PropertyMesh Research

Ontario Market Heat Index

How fast homes sell, how often they fetch asking price, and how much room buyers have to negotiate — measured city by city from MLS sold data, with relisting chains merged so the numbers reflect a home's full time on the market.

Period
Rolling 90 days
Status
LIVE
Last updated
August 31, 2026
Eligible sales
36,879
Qualifying cities
115
Methodology
v1.1 · notes

Rolling snapshot of the last 90 days (2026-06-03 to 2026-08-31). These figures update nightly as new sold data arrives and are not final — quarterly figures are finalized and frozen after each quarter closes.

Ontario at a Glance — Rolling 90 days

28 days
Median market time (CDOM, days)
unchanged vs 2026 Q2
52.6%
Sold within 30 days (%)
-0.4 pts vs 2026 Q2
20.7%
Sold at/above original asking (%)
-2.3 pts vs 2026 Q2
96.3%
Median sale-to-original-list ratio
-0.1 pts vs 2026 Q2
18.1%
Listings with a price reduction (%)
+0.9 pts vs 2026 Q2
partial history — see methodology
5.0%
Median discount when below asking (%)
unchanged vs 2026 Q2

City Rankings — Rolling 90 days

All property types · sorted by median market time — click any column to re-sort, click a city for its history. Cities below the disclosure floor (50 eligible sales) are listed but not ranked.

