Tag: Interest rates
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 […]
As interest rates rise, small-time landlords look to sell off homes
Higher interest rates that have kept first-time homebuyers from entering the local housing market have now started to force mom-and-pop investors in London to sell their properties as their mortgage costs go up.
London-area jobless rate rises to highest level in a year
Amid job losses and a slowing national economy, the London-area unemployment rate rose more than half a point to 6.5 per cent in July.
Approval rate of new homes skyrockets at city hall, but developers want more
The number of new homes approved for construction by London city council so far this year is through the roof, nearly doubling the total from all of 2023 in just seven months, new city hall figures show.
Rent increases are slowing across Canada – and especially in London
Rents in London grew at a slower pace in July than they did across the country, which in turn posted its slowest growth in more than two years, the latest snapshot of the Canadian rental market shows. The average asking rent for all types of properties in the country was $2,201 in July, a year-over-year […]
Latest figures show dropping prices, slowing sales for London-area homes
Londonâs housing market began the second half of the year the same way it ended the first: on a rather sluggish note