You have just discovered the best place to find out what is happening in the exciting city of London Ontario! 

Take some time to peruse through some of my latest Blogs where you will find out more about upcoming local events and the latest news that matters most to our community.

 

June 5, 2020

London Housing Market Stabilizes

Chris Bramwell London Housing Stabilizes

The London Real Estate market stabilized during May. The number of properties listed and sold during the month were still down 45.6% and 48.3% respectively, when compared to May/2019. However, May showed a slight improvement over last month.

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Posted in Market Updates
May 25, 2020

London New Home Prices Not Expected to Fall Despite Pandemic

Man working on new home build

I recently came across this article in the London Free Press, and just had to share it with you.  I find it very interesting how unpredictable the current real estate market is and how everyone is concerned about home sales, but in this article, Statistics Canada reports that new home builds will not be affected. Enjoy this article below.

Realtors and industry watchers may be bracing for a major shock in the house resale market due to COVID-19 in the coming months, but don’t expect the same to happen with the new homes sector, Statistics Canada says.

Prices for new homes will remain steady in the near future, the federal agency is forecasting, particularly in markets with strong demand such as London’s, where prices have risen steadily over the last few years.

“It’s a demand and supply story,” said Rohit Verma, head of Statistics Canada’s housing unit.

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Posted in Real Estate News
May 20, 2020

Seven Money-Saving Ideas During Quarantine

Chris Bramwell Saving Money Image

I enjoyed reading this article written by Peter Kentler discovered in the Financial Post on May 20th, 2020. Perhaps you will learn a few ways to save money now so that you can use it down the road.

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Posted in Community News
May 7, 2020

Covid-19 Slams London Market

May Monthly Report

 

The London housing market was impacted by the Ontario State of Emergency Order and the Real Estate Associations protocols issued to address the health risks of the Coronavirus. Overall sales activity dropped 57% when compared to April 2019 and new listing activity was down 52% versus April of last year.

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Posted in Market Updates
April 3, 2020

COVID-19 Limited Impact on London Market

Chris Bramwell March 2020 Blog Image

 

The Coronavirus had only a minor impact on the London real estate market in March. Home sales, sales volume, and new listings were all higher in March when compared to the same period in 2019. I expect the effect of COVID-19 will alter the trajectory of the market in April.

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Posted in Market Updates
March 5, 2020

Average Home Prices Double since February 2010

Chris Bramwell Feb. 2020 Image

If you purchased your home in London ten years ago you would probably have seen a significant gain in its value.  The average home price in London has increased 98.8% since February 2010.  Most of that gain has been in the last five years.

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Posted in Market Updates
Feb. 19, 2020

London Ontario Population Growth is Second Fastest in Canada

Chris Bramwell London Population Growth Image

I always find it interesting to see how much our forest city changes over the years.  Our city seems to be always expanding in all directions with new commercial and residential developments. When I came across this article on how quickly our population has grown over the last year I knew I had to share it.  Our real estate market has been in high demand over the past few years and this rate of growth comes as no surprise to me. Enjoy the article below written by Scott Kitching in Blackburn News.

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Posted in Community News
Feb. 6, 2020

January Average Home Prices Rise

Chris Bramwell January Average Home Prices Rise

The average home price in London continued to increase in January. The average home price was up 16.8 % when compared to January 2019. The average home price rose the most in the East and South Areas versus January 2019 at approximately 22%. The North showed the smallest increase at 5.4%. A bright spot in the report was The Market Advantage Indicator, which dropped significantly from the previous month to finish at 60.0. This shows a more balanced market however, my expectation is that it will rise again in the coming months as home sellers and buyers enter the market.

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Posted in Market Updates
Jan. 7, 2020

London Housing Prices Surge in December

December House Price Surge

The average home price in London increased by 16.1% in December when compared to December 2018.  Relatively strong demand in December combined with low housing inventories contributed to the price surge during the month.

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Posted in Market Updates
Dec. 10, 2019

Home Prices Rise as Housing Inventories Decline

House Prices Rising

The average home price in London increased to $426,887 in November.  This represented a 12.1% rise when compared to November 2018.  The price increase was not consistent within the three market areas.

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Posted in Market Updates