London, ON Real Estate News

Our Lunch for a Bunch fundraiser to provide nutritious lunches for the kids sheltered at London's Women's Community House was a big success. We were able to present them a big cheque L-R Warren Strong, Pam Coray, Patricia van Diepen
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MLS sales bounce back in November For the first time in months, home sales showed an increase in November. While the number of sales increased, average prices flucuated up and down depending on the style of home. If you are thinking of selling, always get a professional market evaluation comparing apples to apples and oranges to oranges.  A graphical analysis of house and condo sales can be found here
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
Get Your Rent on Time           Even with thorough screening, tenants' circumstance change and they fall behind in their financial obligations. There are a few different things that landlords can do, depending on the tenant's source of income.   ·        If the tenant's income is Ontario Works (OW), arrangements can be made to have the rent paid directly to the landlord. The tenant has to make the request through his/her case worker. Please note that the tenant can cancel this arrangement at anytime.    ·        If the tenant's income is from the Ontario Disability Support Program (ODSP), similar arrangements can be made, although it is harder. The tenant has to request direct payment to the landlord and the landlord has to prove non-payment of rent for at least two or three months.   ·...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
              November Real Estate Sales Up In London Ontario   In London Ontario in November a total of 620 homes exchanged hands, up 6.2% from the previous year, making November the first month to post a gain since June 2010.    November's sales speak to a stabilization of the market, probably at 2002-2003 levels, as both the Canadian Real Estate Association and Canada Mortgage and Housing Corporation forecast.   Year to date sales outpace those of 2009 by 1.5%.    This table summarizes last month's activity, as compared to that of November 2009. The decrease in average price for condos probably correlates with the increase in the number of sales. More lower-priced units sold in November, bringing the average price down a little.    LSTAR (London St.Thomas Association of Realtors) cau...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
Houses & condos in Sunningdale still remains a sought after neighbourhood in London Ontario.  The average sale price for a home in Sunningdale which took 32 days to sell was $549,405 which was 97% of the asking price of $564,558 and for condos in Sunningdale, the average sale price was $276,541 which was 98% of the asking price of $281,886 and were on the market an average of 40 days. At present there are 11 resale houses for sale in Sunningdale starting as low as $359,000 to over 1.2 million. As well, there are 14 brand new homes in the finishing stages available. There are 2 condos available, 1 for lease and 2 for sale, starting from $229,900. When you require information about Sunningdale, be it the amenities, the schools, the golf courses or even real estate you now know who to call...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
     Are you looking for a one floor home in London such as a bungalow, a ranch or a raised ranch? Everything on the main level with a full basement either finished or unfinished. Double garage or it doesn't matter? In London at present there are 181 bungalows, 47 raised ranches and 165 ranches listed for sale on MLS, there are 52 For Sale By Owner (FSBO) , so in total 445 homes to choose from. To add to the complexity of this, the prices start at $139,000 and as high as $1,275,000! So where do you start? That is the question asked of me today from a couple who wish to downsize from Ottawa and relocate to London. I can narrow things down for them because they are quite specific about the size, the age of the home, the quality of the home and their price range. The biggest issue for them...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
     If you own rental real estate, you probably have a few "war" stories to tell of tenants from you-know-where. Most investors have these war stories about problem tenants, and in most cases these stories involve the investor losing time and money.    Looking back, I can clearly see that most rental property "war" stories have a common theme. The common theme from every story or problem is:   Selecting the Wrong Tenant.     The 80/20 Rule, also known as Paretto's Principle, states that for many events, roughly 80% of the effects come from 20% of the causes. In rental real estate, this means that the majority of our problems come from a very limited number of factors.       I would actually take this further with rental real estate and say that 95% of  problems come from selecting the ...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
         Stoneybrook Heights, Stoneybrook Acres, Masonville, Uplands, Tallwood, Northridge & Windermere are distinct family neighbourhoods in London Ontario.Stoneybrook is east on Richmond Street and west of Adelaide Street and bi-sected by Fanshawe Park Road . Stoneybrook Heights is north of Fanshawe Park Road, Stoneybrook Acres is south of Fanshawe Park Road and both offer easy access to all that London has to offer. Western (UWO, The University of Western Ontario) is close along with Brescia, Althouse, London Science Centre, University Hospital and Research Park, Windermere and other great London attractions. You can shop till you drop at Masonville Mall and Power Centres along with a wide range of professional services. Easy access to the 401, less than 1 hour to the sandy beaches o...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
If you have not taken a drive out to Hyde Park lately, you will be amazed at the growth of retail and new subdivisions!     House  sales were quite strong as of November 27 of this year with 326 houses being sold with the average selling price of $249,324 which was 99% of the asking price ($252,957) and an average of 42 days on the market! For condos, 93 have sold on average for $172,558 (99% of asking) and were on the market for 39 days. With some great shopping, new schools being built, commercial and light industrial spaces available, people are finding Hyde Park to be quite attractive. For more information on the real estate market in the Hyde Park neighbourhood, either new homes or re-sales, I know Hyde Park well and the values.
