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London Ontario New Home Sales Add to a Perfect Storm!

With new home construction in London Ontario booming, prices rising and some builders quoting 9-12 months for move-in times, what are residential real estate buyers to do?

real estate storm London Ontario

In this week’s blog “The Perfect Storm”, I stated four facts that affect the current real estate market and with this article from the London Free Press about new home builds, we now have 5 scenarios to think about.

new home construction London Ontario

For home sellers, now is the perfect opportunity to capitalize if thinking about selling and renting, moving out of London or truly downsizing.

For home buyers, those who are patient, have their ducks in a row, you can buy and not overpay with the right information. For the unwashed who panic, get caught up in the frenzy, you are going to get hurt!

Now let me set everyone straight,  I am a very positive individual, my glass is always half full, but when I see Realtors allowing their buyers to pay 15-30% above the asking price and no conditions, something smelly is going to hit the fan!

smelling something wrong about real estate in London Ontario

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Ty Lacroix

Founder & Owner & Broker of Record of Sutton Group Envelope Real Estate Inc, That's all I can say about me! You see, this is about you, not me; you do not want to hear blah blah stuff about awards, designations or that we walk older people across the street, the reincarnation of Mother Teresa, walk on water or anything else to impress you. We let the numbers speak for themselves; you see, success leaves clues!

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