When discussing real estate markets, overvaluation, and plenty of other related things, it’s common to report on major cities like Toronto and Vancouver, however, not everyone lives in these cities. Many readers want to hear about their own places of residence and how long it takes to sell a house in their area. They want to hear what the markets have in store around where they hang their hat as well.

It’s important to note that Toronto and Vancouver alone contributed to nearly 30% of home sales Canada wide. That’s an incredibly significant number, and serves to defend just why these two cities are constantly in the news. The percentage was taken in 2015, just 4 years ago. That’s not a large timeline when considering real estate markets.

However, due to recent events, examples being the mortgage stress test, the two cities have cooled off quite a bit. Their real estate markets are now only contributing around 22%. Although this is still incredibly high, it is much smaller than it once was, dropping nearly 8%.

Now that Toronto and Vancouver are contributing to Canada’s overall housing sales at a much lower rate, we have deemed it time to take into account all of the other real estate markets that contribute to Canada’s overall housing sales. We will be using statistics from the Canadian Real Estate Association, in order to provide you with just how long it may take to sell your house, in a variety of real estate markets all over Canada.

Toronto and Vancouver may have experienced cooling in regards to their housing sales, but the two cities are still labelled as maintaining markets in which houses “fly off the shelves”, incredibly fast. Windsor joins them, with an average time of selling at just over 12 days. That’s insane compared to other markets! Saguenay, Quebec, maintains a selling time of over 134 days. Quite the difference.

According to statistics from the CREA, Quebec is on the bottom of the list in terms of selling time. Most of the province’s cities are beaten by maritime cities, oddly enough. Many say that it’s because french Canadians like to their time, or that english Canadians are just really pushy when it comes to getting things done. The large gap between Quebec selling times and Ontario’s selling times may also be due to the social norms of both provinces. Ontario residents are used to getting things done quickly, where as Quebec residents take their time, and seek perfection.

 

Below you’ll find the amount of days on average it takes to sell a house across several Canadian real estate markets.

 

Quebec

Saguenay – 134 Days

Quebec City – 123 Days

Sherbrooke – 109 Days

Trois-Rivieres – 99 Days

Gatineau – 75 Days

Montreal – 74 Days

 

Alberta

South central Alberta – 94.5 Days

Central Alberta – 73 Days

Lethbridge – 65 Days

Medicine Hat – 58.5 Days

Fort McMurray – 58 Days

Edmonton – 57 Days

Calgary – 52 Days

 

Newfoundland

St. Johns – 92.5 Days

 

Ontario

Timmins – 85 Days

Sault Ste. Marie – 57 Days

Bancroft – 53.5 Days

Rideau – 48 Days

Cornwall – 45.5 Days

North Bay – 42 Days

Tillsonburg – 40.5 Days

Grey Bruce Owen Sound – 40.5 Days

Southern Georgian Bay – 37 Days

Ottawa – 36 Days

Thunder Bay – 35.5 Days

Northumberland Hills – 35 Days

Muskoka – 35 Days

Orillia – 35 Days

Sudbury – 33.5 Days

Barrie – 32 Days

Quinte – 31 Days

Huron Perth – 30 Days

Niagara Region – 28 Days

Oakville – 28 Days

Milton – 28 Days

Brampton – 27 Days

Kingston – 26.5 Days

Peterborough – 25 Days

Simcoe – 24 Days

Kitchener – 24 Days

Waterloo – 24 Days

Hamilton – 24 Days

Burlington – 24 Days

Guelph – 24 Days

Toronto – 23 Days

Mississauga – 23 Days

Chatham-Kent – 22 Days

Brantford – 22 Days

Durham Region – 21 Days

Cambridge – 20 days

Kawartha Lakes – 18 Days

London – 15 Days

Windsor – 12 Days

 

British Columbia

South Okanagan – 73.5 Days

Greater Vancouver – 56 Days

Vancouver Island – 44.5 Days

Northern B.C. – 43.5 Days

Chilliwack – 42 Days

Victoria – 31 Days

 

Manitoba

Brandon – 71 Days

Winnipeg – 25 Days

 

Nova Scotia

Nova Scotia – 69 Days

 

New Brunswick

Saint John – 67 Days

Fredericton – 66 Days

 

Saskatchewan

Regina – 62 Days

Saskatoon – 45 Days

 

P.E.I.

Prince Edward Island (P.E.I.) – 59 Days