No Deep Freeze for This January's Real Estate Market

Remember life before the global economic crash? It was 2007 and everything was going well until the crash hit and everything went crazy. The housing market took a bit of a beating, and while it wasn't as dire as the US market, Canada’s housing market, including London, Ontario, saw a few rough years.

New Developments in London, ON: December 2014

The new development market in London, Ontario forges on, with 65 projects currently at various stages of development in the month of December 2014, according to Buzz Buzz Home. CMHC’s Housing Now fourth quarter update indicates that there has been a steady increase in buyers in the 24-25 years and 55+ year age groups who are representing a large share of the condominium market.

Long Winter Makes For A Hot Summer Market!

This past winter was long and cold for everyone, and the real estate market in London, Ontario and the surrounding areas seemed like it went into a bit of a hibernation as as result. Things were slow to thaw and a late spring contributed to the extended winter. However, it looks like the summer has been making up for lost time and overcompensating for the low number of sales in the early months of the new year.

London, ON's Affordable Real Estate

London, ON's reputation as a great city is in part due to its awesome neighbourhoods, but more and more people are migrating to the area for its affordable real estate. Just type “London, Ontario” into Realtor.ca to see for yourself. According to the latest real estate statistics for London, ON and the St. Thomas area, 170 condos were sold in April, which was up 18.1% from the same time the previous year. The average year-to-date price of a condo stood at $174,680 in April, while a single-family detached dwelling was $266,536.