Tag: Bank of Canada
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.
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 […]