News

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.

February 2012 saw a 15.4% increase in local real estate sales over the previous year, with 500 detached homes and 137 condos exchanging hands over the course of the month.

The winners of the "Don Smith" Commercial Building Awards, established by the Regional Commercial Council (RCC) of the London and St. Thomas Association of REALTORS® (LSTAR) and sponsored by D&H, CBRE, TD Commercial Banking and Honeywell Building Solutions, were announced last night (February 7, 2012) to a capacity crowd at the London Club.

2011 shaped up to be a solid year for real estate in London and area. Watch this video report of the 2011 President of the London and St. Thomas Association of REALTORS®, Jack Lane, as he analyzes the market activity during his year in office.