London Free Press

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

7 min read

London’s once hot economy remains “healthy” 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 […]

London Free Press Unemployment

London unemployment rate holds steady, even as more jobs created

2 min read

The London area added 1,400 new jobs in October, the second straight month of employment gains for the region, Statistics Canada reported Friday. Despite the gains, which followed an abysmal summer in which London shed about 7,300 positions, the jobless rate for the region was unchanged from September’s 6.4 per cent. That’s the result of […]

Housing London Free Press

New home prices in London drop, buyers gain clout: ‘Tight market’

3 min read

Higher interest rates that created lacklustre demand and slowed home sales in London also appear to be forcing prices on new homes to drop, the latest market snapshot from Statistics Canada shows. According to the federal agency’s latest new housing price index – representing changes over time in the selling price of new residential houses […]