Meanwhile, the area with the highest percentage of properties sold below asking price in Ontario was Blue Mountains, Ont., where almost all or 98 per cent sold below asking during the second quarter.
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Also in the top five Ontario areas most likely to sell below asking price are Niagara-on-the-Lake and Wasaga Beach both with 94 per cent, and Owen Sound and Fort Erie both with 93 per cent.
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PropertyMesh said at least 90 per cent of properties in Collingwood, Orangeville and Bracebridge also sell below asking price.
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