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About Us

ABOUT LONDON GROWING

London is growing. In 2016, 3,103 residential units were created, up from 1,289 units in 2015. It is noted that a "significant number" of these units were of the "apartment building" type. Industry pundits who watch the "national real estate markets" tell us that London has a huge supply of apartments.

 

ABOUT CURRENT CONDO PRICES

The average "MLS" selling price of a condo in London in 2016 was $197,807 with 1,775 unit sales. This number does not include "in-house" new builder sales.

The average "MLS" selling price of a condo in London in 2015 was $185,137 with 1,651 unit sales. St Thomas in 2016 had a surprisingly high "MLS Sale" condo price of $288,376 reflective of the fact that most of these units were brand new builder's models. Woodstock had an average "MLS" condo selling price of $197,886 in 2016, almost exactly the same as London.

 

ABOUT TORONTO, KITCHENER AND HAMILTON BUYERS MOVING TO LONDON

Did you know that the average house in Toronto in 2016 sold for $63,482 dollars over the asking price and the average townhouse for $16,714 over the asking? Out of town buyers coming to London from areas with stronger real estate markets are able to buy with confidence and without financing conditions.

London homeowners dreaming of becoming condo owners take note. It is a jungle out there in the real estate market and if you are contemplating a move, be prepared to act quickly and decisively. Sales of condo units in prime neighbourhoods happen quickly in this market place.

 

ABOUT THE TOWNHOUSE MARKETPLACE

Townhouses have become a solution for home buyers who are priced out of houses. Things were not like this in the past. Townhouses cater to younger buyers as older people do not want stairs.

 

ABOUT NEW DOWNTOWN CONDO PROJECTS ON THE GO

All eyes are now on the new "Tricar Azure" building going up at 505 Talbot Street. There is nothing else on the go. The "London Free Press" often reports on what is in the pipeline to happen next. It makes for good reading.

 

NEWS ABOUT LANDLORD ISSUES

Two things! Going to 2017 more rental units are to be inspected by the city. Google – City of London – residential rental by-law! Also at issue and frequently in the news is the talk about the legalization of granny suites. More news to follow!

 

ABOUT THE POTENTIAL DOWNSIDE TO THE LONDON ONTARIO REAL ESTATE MARKET

London, over the last fifteen years has not benefited as much as other towns around it when it comes to jobs in the automotive industry. That means that its unemployment rate is sometimes on the high side. All of this is prone to change as growth brings with it both challenges and new opportunities. More and more people are starting to recognize London as a nice place to live.

 

ABOUT FINDING "MLS" RENTALS ON THIS WEBSITE

There is a trick to finding "MLS" rentals on this website but once that you learn what it is, it is easy. Go to the listing tab and where it says minimum and maximum price just type in zero to two. It is that easy!

Between 0 and 2 pulls up everything for lease "MLS" priced at and below the $2,000 per month price range. Another great student rental source of information can be found at offcampus.uwo.ca.

 

ABOUT WORKING WITH PETER DAOUST, BROKER AT REMAX ADVANTAGE REALTY LTD. BROKERAGE IN LONDON ONTARIO

Peter wrote the contents of this site and knows the London condo marketplace.

Peter is a 2014 and 2015 contributor to the "REM" magazine which is read by Real Estate Agents all across Canada.

Peter has over 30 years of real estate selling experience in London and has achieved the "Remax Hall of Fame" award.

Please call me at the office 519-649-6000 or direct 519-852-7653.

Peter Daoust



peter@yourcondoworld.com

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