Tag: Bank of Canada
Interest rates, Donald Trump and London’s 2025 housing market outlook
London’s housing market ended 2024 on a positive note, bolstered by a strong fall that helped the region reach 8,000 homes sold for the first time in three years. All signs pointed to an even stronger 2025 amid lower interest rates and new mortgage rules meant to help first-time buyers. But clouds are now on […]
More Londoners falling behind on mortgage payments: CMHC
The number of Londoners behind on mortgage payments has tripled during the past two years, reaching rates not seen since 2017.
Here’s why London-area home sales hit three-year high in 2024
A stronger second half of the year, spurred by dropping interest rates, helped boost London’s housing market.
Owen Sound mayor highlights 2024 accomplishments
Owen Sound Mayor Ian Boddy says the city has made some huge decisions in 2024, including important deals with its neighbouring municipalities, new services for its own ratepayers and renewed agreements with its community partners. Boddy gave his year-end update during the city’s last regular council meeting on Monday (Dec. 16), where he outlined dozens […]
Housing starts in London region forecast to fall in 2025
The number of housing starts in the London region is expected to drop in 2025 as fewer apartment towers will get built next year, the head of the regionâs home builders association said Monday. Â
Grey-Bruce home sales ‘rocket up’ in November
The real estate market in Grey-Bruce is suddenly extra hot as buyers take advantage of lower interest rates. The association that represents local realtors is reporting that home sales in the region rocketed up more than 43 per cent in November, when compared to the same month in 2023. With a total of 228 homes changing […]
London-area housing market rebounds as realtors eye ‘steady, solid’ 2025
Londonâs housing market appears to be staging something of a comeback in the latter part of 2024 with both home sales and prices rebounding in November, the latest housing market snapshot shows.
Modest growth in London area home prices, sales in 2025: Forecast
London’s housing market is projected to pick up pace in 2025, but don’t expect a return to the craze of the pandemic years
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.