Monthly Archives: July 2012
Know the price you can pay for a home
One of the first things you should do when you decide to buy a home in London Ontario is to get pre-qualified for a mortgage loan. It is even more important now that the government has changed the mortgage rules limiting you to a 25 year amortization period. Continue reading
Stats Canada New Housing Pricing Index for May 2012
London Ontario specific figures Stats Canada reports a 1.5% year-over-year price incrase from May 2011. For affordablity for new home buyers the London number compares favourabiliy to a 2.4% increase for Canada and a 5.5% increase for Toronto. Continue reading
The Value of Staging Your London Home for Sale
London REALTORS® can offer suggestions of how to best stage certain aspects of the house that are not too good. During an open house often a real estate agent can make suggestions to potential buyers on how different rooms can be used to engage their imagination. Continue reading
Building Permits Way Up in London
total value of permits issued in London during May 2012 was $115,600,000 up from $82,100,000 in May 2011 and up 31.7% from April $87,800,000. Continue reading
MLS London Ontario Home Price Report for June 2012
MLS Home Price Detail Report London and St. Thomas Real Estate Board by Area of London Ontario for June 2012 YTD Continue reading
London House Market Report for June 2012
New listings were also down 15.1%, which could point to a slight tightening up of the market, as does the fact that listings end of period – or inventory – were also down 15.1%. However, it’s still way too early to determine if we’re moving more towards a Sellers Market. For now and for the foreseeable future, we expect our market will continue to be a balanced one – good for buyers and sellers alike. Continue reading