Median market time: How many days the typical home takes to sell, counting from when it first hit the market (relistings included). Fewer days = hotter market.
What does each column mean?
Sales:
How many eligible home sales the numbers are based on — more sales = more reliable numbers.
Median market time:
How many days the typical home takes to sell, counting from when it first hit the market (relistings included). Fewer days = hotter market.
Sold ≤ 30 days:
Share of homes that sold within a month. Higher = hotter market.
At/above asking:
Share of homes that sold for the original asking price or more. Higher = sellers are getting their price (hotter market).
Sale ÷ original ask:
The typical sale price as a share of the first asking price. 100% = homes sell for exactly what sellers first asked; below 100% = buyers pay less.
Reduction rate:
Share of sold homes that cut their asking price at least once before selling. Higher = sellers are having to lower expectations (cooler market).
Median discount:
When a home does sell below asking, this is the typical discount buyers got.
City ranking with median market time, sold-within-30-days share, at-or-above-asking share, sale-to-original-list ratio, price-reduction rate and median discount. Click a column heading to sort; click a city for its historical trend.
1Wellington North5059 days38.0%8.0%95.0%24.0%5.9%
2Prince Edward County13151 days32.1%12.2%94.5%18.3%6.5%
3Trent Hills7448 days37.8%14.9%93.9%18.9%7.7%
4Huntsville11447 days35.1%9.6%92.6%25.4%8.0%
5West Grey5247 days40.4%7.7%95.0%19.2%5.6%
6Clearview6846 days35.3%7.4%92.8%33.8%7.9%
7Collingwood14346 days38.5%4.9%94.0%26.6%6.2%
8King5846 days44.8%13.8%93.8%12.1%7.7%
9Wasaga Beach15945 days40.3%6.9%95.5%16.4%4.9%
10Blue Mountains5544 days29.1%5.5%92.9%20.0%7.8%
11Norfolk13044 days41.5%13.1%94.9%31.5%5.9%
12Tiny7443 days41.9%9.5%91.3%17.6%9.0%
13Fort Erie16442 days42.1%10.4%94.5%25.6%6.2%
14Brighton5842 days37.9%17.2%96.2%32.8%4.9%
15Middlesex Centre6541 days40.0%24.6%95.8%21.5%6.4%
16Rideau Lakes5541 days43.6%14.5%92.6%25.5%7.8%
17Tillsonburg8541 days36.5%12.9%94.5%35.3%6.3%
18Russell8140 days45.7%12.3%97.1%29.6%3.6%
19Carleton Place7240 days38.9%11.1%97.4%29.2%3.2%
20Clarence-rockland12040 days43.3%15.8%96.8%19.2%3.6%
21Belleville22639 days43.4%13.3%96.0%24.8%4.9%
22Niagara-on-the-lake9139 days38.5%4.4%94.6%24.2%5.5%
23Central Elgin5338 days41.5%17.0%94.5%20.8%7.2%
24New Tecumseth13538 days43.0%9.6%95.9%21.5%5.0%
25North Grenville7938 days40.5%21.5%97.8%15.2%3.3%
26Springwater6738 days44.8%10.4%96.4%19.4%3.9%
27Dysart Et Al7638 days39.5%18.4%95.5%23.7%6.5%
28Aurora17437 days42.5%17.8%95.6%15.5%6.2%
29Port Colborne6037 days46.7%13.3%95.0%26.7%6.2%
30Haldimand11936 days45.4%10.1%94.1%30.3%6.5%
31Kawartha Lakes34136 days44.3%13.2%95.0%21.7%6.0%
32Midland5836 days41.4%6.9%95.2%24.1%5.4%
33Niagara Falls30336 days45.5%17.5%95.3%25.7%6.0%
34Saugeen Shores9436 days43.6%20.2%95.7%30.9%5.2%
35Brant9036 days42.2%14.4%96.0%14.4%4.6%
36Welland18036 days45.0%6.1%94.7%31.1%5.7%
37West Nipissing5036 days44.0%10.0%95.4%24.0%4.8%
38Essa6735 days41.8%7.5%95.3%17.9%5.3%
39Quinte West18035 days44.4%21.7%96.9%28.3%4.8%
40South Bruce Peninsula5135 days41.2%19.6%93.9%13.7%8.2%
41Brockville9335 days48.9%16.1%96.5%29.0%5.1%
42Orangeville9035 days46.7%11.1%95.7%21.1%4.6%
43Frontenac14334 days44.1%14.7%95.1%23.1%6.6%
