News

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

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] LSTAR.ca (Claire[at]LSTAR[dot]ca) no later than Friday, February 9th, at 4:30 pm.

January 18, 2024

LSTAR Welcomes 2024 Chair Kathy Amess

LSTAR's Board of Directors is pleased to announce that Kathy Amess will serve as its Chair in 2024. Based in London, Amess is a Broker of Record/Owner of Blue Forest Realty Inc. She became a REALTOR® in 1993 and joined the LSTAR Board of Directors in 2020.

January 11, 2024

Subdued December Sales Conclude a Moderate Year

Last month 335 homes exchanged hands via LSTAR's MLS® System, bringing the total number of residential properties sold in 2023 in our area to 6,717. The number of newly listed properties dropped from 928 in November to 386 in December. Despite the significant monthly decline, this number is still in line with LSTAR’s ten-year average for new listings for the month of December.

January 4, 2024

November Sees Lackluster Home Sales

421 homes were sold last month via LSTAR's MLS® System, 8.9% less than in November 2022. The number of newly listed properties declined from 1,232 in October to 928 in November. Despite the significant monthly drop, this number still represents a record high for new listings for the month of November.

December 5, 2023

LSTAR to Join the PropTx MLS® Service

LSTAR is pleased to announce that we are joining the PropTx MLS® Service, a move that will empower LSTAR Members with enhanced tools and expanded access to invaluable real estate market data.

November 23, 2023

Federal Government Tables Housing-Focused Economic Statement

On Tuesday, the federal government tabled the 2023 Fall Economic Statement, which focuses on measures aimed at enhancing existing housing programs through various new programs, including a long-term REALTOR® position to not require insured mortgage holders to requalify under the insured minimum qualifying rate when switching lenders at mortgage renewal. This is a strong step forward towards restoring housing affordability for Canadians.

November 22, 2023

New Listings Stay at Record Levels in October

488 homes exchanged hands in October 2023 via LSTAR's MLS® System, 2.45% more than during the previous month, but 0.5% less than a year ago. The number of new listings climbed to 1,232, which marks a record high for the month of October. Housing supply stayed virtually unchanged from last month, decreasing only very slightly from 4.4 months in September to 4.3 months in October.

November 3, 2023