Tag: Bank of Canada
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 […]