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London’s real estate prices fell in September, with the Benchmark, Average and Median prices all dropping, despite the Bank of Canada cutting rates at the beginning of the month. Yet, the London market is seeing at least some signs of life as sales bumped up, though marginally.
Links:
September 2024 LSTAR Statistics:
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London-area housing market bouncing back from slow summer, new figures show:
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Ottawa’s mortgage changes likely to drive an ‘uptick in sales activity’:
expert:
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30-year mortgage option may spark London's sluggish housing market:
Brokers:
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Inflation and interest rates to drive housing market direction in 2024, say industry veterans:
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Bank of Canada rate cut now ‘a near certainty’:
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Will the Bank of Canada's interest rate cut spur the housing market?:
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Posthaste: Variable rate mortgages are booming — should we be worried?:
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Housing market faces 'turning point' with Bank of Canada rate cuts this year:
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Bank of Canada cuts interest rate to 4.25%, leaves door open for larger cuts amid struggling economy:
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Freeland says Canada will expand 30-year amortization, raise insured mortgage cap:
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Government announces boldest mortgage reforms in decades to unlock homeownership for more Canadians:
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Ontario — Household Income - Average and Median ($):
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Demographics in London, ON: [ Ссылка ]
Income Explorer, 2021 Census:
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First-time homebuyers fear Ottawa’s new mortgage rules will drive up prices:
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Number of Canadian Businesses Fell By Most Since Pandemic in June:
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Mark Mitchell – Mortgage Broker London Ontario
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London, Ontario N5Z 3J1
Phone: (519)860-2102 (Call or Text)
MarkMitchell@LondonOntarioMortgages.ca
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Broker Lic: M16001479
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Commentary on this Channel should not be considered financial advice.
