Monthly Archives: December 2019
Real Estate Investors London Ontario, Rental Rates Now And 2020 Report
The average rent for Canadian properties in November 2019 was $1,918 per month, an increase of 9.4% annually. London finished 19th of 34 cities listed for average monthly rent in November for a one-bedroom home at $1,219 and for average monthly rent for a two-bedroom at $1,575. But London rentals are increasing and will continue... Read More
Does Pricing a London Ontario Home A Little Higher So You Can Come Down in Price Work?
Price a London Ontario House High, Accept Less? I hear this all the time from home sellers: “Let us List it High Because Someone Will Offer Us, Less” That thinking may have worked years ago but in today’s real estate environment, homebuyers have a tremendous amount of information by just a few clicks of the... Read More
New Home Buyers in London, Is Your Tarion New Home Warranty Any Good?
In a scathing report released in October, the province’s auditor general for Ontario found most of the public complaints about Tarion’s dispute resolution process were justified and concluded the Ontario Home Builders’ Association (OHBA) “had disproportionate influence over Tarion’s decisions and operations. The Ford government is promising a “complete overhaul” of Ontario’s Tarion home warranty... Read More
What To Do First When You Want To Sell a Home in London Ontario
The most critical time when listing a London Ontario home is when it first goes up for sale on MLS. Homebuyers and their Realtor are searching daily for specific neighbourhoods in London for something new when excitement is usually the highest! If there are errors in the listing, poor pictures or a short description of... Read More
Realtors, Do You Know Where Your Source Of Business Comes From?
Do You Know the Sources of Your Business? There are two sources that generate business, human resources or activities and financial resources or dollars you spend to generate business. You must give thought to what the benefits are of sourcing your business. Look at every transaction that closed in the last 12 months and determine the source... Read More
Record Home Sales London Ontario for November 2019
Seven hundred fifty-two homes in London Ontario and area exchanged hands in November 2019, the best November ever, since LSTAR (London St.Thomas Association of Realtors) began tracking data in 1978. There have been 9,658 home resales year to date, which is up 3.2% compared to the same period in 2018, and on course to surpass... Read More
The Consequences Of Paying More Than The Listing Price on a London Ontario Home
Overpaying for a London Ontario home such as paying over the listing price, or paying near the asking price of an overpriced house or no conditions can come back to haunt those who do. I get it that there is a shortage of houses & condos in London, Ontario, for sale. When prices rise because... Read More