44Loyalist8234 days47.6%12.2%96.8%18.3%3.7%
45Oakville69134 days47.2%12.7%95.0%17.5%5.8%
46Orillia15134 days45.7%12.6%95.6%21.9%5.3%
47South Stormont5634 days48.2%25.0%95.7%28.6%6.0%
48Stratford11134 days48.6%19.8%96.9%27.9%4.6%
49Guelph39834 days47.5%17.6%96.1%21.4%4.9%
50Lincoln9033 days43.3%10.0%96.0%15.6%4.4%
51Owen Sound7533 days46.7%8.0%96.1%20.0%4.4%
52Pembroke6533 days44.6%12.3%95.6%33.8%4.6%
53Richmond Hill51733 days48.2%29.8%96.5%13.7%6.0%
54Georgina19132 days48.7%15.7%95.2%22.5%5.3%
55Mississippi Mills5532 days47.3%12.7%96.1%12.7%4.4%
56Thorold9132 days48.4%18.7%94.9%24.2%6.2%
57Lambton Shores5432 days46.3%20.4%96.3%11.1%5.8%
58Caledon18831 days48.4%12.2%95.6%16.0%5.1%
59Ramara5131 days49.0%5.9%94.7%15.7%5.4%
60Scugog7431 days50.0%10.8%96.6%13.5%3.8%
61Cobourg9430 days51.1%17.0%96.2%17.0%5.5%
62Cornwall18730 days50.3%19.8%97.0%31.6%4.2%
63Hamilton1,22930 days50.0%14.4%95.6%23.2%5.5%
64Oro-medonte8030 days51.3%16.3%96.0%17.5%4.9%
65Bradford West Gwillimbury12429 days52.4%14.5%95.9%15.3%4.9%
66Innisfil15329 days52.3%15.0%95.7%11.1%4.7%
67London1,15229 days51.8%17.1%96.3%20.6%4.7%
68Wilmot5229 days53.8%34.6%97.9%23.1%5.2%
69Grimsby10629 days51.9%12.3%95.3%15.1%5.8%
70Centre Wellington13628 days54.4%14.0%96.4%19.9%4.5%
71East Gwillimbury10928 days53.2%23.9%96.1%21.1%6.1%
72Kincardine6728 days55.2%17.9%96.0%20.9%4.7%
73Mississauga1,37728 days53.0%19.1%96.1%14.5%4.9%
74Selwyn7528 days54.7%21.3%95.5%18.7%6.7%
75Vaughan76328 days53.3%21.8%96.0%12.7%5.4%
76Whitchurch-stouffville14228 days52.8%16.9%96.8%24.6%4.0%
77Gravenhurst5828 days53.4%13.8%94.6%10.3%6.5%
78Tay5228 days51.9%11.5%96.5%25.0%3.9%
79Barrie50227 days54.8%11.2%96.5%14.1%4.0%
80Burlington63727 days54.5%15.7%96.2%18.8%4.8%
81Kingston43327 days54.3%14.5%96.4%17.8%4.4%
82Minden Hills5527 days54.5%12.7%95.8%10.9%6.1%
83Ottawa3,10427 days54.9%20.0%97.2%19.3%3.8%
84St. Catharines39627 days55.3%14.4%96.3%24.0%4.5%
85Toronto5,89227 days55.0%25.0%96.3%13.9%5.6%
86Uxbridge7127 days54.9%14.1%96.1%15.5%4.8%
87Brampton1,31126 days55.5%21.9%96.2%11.4%5.0%
88Brantford22426 days57.1%17.9%96.5%18.3%4.5%
89Milton37626 days58.0%17.3%96.8%16.2%3.9%
90Petawawa8226 days61.0%22.0%97.3%30.5%4.3%
91Peterborough26126 days59.4%15.4%96.4%20.3%4.0%
92St. Thomas16426 days54.9%14.0%96.3%25.0%4.4%
93Bracebridge8625 days57.0%11.6%95.9%14.0%4.9%
94Markham82625 days59.7%35.6%97.0%12.2%5.6%
95Pelham6725 days55.2%19.4%96.1%19.4%5.2%
96North Perth5025 days58.0%22.0%97.4%24.0%3.2%
97Pickering34124 days61.9%27.6%97.4%10.6%4.3%
98Woodstock18424 days58.2%12.5%96.6%23.4%4.0%
99Cambridge32623 days60.4%36.2%97.9%19.9%4.1%
100Kitchener51523 days61.7%41.6%98.8%15.3%4.2%
101Newmarket23923 days59.8%24.7%96.3%16.7%5.2%
102Halton Hills16822 days61.3%10.7%95.8%16.7%4.9%
103Severn5722 days56.1%12.3%93.2%21.1%7.7%
104Waterloo29022 days59.7%38.3%98.4%12.4%4.4%
105Muskoka Lakes8321 days55.4%13.3%93.9%18.1%7.4%
106Oshawa45521 days62.6%28.8%97.6%12.7%4.1%
107Whitby38821 days63.9%24.5%97.2%13.7%4.3%
108Ajax25420 days66.5%33.1%97.9%6.7%3.7%
109Clarington35120 days65.2%26.8%97.6%12.0%3.9%
110Port Hope6620 days63.6%24.2%96.7%18.2%4.5%
111Strathroy-caradoc7719 days62.3%18.2%96.6%19.5%3.8%
112Kenora6016 days86.7%66.7%101.8%6.7%5.2%
113North Bay20315 days75.9%39.9%98.3%18.7%4.4%
114Thunder Bay32814 days84.5%71.6%104.9%6.4%4.6%
115Timmins16614 days78.3%65.1%104.2%7.2%5.5%

