Tag: Interest rates
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 […]
Record haul for Business Cares food drive: ‘Never ceases to amaze’
Londonâs Business Cares food drive closed its helping campaign on Thursday, setting a record for food and money collected
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
Building lag may cost city hall millions in Queen’s Park housing cash
London is on the verge of losing millions of dollars in provincial funding for missing its housing starts target for 2024, a goal the city could easily hit if builders followed through on all projects approved by council. As of Oct. 31, city hall had issued building permits for 3,282 units in 2024 alone, an […]
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 adds 3,000 new jobs as employment trend stays positive
The London-area economy added close to 3,000 jobs in November, but the regionâs jobless rate still edged up last month as more people looked for work, Statistics Canada reported Friday. In total, the London area, which also takes in St. Thomas, Strathroy and portions of Elgin and Middlesex County, added 2,700 new positions, marking the […]
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.
Could big Trump tariffs slow London-area housing demand?
Industry watchers appear divided over the potential impact on Londonâs housing market of possible tariffs on Canadian exports to the U.S., especially if they lead to Volkswagen pulling the plug on its St. Thomas battery plant.
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
The city enjoyed a 3.2 per cent spike in the value of goods made here, called gross domestic product or GDP, in 2023. However, inflation and interest rates have taken hold to slow that to 1.7 per cent
London’s once hot economy remains âhealthyâ although it slowed this year to a steady pace that is expected to continue through 2025, says an economic report released Thursday. London enjoyed a 3.2 per cent increase in the value of goods made here, called gross domestic product or GDP, in 2023. However, higher inflation and interest […]