Tag: London housing
Property manager denies tenants being evicted to raise rents
Sparks are flying over the eviction of tenants at a London housing complex where an advocacy group is fighting new owners it says are only interested in driving up rents. It’s late or missing rent payments and pest problems to blame, the property manager contends, with major efforts underway to clean and renovate the buildings […]
Ottawa gives $13M boost to east London affordable housing project
Seventy-two new east London affordable housing units will be ready to house vulnerable Londoners this summer, says the charity behind the project.
Average price of London-area home soars to $825,000
The average resale price of a home in the London area has risen by nearly $120,000 in the last three months, continuing an upward trend that increases to interest rates aren’t likely to slow soon, observers say.
As London runs low on sought-after land, nearby communities cash in
London is running short on land in the highly coveted north and west areas of the city, leading builders to go to neighbouring Middlesex Centre instead – robbing the city of big-bucks revenue, developers say. Land available for home construction in those areas of the city has shrunk to a three- to five-year supply and […]
New figures show how unaffordable rent has become for many in London
‘Now, somebody on a living wage can barely pay their rent’
Provincial planning rules could make city’s housing affordability worse: consultant
A long-awaited tool to require affordable housing in new developments is getting a cold reception from London’s building industry and a consultant hired to study the practice, at least under existing rules. City politicians voted Monday to recommend seeking special permission from Queen’s Park to use inclusionary zoning – requiring new residential buildings to set […]
Even in slow-for-sales winter, average London home price keeps rising
The average selling price for a house in the London area is nearing $800,000, leaping more than $86,000 in a month, a real-estate industry snapshot for January’s sales shows. The average price of homes sold by members of the London and St. Thomas Association of Realtors (LSTAR) in January — traditionally a slow month — […]
New Ontario building rules will put brakes on affordable housing: City hall
The City of London says it wants to encourage private developers to build affordable housing in all parts of London. But the city is at risk of being locked into allowing builders to add affordable housing units only to new projects along major transit routes because of a change in provincial building rules that takes […]
Work-from-home trend pushes average London rent to all-time high
Rents in London went up in December, reaching record levels and capping a three-year period that has seen average prices grow by about $750.
A developing trend: Could old factories, plazas ease city’s housing crunch?
New housing is popping up in unexpected places in London, with living spaces carved out of longtime commercial sites and properties meant for business.