Tag: Bank of Canada
Conditional offers returning to lukewarm London housing market
Buyers in the London areaâs sluggish real estate market appear to be using their leverage to include âescape clausesâ in purchase offers, local realtors report.
Tighter immigration seen as ‘golden opportunity’ to get ahead of housing crisis
A population decline is expected during the next two years, following cuts by Ottawa to its immigration target.
Slight decline in London average asking rents in October
The average asking rent for London apartments declined slightly in October, a new market snapshot shows
London unemployment rate holds steady, even as more jobs created
The London area added 1,400 new jobs in October, the second straight month of employment gains for the region, Statistics Canada reported Friday. Despite the gains, which followed an abysmal summer in which London shed about 7,300 positions, the jobless rate for the region was unchanged from Septemberâs 6.4 per cent. Thatâs the result of […]
Grey-Bruce home sales surge for second straight month in October
Grey-Bruce home sales continue to show strength in line with recent interest rate cuts by the Bank of Canada. For the second straight month, home sales in the region were up sharply compared to the same month a year ago. According to the area’s real estate association, sales totalled 238 units in October, which was […]
Realtors see reasons for optimism as London-area home sales rise
Homes sales in the London region picked up for a second straight month in October, signalling more buyers are willing to pull the trigger on purchases amid lower interest rates, the latest housing market snapshot shows. A total of 661 homes exchanged hands in October, 135 more than in the same month last year, the […]
New home prices in London drop, buyers gain clout: ‘Tight market’
Higher interest rates that created lacklustre demand and slowed home sales in London also appear to be forcing prices on new homes to drop, the latest market snapshot from Statistics Canada shows. According to the federal agencyâs latest new housing price index â representing changes over time in the selling price of new residential houses […]
No, Canada’s half-point interest rate cut won’t ignite London-area home sales
Wednesday’s supersized interest rate cut by the Bank of Canada may finally pull some buyers and sellers back into London’s housing market, but don’t expect the latest drop to heat it up much just yet, industry watchers say.
London-area housing market bouncing back from slow summer, new figures show
Londonâs housing market showed signs of recovery in September, with both home sales and average prices trending slightly higher, just-released statistics show.
Rotary Club examines redevelopment of aging Godfrey Apartments in Meaford
Providing affordable apartment rentals is becoming increasingly unaffordable for the Rotary Club of Meaford, which is faced with an aging apartment complex and increasing expenses. The Rotary Club owns the Godfrey Apartments in Meaford — a 32-unit, four-building apartment complex on Nelson Street West with an average monthly rent of $751. Phil Cant, chair of […]