The shaded column (median market time) is coloured from cooler (blue) to hotter (red) market. Scroll the table sideways for more columns — the city column stays put.

On the Map — Median market time

Each dot is a qualifying city, colored by median market time (cdom, days). Every mapped value also appears in the city ranking table above.

Median market time
CoolerHotter

City History — Welland

A quarterly, plain-English view of how quickly Welland homes sold (all property types), how often they sold at or above the original asking price, how often sellers reduced their price, and how many sales were included.

View quarter

2026 Q3 is still in progress: figures can change as additional sales are recorded, until the quarter is finalized.

What changed in 2026 Q3

The typical sale took 31 days, 4 days shorter than 2026 Q2. The at/above-asking share fell to 4.6%, while price reductions became more common.

Selling time−4 daysvs 2026 Q2
At/above asking−7.3 ptsvs 2026 Q2
Reduction rate+0.9 ptsvs 2026 Q2
Sample strengthStrong

108 eligible sales — 2.2× the disclosure floor. A larger sample doesn't remove seasonality or property-mix effects.

How many sales support this?
Total homes sold
108
−86 vs 2026 Q2
How quickly did homes sell?
Typical selling time
31 days
4 days faster vs 2026 Q2
How often was asking met?
Sold at/above asking
4.6%
−7.3 pts vs 2026 Q2
How often were prices cut?
Price reduction rate
28.7%
+0.9 pts vs 2026 Q2
How did sale compare to ask?
Sale-to-original-ask
95.2%
+0.3 pts vs 2026 Q2

1. Typical selling time

Median market time in days (relisting chains merged). Lower = homes generally sold faster.

0102030402026 Q22026 Q32026 Q2: Typical selling time 35d35d2026 Q3: Typical selling time 31d31d
Homes took 4 days less to sell than in 2026 Q2.

2. Pricing behaviour

The two pricing measures are split into separate charts because their ranges are very different.

Sold at or above original asking

Share of sales that met or beat the seller's starting price.

0%5%10%15%20%2026 Q22026 Q32026 Q2: Sold at or above original asking 11.9%11.9%2026 Q3: Sold at or above original asking 4.6%4.6%

Received a price reduction

Share of sold homes with at least one asking-price cut.

0%10%20%30%2026 Q22026 Q32026 Q2: Received a price reduction 27.8%27.8%2026 Q3: Received a price reduction 28.7%28.7%

These answer different questions — a reduction rate is not the opposite of an at-or-above-asking rate, so read each on its own. Note the two charts use different scales.

Sale ÷ original ask100% = matched the original asking price

2026 Q3: 95.2% — the typical sale closed 4.8% below the original asking price.

Compared with 2026 Q2, the at/above-asking share moved −7.3 pts and the reduction rate moved +0.9 pts.

3. Total homes sold

Sales volume shown separately so it can't distort or compete with price and market-time metrics.

0501001502002026 Q2: 194 eligible sales1942026 Q22026 Q3: 108 eligible sales1082026 Q3
A larger sample usually produces a more stable market reading. Quarters marked * are below the disclosure floor and shown for context only.

For buyers

In 2026 Q3, 28.7% of sold homes had a price reduction, while 4.6% still sold at or above the original asking price. Read both together rather than treating either as the whole picture.

For sellers

The typical sold home took 31 days to sell, and the typical sale-to-original-ask ratio was 95.2%. That describes completed sales in this period; it doesn't guarantee the same result for an individual property.

2026 Q3 summary for Welland: 108 homes sold; typical selling time 31 days; 4.6 percent sold at or above original asking; 28.7 percent received a price reduction; sale-to-original-ask ratio 95.2 percent.

Quarterly history for Welland
QuarterSalesMedian market timeAt/above askingReduction rateSale ÷ original ask
2026 Q219435 days11.9%27.8%95.0%
2026 Q310831 days4.6%28.7%95.2%

* below the disclosure floor for that quarter.

Market speedRolling 90 days

How fast homes actually sell, measured on full relisting chains — a home relisted three times counts its whole time on market, not just the last listing.

