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

LSTAR Honours 2023 Student Scholarship Award Recipients

The London and St Thomas Association of REALTORS® (LSTAR) announced today that a total of $10,000 has been granted to four outstanding students, through the 2023 LSTAR Student Scholarship Awards.

August 24, 2023

Local Housing Market Remains Balanced

In July 2023, 640 homes were sold via LSTAR's MLS® System, 19.6% more than in the seventh month of last year. The local housing supply increased from 2.2 months of inventory in June to 2.9 months in July. During the same period, 1,333 new listings came on the market, up by 8.2% over 2022.

August 3, 2023

Nominations Are Now Open for the 2023 Commercial Building Awards

LSTAR is thrilled to announce that nominations are now open for the 2023 Don Smith Commercial Building Awards, to recognize and honour exceptional achievements in the realm of commercial real estate, celebrating top-notch commercial, industrial, multi-family, and community buildings across the LSTAR region.

July 31, 2023

Housing Market Remains Stable

The local housing market continued its steady streak in June, with 745 homes exchanging hands via LSTAR's MLS® System. Housing supply increased from 1.7 months of inventory in May to 2.2 months of inventory in June, showing signs of market stabilization. 

July 6, 2023

LSTAR Honours Lyn Coupland Outstanding Service Award Recipient

In 2023, LSTAR has awarded its prestigious "Lyn Coupland" Outstanding Service Award to a longstanding Member of our Association. The award recognizes those individuals whose service to the Association the LSTAR Executive Committee deems to be above and beyond the call of duty.

June 29, 2023

Recipient of the 2023 Ron Richardson Memorial Award Announced at LSTAR's AGM

The recipient of the 2023 Ron Richardson Memorial Award was announced on June 27, 2023, at LSTAR's 2022 Annual General Meeting & Trade Show. The award was bestowed upon Glen Gordon of Glen Gordon Real Estate, thus recognizing his exceptional dedication to volunteerism.

June 29, 2023

LSTAR's 2023 Slo-Pitch Tournament Nets An Estimated $13,700 for Two Local Charities

With your support and enthusiasm at the 2023 LSTAR Slo-Pitch tournament, we managed to raise an estimated $13,700! Can you believe it? This spectacular feat will go towards supporting ARK AID STREET MISSION in London and ST. THOMAS-ELGIN SECOND STAGE HOUSING in St. Thomas. We cannot thank you enough – you are true champions of compassion, making a profound impact on the lives of those in need. 

June 9, 2023

Local Housing Market Rebounds

In May 2023, 1,397 new listings came on the local market and 846 homes exchanged hands via LSTAR's MLS® System. While the number of new listings is 23.9% lower than in May 2022, the number of sales is 1.3% higher than a year ago. LSTAR's overall sales-to-new listings ratio for the entire area stood at 60.6% last month, while inventory continued to decline, dwindling from 1.8 months in April to a mere 1.7 months in May.

June 5, 2023

Growing Demand and Low Inventory Fuel Home Price Gains

In April 2023, 964 new properties came on the market and 723 homes exchanged hands via the MLS® System of LSTAR. The overall sales-to-new listings ratio for the entire London-St. Thomas area climbed from 63.5% in March to 75% in April, while the inventory plunged from 2 months in March to only 1.8 in April.

May 3, 2023