REAL ESTATE BLOG

We are now in one of the strangest housing markets ever experienced. Still experiencing the effects of Covid and coming off one of the highest spending years in Consumer history in 2021 we are now facing record inflation. Supply lines to the end user are still recovering their momentum and the Bank of Canada is pushing to 3.5% lending rates to the Big Banks and about to increase again.  Americans are not affected the same as Canadians as they have 30-year locked in mortgages.  We...

This is your overview for February for our city. Sales in both January and February virtually matched the sales for the same period a year ago.  401 Homes changed hands in January and 594 homes changed hands in February. The time it takes to sell the average home across the city has been trending downward since November and December last year where it sat at 11 days. Jn January this timeframe dropped to 10 days in January then down to 9 days in February.  This change is driven by...

CITY OF LONDON: The number of homes sold increased 15.2% across the city in 2021 over the previous year.    8,029 homes changed hands across London. The number of new listings remained limited based on increasing demand, declining almost 50% in December to 282 new listings across the city. Based on consumer demand, this drove Months’ Supply down, to about only a month’s supply, this was down from almost 3 months’ supply back at the start of the pandemic....

2020 Sales Results in London St. Thomas CITY OF LONDON OVERVIEW: Well, it is time to say goodbye to an incredibly challenging and interesting year of changes in our lives and in our housing market, a market driven by changes to lifestyle because of Covid-19. Highest case counts embrace the city of Toronto.  Business Lockdowns have established a large “Work from Home” base across the province. Technologies such as computer video cameras and cell phone video cameras, zoom...