28 days
Median market time (CDOM, days) (Ontario)
10.0%
Sold within 7 days (%) (Ontario)
27.7%
Sold within 14 days (%) (Ontario)
52.6%
Sold within 30 days (%) (Ontario)
24.6%
On market over 60 days (%) (Ontario)
City ranking with median market time, sold-within-30-days share, at-or-above-asking share, sale-to-original-list ratio, price-reduction rate and median discount. Click a column heading to sort; click a city for its historical trend.
1Wellington North5059 days2.0%14.0%38.0%50.0%
2Prince Edward County13151 days4.6%12.2%32.1%44.3%
3Trent Hills7448 days8.1%16.2%37.8%35.1%
4Huntsville11447 days6.1%14.0%35.1%36.0%
5West Grey5247 days7.7%17.3%40.4%44.2%
6Clearview6846 days2.9%19.1%35.3%41.2%
7Collingwood14346 days2.8%15.4%38.5%37.8%
8King5846 days8.6%20.7%44.8%44.8%
9Wasaga Beach15945 days7.5%18.2%40.3%40.9%
10Blue Mountains5544 days1.8%10.9%29.1%41.8%

Asking-price performanceRolling 90 days

How sale prices compare with what sellers originally asked. Ratios use the first asking price of the relisting chain, so re-lists at a lower price cannot flatter the numbers.

20.7%
Sold at/above original asking (%) (Ontario)
96.3%
Median sale-to-original-list ratio (Ontario)
97.4%
Median sale-to-final-list ratio (Ontario)
City ranking with median market time, sold-within-30-days share, at-or-above-asking share, sale-to-original-list ratio, price-reduction rate and median discount. Click a column heading to sort; click a city for its historical trend.
1Thunder Bay32871.6%104.9%104.9%
2Kenora6066.7%101.8%101.8%
3Timmins16665.1%104.2%104.2%
4Kitchener51541.6%98.8%98.8%
5North Bay20339.9%98.3%98.7%
6Waterloo29038.3%98.4%98.4%
7Cambridge32636.2%97.9%98.3%
8Markham82635.6%97.0%97.5%
9Wilmot5234.6%97.9%98.4%
10Ajax25433.1%97.9%98.1%

Price reductionsRolling 90 days

How often sellers cut the price before selling, how quickly, and by how much. Total reduction sums every observed cut against the original asking price.

18.1%
Listings with a price reduction (%) (Ontario)
31 days
Median days to first reduction (Ontario)
4.0%
Median first reduction (%) (Ontario)
4.0%
Median total reduction (% of original ask) (Ontario)

Price-change events have been captured in full since August 2026; earlier windows reflect the last observed change per listing only, so reduction figures for this period are a floor, not an exact rate.

City ranking with median market time, sold-within-30-days share, at-or-above-asking share, sale-to-original-list ratio, price-reduction rate and median discount. Click a column heading to sort; click a city for its historical trend.
1Tillsonburg8535.3%37 days3.3%4.0%
2Clearview6833.8%56 days5.9%5.7%
3Pembroke6533.8%26 days4.0%3.8%
4Brighton5832.8%29 days3.8%4.1%
5Cornwall18731.6%35 days3.4%3.4%
6Norfolk13031.5%44 days4.3%4.1%
7Welland18031.1%25 days3.4%3.4%
8Saugeen Shores9430.9%52 days3.8%3.8%
9Petawawa8230.5%20 days3.3%3.3%
10Haldimand11930.3%47 days4.1%4.1%

Buyer negotiating roomRolling 90 days

When homes sell below the original asking price, how large the gap typically is.

79.3%
Sold below original asking (%) (Ontario)
5.0%
Median discount when below asking (%) (Ontario)
City ranking with median market time, sold-within-30-days share, at-or-above-asking share, sale-to-original-list ratio, price-reduction rate and median discount. Click a column heading to sort; click a city for its historical trend.
1Niagara-on-the-lake9195.6%5.5%
2Collingwood14395.1%6.2%
3Blue Mountains5594.5%7.8%
4Ramara5194.1%5.4%
5Welland18093.9%5.7%
6Midland5893.1%5.4%
7Wasaga Beach15993.1%4.9%
8Clearview6892.6%7.9%
9Essa6792.5%5.3%
10West Grey5292.3%5.6%

Reports & Guides

Deeper analysis built on the same finalized snapshots, plus evergreen explainers for the metrics on this page.

