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

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

New Data Unveils Resident Sentiment Toward Potential Housing Solutions and Other Community Issues

On October 12, 2023, LSTAR hosted an online event featuring well-known public opinion pollster Nik Nanos of Nanos Research, one of North America’s premier research and strategy organizations, sharing what the residents of London and St. Thomas think about home affordability in their cities, healthcare facilities, public transit, and their overall quality of life.

October 12, 2023

September Shows More Signs of Stabilization

September ushered 1,320 new listings on the local home market, 12.6% more than the same time a year ago. The number of new listings is the highest recorded for September since 2014. Home sales tapered slightly, with 476 homes exchanging hands via LSTAR’s MLS® System, down 6.5% compared to September 2022.

October 4, 2023

National Day for Truth and Reconciliation

Across Canada, September 30 marks the National Day for Truth and Reconciliation, a day that honours Survivors of residential schools and the children who never returned home, as well as their loved ones and communities.

September 11, 2023

Home Sales Taper Off in August

Last month, 569 homes exchanged hands via LSTAR's MLS® System, 3.2% fewer than in August 2022. During the same period, 1,212 new listings came on the market, 13.2% more than in the eighth month of 2022. The local housing supply saw a slight increase from 2.9 months of inventory in July to 3.4 months in August. With new listings outpacing sales, LSTAR's overall sales-to-new listings ratio fell to 46.9% in August.

September 6, 2023