Welcome to LSTAR’s Virtual News Room! Scroll down to explore our statistical and non-statistical News Releases.

April Shows More Signs of Stabilization

In April, 710 homes exchanged hands via LSTAR's MLS® System, a slight decrease of 2.9% compared to the same month a year ago. Year to date, there have been 2,381 total sales, up 6.1% from the first four months of 2023.

May 2, 2024

Federal Government Releases “Canada’s Housing Plan”

Today, the Federal Government released “Canada’s Housing Plan”, an ambitious action plan aimed at addressing Canada’s housing crisis and making housing more affordable. This extensive plan outlines a multi-pronged approach and provides an extensive list of measures geared towards increasing housing supply, helping Canadians rent or buy a home, construction innovation, and protecting consumers.

April 12, 2024

Home Prices Continue To Rise in March

LSTAR's MLS® System recorded 636 homes sold last month, 11.3% less than in March 2023. The number of newly listed properties surged from 1,024 in February to 1,233 in March, marking an 11.8% increase over a year ago. Overall, housing supply increased slightly in our region - from 2.7 months of inventory in February to 2.9 months in March.

April 4, 2024

Slo-Pitch Sponsorship Opportunities

LSTAR's annual Slo-Pitch Tournament is coming up on Friday, June 14, 2024, at Slo-Pitch City in Dorchester. All proceeds from this tournament will be donated to Ark Aid Street Mission in London, and Hospice of Elgin in St. Thomas. This year, we have a goal of raising over $20,000 for our two beneficiaries. To help us reach this goal, we would like to invite all businesses from London and St. Thomas to come on board as sponsors.

March 27, 2024

New Data Unveils Resident Sentiment Across Western Ontario on Housing, Affordability and Other Issues

A majority of residents across Western Ontario believe the region has good access to daily activities and is an excellent environment for raising a family, but at the same time express concerns over housing and economic stability, affirming the challenges of inflation, cost of living, and affordability, according to a new report by Abacus Data.

March 27, 2024

Home Sales, Prices Climb in February

594 homes exchanged hands last month via LSTAR's MLS® System, marking a 33.2% increase in sales activity over February 2023. The number of newly listed properties rose from 873 in January to 1,024 in February, showing a 31.8% increase over a year ago. Housing supply plummeted from 3.3 months of inventory in January to 2.7 months in February.

March 5, 2024

LSTAR Celebrates Excellence in Commercial Real Estate

LSTAR is thrilled to announce the recipients of the 2023 Don Smith Commercial Building Awards. Recipients were honoured on February 22, 2024, at the Best Western Plus Lamplighter Inn and Conference Centre. Main categories include Commercial, Industrial, Multi-family and Institutional. A judging panel evaluates the projects, based on multiple criteria.

February 23, 2024

Home Sales, Listings Take a Leap in January

439 residential transactions were recorded last month via LSTAR's MLS® System, 28.7% more than in January 2023. The number of newly listed properties climbed from 386 in December 2023 to 873 in January 2024. Housing supply dropped from 4.4 months of inventory in December to only 3.3 months in January.

February 5, 2024

Join Us for the 2023 Don Smith Commercial Building Awards Ceremony!

Please join LSTAR on Thursday, February 22nd for a special evening honouring excellence in commercial buildings. The 2023 Don Smith Commercial Building Awards shines a spotlight on the best commercial, industrial, legacy, multi-family, and community buildings across the LSTAR region. Tickets are available by emailing Claire Dawson via Claire [at] (Claire[at]LSTAR[dot]ca) no later than Friday, February 9th, at 4:30 pm.

January 18, 2024