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Millennial Home Ownership

The Future of Millennial Home Ownership

Ride share programs such as Uber and home share programs such as Airbnb are changing the way that millennials and other generations think about owning versus borrowing. I find this topic to be ever more interesting as a Millennial, reason being that the landscape for the way we think of homeownership might also be due…

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June 2017 Market Update

June 2017 Market Update

You’ve made it through another month! While full of rainy and sometimes cold weather, the real estate market was keeping things warm. Interestingly enough, June marked the first decrease in total sales since the beginning of the year. This is no change from year over year, as June is typically the period when the industry…

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London’s Hottest Neighbourhood (1)

London’s Hottest Neighbourhoods

London’s real estate market has taken off this year, as you’ve probably already heard from the many, many news articles. When we take a look at where the largest increases in prices have been, you might be shocked to hear that while it was close to the North end of the city, the South end…

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APRIL MARKET UPDATE

Housing Update – April 2017

April was once again a great month in real estate for London, Ontario. Currently, the average price sits at around $334,000 for the year, while the average price for the month of April was approximately $354,000. In comparison, the average sale price in 2016 for April was approximately $281,000, this equates to a 25% increase in the average home sale price for London, Ontario specifically.

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Millennials Buying Homes

Make Way for Millennials in New Developments

I recently read an article relating to the private investment into public spaces and was intrigued by this relatively new concept in the development of communities. This movement towards sustainable living and urban centres, is in my opinion not going anywhere as Millennials move into buying homes. We can see in many of the condominiums and…

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London Real Estate Predictions Part 7

Variable Mortgage Rates

2017 London Real Estate Predictions For our last post in the 2017 London Real Estate Predictions we’ve decided to bring in a guest blogger, Jeff Krieger, AMP, with OMAC Mortgages in London.  With the variable rate rebates getting bigger, the variable rate market will be on the climb. Variable rate mortgage forecast When it’s time to…

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Demand for 1 Floor Homes

Demand for 1 Floor Homes

2017 London Real Estate Predictions We are up to Part 6 of our predictions, and it has to do with what is becoming a hotter, and hotter commodity in property type.  The one floor home, more frequently seen, the bungalow is becoming a more sought after style of home.  The main reason of the appeal…

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Graduating School

Own a Home After Graduation

So you’re about to graduate from College, University, trade school or even high school. This time of year is not an easy one for graduates, you’re thinking about home ownership, your career path, finding the one and maybe even family. Let’s begin by talking about the first one, home ownership. Typically many will begin to…

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co-buying homes

Cut The Home Buying Cost in Half

Co-buying a property means two individuals such as friends purchasing a property and co-signing an agreement together, commonly referred to as tenants in common or joint-tenancy. First time home buyers can use this option as an opportunity to decrease the cost associated with their first home purchase as it significantly reduces the mortgage payments and…

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Investment Properties

More Investment Properties

2017 London Real Estate Predictions Part 5 The City of London has been in an extremely busy real estate market since the spring of 2016, not only for residential resale and new build homes, also in the rental market.  I’ve had a few friends and clients have a hard time finding suitable rentals this year.…

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Builder Lots Needed

Building Lots Needed

Not Enough Building Lots Are you seeing a trend yet?  We already know we have (and are going to continue to) not have enough resale homes due to a multiple of factors.  Adding to that, we are going to see a shortage of building lots for the people looking to build new.  Yes, just like…

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London Multiple Offers

London Home Buyers Miss Out

London Appeal London is no longer one of Ontario’s best kept secret housing markets.  With the average home price in Canada being over $460,000 and climbing, London has been for years an undervalued market for real estate.  Consider London’s geographic position midway between Toronto and Detroit, on the 401 and that it has a greater…

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Toronto Buyers

Toronto Buyers Keep Coming to London

2017 London Real Estate Predictions – Part 2 Influx from Toronto The Toronto Numbers London is becoming a hotbed for people leaving Toronto, to find affordable home ownership options, and that trend is going to continue in 2017.   Roughly 30% of people that purchased a home in London in 2016 were from the GTA.…

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Seller’s Market

2017 London Real Estate Predictions

Prediction 1 of 7 Over the next few days, we are going to unveil The Price Real Estate Team’s 7 predictions for the 2017 London Ontario real estate market. Continuation of Seller’s Market In simple terms, a seller’s market is when there is more demand for housing than there are houses for sale.  This means…

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Victoria Park Viewing

Christmas Decorating and Displays

Every year many people love to do some Christmas decorating, and some like to put their decorating on display for the public to enjoy as well.  Businesses, private residences and even cities themselves will get involved, and London is no different. Family Time I remember growing up, hopping in the family mini-van, and touring around…

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Wine Cork

5 Ways to Reuse Wine Corks At Home

Calling all hosts and avid wine drinkers! Have you ever been in the situation where there are too many corks and nothing to do with them? Don’t worry everyone has been there, we are here to tell you not to throw them away, that’s right, keep them! You would be surprised at some of the…

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First Time Buyer

First Time Home Buyer

Great news if you are a first time home buyer in 2017!  The government of Ontario has announced they will be doubling the current first time home buyer rebate to use for the land transfer tax. The Details The current land transfer tax rebate for first time buyers is set at $2,000, which meant you…

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