Tag: Interest rates
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 […]
Why does fast-growing London rank 47th in Canada in housing starts?
A new report highlights just how inadequate Londonâs pace of home construction has been over the last six years, ranking the city â one of the nation’s fastest-growing â 47th in Canada.
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.
More cuts loom as Thames Valley board faces $6.4M budget hit
More cuts loom at the Thames Valley District school board as it faces a $6.4-million budget hit on top of its $7.6-million deficit