Tag: London housing
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 — […]