Welcome back... and with such awesome news!
The London real estate market is offering some great deals... refinished 3 bedrooms townhouse condos in the $129,000 price range, apt condos from $89,000, single family brick 3 bedroom homes for $165,000 duplexes $145,000+... as we know, London doesn`t play in the highs and lows of the shifting economy... relatively stable throughout. A city of 388,000.. great university and college town... awesome deals there if that`s what you`re into... new housing developments in every corner of London... softened up over the past 6 months but still great deals on 2 storey new 1400sq ft + from $239,000.
As part of SouthWestern Ontario, we`ve been caught up in the softening of the automotive industry, but London is well diversified, which explains the steady go. As my husband is an income property owner as well as a real estate agen in London, the lisitings that come up daily as well as the number of solds are showing a promising spring market. Seems to be a spurt in the first time buyers as well... something to do with a 2.5% prime perhaps.
Although the area around has been hit with some major layoffs eg St Thomas closing of Sterling truck plant, delay in bringing on additional line in Woodstock Toyota plant, London`s focus on hospital/health care, education, digital gaming companies, aircraft manuf etc make it diversified from the auto industry. The city council is licking its lips with the $120 million injection ($40m from federal, $40 m provincial just announced in yesterday`s budget, whitch matches their $40m), to be spent on infrastructure, road, sewers etc.
Never a top ten town... maybe 11th or 12th... close enough for me.
Maybe we can meet up at ACRE in a few weeks.
Kimberly