HOUSE AND HOME IN LONDON ONTARIO

It is fairly easy to identify the city’s most expensive or least expensive neighbourhood.  It is easy to identify the neighbourhood that saw the hottest growth in the previous year.  But how would you identify London Ontario’s most average neighbourhood? At stevebaarda.com we focus on a few different numbers to assess the real estate market for the city, the north, east

We have closed the books on 2013 and the numbers are in. We have recently updated all neighborhood data over at my web site — www.stevebaarda.com — so you can find out how your own London Ontario area did over the last year.  London Ontario has seen modest 2.67% growth in the average price for the entire city.  Prices for

People ask me all the time, “Steve, when is the best time to buy? When is the best time to sell? When is the best time to move?” As with many questions, the answer is usually, “It depends.” Everyone’s goals and objectives are different. If you have a family and you don’t want to disrupt your children’s schooling, you generally

The Fraser Institute has released its report on schools for several provinces including Ontario and London Central Secondary School is the top ranked high school in the province.  The report only includes the public and Catholic primary and secondary schools and not private schools.  Five London secondary schools are in the top quartile for the province.  London Central is a repeat in first place, Oakridge is ranked 76th, A.B. Lucas and

Moneysense.ca has developed a comprehensive ranking of communities across Canada and London, Ontario has fared well, finding itself 15th over all.  Those of us who live here would argue that this is low, but the ranking takes into account a whole range of issues and in some areas like average income and unemployment rate we fall below some other locals.

This article in the Globe and Mail this morning caught my eye.  Even though it is always difficult to make comparisons between Toronto and London Ontario, we are seeing some of the same types of events here as well.  Some properties selling quickly with lots of interest and even competition; other sitting and sitting until owners feel compelled to lower

This recent article in the Financial Post is touching something that we are seeing here in the London, Ontario, market.  Even though volume of sales have been down over the last seven months by 6.25%, prices are remaining steady (+0.92%).  Less homes are selling, but home owners are not letting themselves get taken to the cleaners. http://business.financialpost.com/2013/01/12/stubborn-sellers-killing-canada-real-estate-crash/?__lsa=7fc1-1a25

Its January 2013 and its time to look back over the last year in residential real estate in the London, Ontario, market.  What did we see happen?  The year started great.  Through the end of May, 2594 homes changed hands, a 9.36% increase over the same period from the year before.  Then the federal government changed the mortgage rules and for

With all the pessimism about the Canadian real estate market as of late, here is a refreshing reminder in the Financial Post about where things are at: Canada among 7 best housing markets in the world