Welcome to the monthly blog about the real estate market and trends in London Ontario, I am here to provide you with the latest information and insights on the real estate market in this beautiful city.

Over the past month, the real estate market in London Ontario has continued to see steady growth and high demand from buyers. The average home price in the city is currently around $542,000, which represents a 15% increase compared to the same time last year.

One of the main factors driving this growth is the continued influx of people moving to the city from larger urban centres like Toronto. Many people are attracted to the lower cost of living and the quality of life that London Ontario offers, and as a result, the demand for homes has remained strong.

Another trend we are seeing is a shift towards more sustainable and energy-efficient homes. With the cost of utilities and energy consumption on the rise, many buyers are looking for homes that are built with eco-friendly materials and technologies. Builders and developers are responding to this demand by incorporating more green features into their properties.

Despite the high demand for homes, we are also seeing a steady increase in new home construction in the city. This is a positive sign that the supply of homes is keeping up with the demand, which can help to stabilize prices in the long term.

If you are looking to buy or sell a home in London Ontario, now is a great time to do so. The market is strong, and with the help of a knowledgeable real estate agent like myself, you can find the perfect home for you and your family.

That's all for this month's real estate market update in London Ontario. Be sure to check back next month for more insights and trends

Rick Buncick