Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeReal EstateThe surprising Northern Ontario city where housing deals are rareHouses in Thunder Bay were on the market for the second shortest period of time at 12 daysLast updated 23 minutes ago The PropertyMesh report said 91 per cent of houses listed in Thunder Bay sold within 30 days and 63 per cent sold within 14 days. Photo by James MacDonald/Bloomberg via Getty ImagesHomebuyers looking for property in small or medium-sized Ontario markets may be hard pressed to find deals in some regions. A report by real estate listing site PropertyMesh identified the areas in which houses were least likely to sell below their asking price.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe report, based on MLS resale records of Ontario houses sold between April and July, found Thunder Bay, Ont. to be city with the lowest number of properties sold below their asking price. It said just 21 per cent of properties in the northern city sold below asking in the second quarter of 2026.Houses in Thunder Bay were on the market for the second shortest period of time at 12 days. The report said 91 per cent of houses in the city sold within 30 days and 63 per cent sold within 14 days.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try againTimmins, also in northern Ontario, had the second lowest percentage of properties sold below asking, with 37 per cent.This was followed by Wilmot, Ont., where 49 per cent of properties sold below the asking price; North Bay, Ont. with 50 per cent, and Waterloo, Ont. with 53 per cent.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.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.PropertyMesh said at least 90 per cent of properties in Collingwood, Orangeville and Bracebridge also sell below asking price. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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