Housing London Free Press

New home prices in London drop, buyers gain clout: ‘Tight market’

3 min read

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 agency’s latest new housing price index – representing changes over time in the selling price of new residential houses […]

Owen Sound Sun Times

Rotary Club examines redevelopment of aging Godfrey Apartments in Meaford

6 min read

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 […]

Columnists Housing London Free Press

Snaith: Will new mortgage rules help more young Canadians buy homes?

4 min read

Stuart Snaith, University of Victoria In a bid to address Canada’s housing crisis, Deputy Prime Minister and Finance Minister Chrystia Freeland announced new changes to mortgage rules on Sept. 16, set to take effect in December, aimed at making housing more affordable. The first major change is an increase in the price cap for insured […]

Housing London Free Press

30-year mortgage option may spark London’s sluggish housing market: Brokers

3 min read

A decision by Ottawa to allow first-time homebuyers to access 30-year mortgages for resale properties may give London’s sluggish housing market a much-needed jolt, with local industry watchers saying the move already is sparking interest among would-be buyers. Earlier this week, Finance Minister Chrystia Freeland announced changes to mortgage rules, moving the cap for insured […]