News

London, ON – When it comes to raising a family, healthcare and enjoying a high quality of life, London residents are very satisfied with what the Forest City has to offer, according to new research conducted by Nanos Research on behalf of the London and St. Thomas Association of REALTORS® (LSTAR). The research – presented by Nik Nanos at an event today attended by city officials, business leaders and London residents – showed that, while Londoners love their city, they think more needs to be done to address traffic, transit and home affordability.

London and St Thomas Association of REALTORS® (LSTAR) announced 861 homes* were sold last month, marking the second best September for home resales, since the Association began tracking data in 1978.

For the London and St Thomas Association of REALTORS® (LSTAR) last month was the August with the third highest volume of residential sales in the last decade. 917 homes exchanged hands in the Association’s jurisdiction - just four less than in August 2018. New listings increased to 1,189, but still didn’t reach the ten-year average. Overall, the inventory levels were slightly elevated over August 2018 – 1.9 months over just 1.7. During the same period, the average home price was 9.1% higher than one year ago, sitting at $413,010.

The London and St Thomas Association of REALTORS® (LSTAR) today announced a total of $4,500 has been awarded to three exceptional students, supporting their post-secondary endeavours as they begin to take the next step in their educational journeys.

The London and St Thomas Association of REALTORS® (LSTAR) had another record-breaking month: in July, 1,043 homes* exchanged hands in LSTAR’s jurisdiction, 5.4% more than in July 2018 and only seven units less than in June 2019.

The London and St. Thomas Association of REALTORS® (LSTAR) announced that 1,050 homes were sold last month in its jurisdiction, 1.3% less units than in June 2018 and 9.6% less than in May 2019. During the same period, there were 1,463 new listings in our area, 0.9% less than a year ago, but the inventory increased slightly over June 2018.

London and St Thomas Association of REALTORS® (LSTAR) announced 1,146 homes exchanged hands last month in its jurisdiction, 1% less than in May 2018 and 26% down from May 2017, which was a record-setting month – with 1,549 homes sold. The number of active listings for the same area sat at 1,855 in May, with most LSTAR regions seeing year-over-year increases, with the exception of London East and St. Thomas, where this number decreased.

Led by LSTAR, a delegation of southwestern Ontario business, government and community leaders embarked on a trade mission to Toledo, Ohio, to engage with top-level leadership and change makers, discussing opportunities and issues facing the Great Lakes region. The visit took place at various locations across Toledo on April 25 and 26, 2019.

London and St. Thomas Association of REALTORS® (LSTAR) announced 1,055 homes* were sold in April, up 7.7% over April 2018. It was the fourth consecutive month to post gains over sales from the previous year, with the number of home resales above the 10-year average.