London Ontario Real Estate Market April UPDATE: Sales Fall, Listings UP

#londonontariorealestate #londonontario #lstar

London’s real estate market moved rapidly in the favour of the buyer in April, with sales down, listings up, and the highest level of inventory (relative to demand) that we’ve seen in April in 10 years.

Links:

LSTAR Latest Statistics:

https://www.lstar.ca/our-latest-stati...

London area home sales slow in April as buyers stay on sidelines:

https://lfpress.com/news/local-news/l...

Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey:

https://www.bnnbloomberg.ca/majority-...

BMO Survey: 72% of Aspiring Homeowners are Waiting for Rate Cuts Before Buying:

https://newsroom.bmo.com/2024-04-29-B...

Statistics Canada CPI:

https://www.statcan.gc.ca/en/subjects...

LSTAR reports fourth straight month of increased home sales in London, St. Thomas Ont.:

https://globalnews.ca/news/9671442/ls...

Canadian Real Estate Prices Set To Rip Higher After BOC Signal: BMO:

https://xlr8realty.com/canadian-real-...

Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey:

https://www.ctvnews.ca/business/major...

Canada 5 Year Bond:

https://www.cnbc.com/quotes/CA5Y-CA

Wayback Machine - RBC Mortgage Rates:

https://web.archive.org/web/201903310...

Employee wages by industry, annual:

https://www150.statcan.gc.ca/t1/tbl1/...

Federal Reserve chair Jay Powell signals interest rates will remain higher for longer:

https://www.ft.com/content/5babf13a-3...

They bought their home in March 2022. Why this Ontario couple calls the purchase a nightmare:

https://ici.radio-canada.ca/rci/en/ne...

Mark Mitchell – Mortgage Broker London Ontario
920 Commissioners road east
London, Ontario N5Z 3J1
Phone: (519)860-2102 (Call or Text)
[email protected]
Brokerage Lic: 10464
Broker Lic: M16001479
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