Tag: Interest rates
London mortgage delinquencies double, more headwinds loom
The number of Londoners behind on their mortgage payments has doubled in the the past two years, as the burden of higher interest rates overwhelms some homeowners.
Ontario food bank usage hits grim milestone
New figures show more than one million Ontarians visited a food bank in the past year, amid record demand some say can’t be sustained.
London-area loses 3,600 jobs, capping difficult summer for workers
The London region shed about 3,600 jobs in August, marking the third consecutive month of job losses locally, the latest labour market snapshot shows. In total, the region has lost 7,300 positions since June, Statistics Canada reported Friday, capping what has been a difficult summer for job seekers across the country. Despite Augustâs employment decline, […]
London-area home sales slump in August, despite interest rate cuts
In whatâs shaping up as one of the London region’s slowest years for home sales, the local market saw one of its worst Augusts in recent history
ANALYSIS: Interest rate cuts not expected to boost London home prices
If you were counting on interest rate cuts leading to a jump in home prices before putting your property up for sale, you may be in for a decent wait.
‘Precarious’ gigwork grows as portion of London job offerings, alarming expert
The number of so-called gig economy jobs in London is on the rise, accounting for almost one in five new job postings, figures compiled by an area workforce development agency show.
Analysis: As interest rates ease, variable rate mortgages regain appeal
Two interest rate cuts by the Bank of Canada, and the expectation more are looming, have started to make variable-rate mortgages more enticing for some homebuyers, including in London, industry watchers say.
Legge: Overcoming NIMBYism key hurdle in increasing housing stock
Canada needs strategies that offer tangible benefits to existing homeowners to gain their support for increasing housing stocks where needed
Feeling cash-strapped, especially due to housing costs? You’re not alone
The level of financial anxiety detected in a national survey is reflected at the London Food Bank, with a sharp run-up in demand for help.
London real estate: Are we becoming a buyer’s market?
Home prices are down and so is the number of sales amid higher interest rates. That much we all know about Londonâs housing market. But thereâs certainly more happening on the ground than that. Thatâs why Free Press reporter Jonathan Juha took a closer look at the latest housing market figures to dig up other […]