The fastest-selling housing markets in Ontario

Median market time rankings, speed distribution and the biggest movers.

Where Ontario homes sell above asking

Above-ask rates and both sale-to-list ratios — with the list-low context.

Ontario home price reductions

Where sellers are cutting, how fast, and how deep.

Homebuyer negotiating room

Where the asking-to-sold gap is widest — and what it can’t promise.

Detached home market heat

The detached segment: speed, asking-price performance and reductions.

Condo market heat

Condo apartments, tracked separately from freehold.

Townhouse market heat

Freehold rows and condo townhouses, side by side.

City report: Whitby

Ontario’s fastest-selling market, up close.

City report: Kitchener

The province’s most competitive market on asking price.

City report: Hamilton

A big market where price reductions run high.

Toronto neighbourhoods (pilot)

Neighbourhood-level market speed — our below-city pilot.

Guide: Days on market (DOM), explained

What DOM measures and how relistings distort it.

Guide: Original vs final asking price

Why the first ask is the honest benchmark.

Guide: Home price reductions

Reading cut history as a buyer; timing a cut as a seller.

Guide: Sale-to-list price ratio

How to read 98% vs 103% — and the list-low trap.

Archive & Downloads

Every published period, including the current quarter-to-date snapshot. Preliminary figures change nightly; finalized periods are frozen and never change without a visible revision. CSV downloads include the full city × property-type aggregate table (plus the Toronto neighbourhood pilot rows) with methodology version and usage notes.

Usage conditions: figures are free to cite and republish in aggregate form with attribution to “PropertyMesh Ontario Market Heat Index” and a link back to this page. Don’t present them as official board statistics, strip the disclosure flags, or use them as investment advice — full rules in the methodology.

Historical archive of Market Heat Index periods
PeriodStatusSales analysedFinalizedDownload
2026 Q3Preliminary · quarter to date23,362Through August 31, 2026CSV
2026 Q2REVISED (rev 2)36,197August 27, 2026CSV

Methodology & Notes

Source. MLS sold records for Ontario resale residential properties (detached, semi-detached, freehold and condo townhouses, condo apartments), refreshed nightly. Sales are dated by the purchase-contract date.

Market time. The MLS feed does not provide a reliable cumulative days-on-market figure, so we compute our own: when a home is relisted (same address and unit, prior listing ending within a validated window), the listings are chained together and time on market accumulates across the whole chain.

Asking-price ratios. Sale-to-original-list uses the first asking price of the relisting chain — a home relisted at a lower price cannot flatter the ratio. Sale-to-final-list uses the sold listing's last asking price.

Price reductions. Reduction metrics count observed price-decrease events; the total reduction sums all cuts against the original asking price (increases are ignored). Full event capture began in August 2026 — periods starting earlier are flagged as partial and understate reduction activity.

Disclosure floors. City figures require at least 50 eligible sales for the period (25 per property-type cut). Cells below the floor are shown as “insufficient data” rather than ranked — small samples produce unstable, misleading rates.

Coverage. Figures are based on TRREB (Toronto Regional Real Estate Board) transactions via the PropTx feed. Coverage of the Greater Toronto Area is comprehensive; outside the GTA, only sales involving a TRREB member are captured, so coverage is partial and cities below the disclosure floor are shown but not ranked. The series starts in Q3 2025; the feed's historical coverage before that is incomplete and would misstate the market. Toronto MLS districts are merged into Toronto, and London's feed subdivisions are merged into London.

Frozen periods. Completed quarters and years are finalized and frozen: their published values never change silently. Corrections are released as visible revisions with a reason.

Privacy & rights. Everything published here is an aggregate that meets the disclosure floors above. Individual sold prices are not shown on this page; listing-level sold data is available on PropertyMesh behind a free sign-in, per MLS data rules.

Citing this data. Free to cite with attribution to PropertyMesh (“PropertyMesh Ontario Market Heat Index”). Each archived period has a CSV download with the full aggregate table, methodology version and usage notes. For questions or custom cuts, contact us.