London's Real Estate Prices Drop $25,000 in April, Listings SURGE

Описание: #londonontariorealestate #londonontario #lstar

London’s real estate market may have showed some early signs of stress in April. In just three months, the benchmark price has dropped by $30,000, while new listings have surged to near record highs for April. With sales hitting 12-year lows (excluding the COVID period) and inventory building rapidly, the market is clearly shifting in favour of buyers. Could the wave of mortgage renewals be driving homeowners to list now?

Links:

April 2025 LSTAR Statistics:

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

Canadian housing market 'sluggish' despite change to mortgage loan rules:

   • Canadian housing market 'sluggish' despite...  

Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1:

https://www.bnnbloomberg.ca/business/...

Fixed mortgage rates are rising. Here’s what Canadian borrowers should know:

https://www.theglobeandmail.com/inves...

‘Walking on a tightrope’: Deloitte predicts downturn for Canadian economy:

https://globalnews.ca/news/11157766/c...

1.2 million Canadian mortgages are set to renew in 2025:

https://www.cbc.ca/player/play/video/...

Monetary aggregates:

https://www.bankofcanada.ca/rates/ind...

Canada's home sales in March sink to lowest since 2009 amid tariff turmoil:

https://financialpost.com/real-estate...

Canada’s housing market ‘not immune’ to trade war pain, economist says:

https://www.bnnbloomberg.ca/business/...

Canadian Real Estate Association downgrades sales forecast for 2025 as buyers remain wary: sink to lowest since 2009
Indicators of financial vulnerabilities:

https://www.bankofcanada.ca/rates/ind...

68,000 job losses possible in Ontario this year due to U.S. trade war: report:

https://www.cbc.ca/news/canada/toront...

Wayback Machine – TD Mortgage Rates:

https://web.archive.org/web/202006290...

Consumer Price Index, monthly, not seasonally adjusted:

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

Employment, average hourly and weekly earnings (including overtime), and average weekly hours for the industrial aggregate excluding unclassified businesses, monthly, seasonally adjusted:

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

Debt service indicators of households, national balance sheet accounts:

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

Mark Mitchell – Mortgage Broker London Ontario
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