News

Sales last month were up over those of the previous May by 3.5%, with 751 detached homes exchanging hands and 162 condos. This represents a 7% increase in sales for detached homes and a 10 % decrease in condo sales. “May's figures underscore the fact that our local market remains vibrant,” advised Barb Whitney, President of London and St. Thomas Association of REALTORS® (LSTAR). “What we're seeing now in terms of sales is more on a par with previous Mays going back to the turn of the millennium.”

Sales last month outstripped those of the previous April by 17.3%, with 716 detached homes exchanging hands and 164 condos. “Although we're obviously delighted by these figures, we need to put them in perspective,” advises Barb Whitney, President of London and St. Thomas Association of REALTORS® (LSTAR).

The local real estate market has been brisk in the first three months of this year. Watch the 2012 LSTAR President, Barb Whitney, as she presents a detailed statistical report on the real estate activity in the Association's jurisdiction for the first quarter of the year.

The London and St. Thomas Association of REALTORS® held its 2011 Annual General Meeting today at the London Convention Centre.

The program encourages the conversion of vacant, unused second and third floor space above street-front commercial establishments & street level space behind store fronts to self-contained rental residential units and the redevelopment/conversion of vacant and/or underutilized residential and non-residential structures to create new rental units.

New home starts were lower in the London Census Metropolitan Area (CMA) in March according to preliminary figures released on April 11, 2012 by Canada Mortgage and Housing Corporation (CMHC). Builders laid foundations for 74 homes compared to 77 in March of 2011.

In March, local real estate sales decreased 4.8% over those of previous year, with 623 detached homes and 147 condos exchanging hands over the course of the month.

On February 29, 2012, the London and St. Thomas Association of REALTORS® received the award for volunteerism at the Ontario Real Estate Association's 2012 Leadership Conference in Toronto. The award is intended to recognize and honour a real estate board or association for its exceptional efforts in the area of Leadership and Volunteer Development.

New home starts were up in the London Census Metropolitan Area (CMA) in February according to preliminary figures released today by Canada Mortgage and Housing Corporation (CMHC). Builders laid foundations for 88 homes compared to 69 in February 2011.