Experts have indicated Canada will need to build millions more homes in the next 10 years to meet our growing needs. To the casual observer the problem is easy to solve: just build more homes. For those in the real estate development field, the problem is much more complicated than this.
London Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month London is number 1529 putting it in the top half of the country .
Want a cheaply priced house? Then at $294,900 this month, London, Ontario is a possibility for you price wise.
London’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
Ontario has the most amount of properties available to property investors, with London having 3rd most in the province, out of a total of 1145.
As one of Ontario’s many potential real estate investment neighbourhoods, London needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
Across the country as a whole, London is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
When our research team crunched the numbers we calculated that London has a median home price of $189,900.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
From our data, it appears that neighbourhood is number 19th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
In London, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Corresponding census subdivisions are provided for the following place names where data is not available.
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