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
Houses in the Oakridge, Oakridge Acres, Oakridge Meadows & Oakridge Park have sold quite well as of November 27 of this year with 220 selling at an average price of $292,535 which was 98% of the asking price of $297,447. The average Oakridge  house was on the market for 36 days . 81 condos have sold in the Oakridge Neighbourhood in the same period with an average selling price of $202,008 which was 99% of the asking price of $204,006. These condos that sold in Oakridge were on the market an average 63 days .   Most homes in Oakridge have large lots, tree lined wide streets so if you are looking for large backyards and space, Oakridge may be for you. A little bit of energy, money and smart renos can make Oakridge an inexpensive neighbourhood to live in.   Don't forget about having one of...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
    My, how libraries have changed. A long, long time ago when I was going to school and visited libraries I remember the smell of books, the quite aura that volumes of books exude and the sombre look and attire of librarians.Well, for some reason, I decided to drop into the 'newer' library on Wonderland Road South and I was blown away. Bright colours, computer stations, noise and staff that seemed to have life in them! My, how libraries have changed! Here are where 16 of them are in London Ontario.
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
As a home buyer, being your first time or your 5th, most buyers  face at least one of these situations.    ¨      You're looking to make one of the most important purchases of your life and you don't want to get burned because of not knowing whom you can trust, or making a mistake that could cost you thousands of dollars later.   ¨      You think you know the values in the marketplace , but are not really sure. You know how much you are pre-approved for, but you don't want to go that high. What you really would like is to be assured of getting the most that you can for your money, without having any regrets after your closing.   ¨      You're feeling out of control because there are so many unanswered questions. Making it hard to know where to start.         Is there an easy way to buy ...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
  Yesterday I spent the morning showing apartment condos in London and my clients from Montreal were quite impressed at the selection available.What blew them away were the prices! Anyone coming from Toronto, Montreal, Winnipeg, Calgary or Vancouver can but 2 condos for the price their condo is worth in the larger cities. Be it downtown London, near UWO (University of Western Ontario) or close to Springbank Park, there is a great selection available. If you are thinking about buying a condo in London, you will love what you can get for your money. If you are thinking of selling your condo in London, I have buyers seriously looking to purchase a condo. Maybe we should talk?
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
Houses & Condos in Pond Mills have sold quite well this year and up to November 24,2010 ,both houses and condos receiving 97-98% of the asking price.Condos have been averaging 47 days to sell with houses in Pond Mills only 35days! The average selling price for a condo in Pond Mills is $120,896 which was 97% of the asking price(52 sales) and  with houses averaging $193,613 which was 98% of the asking price(68 sales)of $197,805.. As you can see, Pond Mills has some very attractive prices and for anyone wanting quick access to the 401 or industry in London, this is the place. Some great schools, shopping and other family amenities are all close by. For up to date information and some great buys, maybe we should get together. As well, as with all averages, there are pockets in Pond Mills wh...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
 2 storey and one floor homes in Summerside, in South East London have been quite active up to November 24 with 94 houses selling followed by 20 condos. The average selling price of a 2 storey house was $262,624 being 98 % of the asking price of $267.297 ! There were 20 condos that sold at an average sale price of $214,355 which was 98% of the asking price of $219,369.. On average it took about 78 days for a house to sell and for condos, 40 days and nights! If you are looking for a 2 storey houses for sale in Summerside starting from $220,000 - $340,000  there are 13 available and 2 condos for sale starting from $165,900 - $263,900. Summerside has new homes being built or to be built by quality builders as well. To learn more about Summerside in London Ontario and especially about real ...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
Houses and condos have been selling quite well in Riverbend as of November 23 of this year, a neighbourhood in west London off of Oxford Street West and nestled between the Hunt Club and The Riverbend Golf Community.   42 houses sold in Riverbend  with the average sale price of $456,549 which was 97% of the asking price of $470,002. Two storey homes still lead the way followed by one floor cottages and ranches.  As with both condos and houses, the average days on the market were around 62 days. 8 condos sold in the Riverbend neighbourhood at an average asking price of $356,534 and those 8 sold for 99% of that price. For up to date availability of homes in this neighbourhood in west London, or to learn about new strategies on how to best market your home, I can help!   For up to date inf...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
The Byron neighbourhood in London is proving once again to be a popular and desirable neighbourhood with its amenities, schools, safety and proximity to all that London has to offer.  As of November 23 of this year, the real estate market has been pretty strong with home and condo sellers receiving on average 98% of their asking price! Houses in Byron were on the market an average of 34 days while for condos it was 48 days. The average asking price of house in Byron was $351,137 and 112 have sold for far at an average price of $343,913. 53 condos sold at an average of $231,896 which was 2% less than the asking price of $237,073.  For an updated list of houses or condos for sale in Byron or to talk about a marketing strategy to help you sell your home, my Exclusive 28 Step Marketing Plan...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
This Sunday for the first time, there is an Open Condo at 900 Pond View Road, Unit 38 between 1-3PM. These condo units are located in Millers Cove, an enclave of town homes that are tastefully designed and located across from a conservation area. This end unit has a walkout and a second floor deck, new windows and doors and a huge eat in kitchen. At $159,900 you are getting a big bang for your buck! Take a virtual tour under MY LISTINGS by going here.
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
Today between 1-3 PM there is an Open House at 1690 Fiddlehead Place in trendy Sunningdale. Take Fanshawe Park Road west and turn onto Louise and the first right onto Buttercup and there we are. On a cul-de-sac, this 5 1/2 year old Sifton built home is available at only $359,000, has 4 + 1 bedrooms and 3+1 bathrooms. Come and have a look and if you can't today, then call me, I'll arrange a convenient time to view. Go here for more info.
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
You have decided to sell your home and have a fairly good idea of what you think it is worth. Being a sensible home seller, you schedule appointments with three local real estate representatives, (or a friend of a friend who has a friend). They set up a time with you and maybe arrive with a "Competitive Market Analysis" and they each recommend a specific sales price.     Amazingly, two of the REALTORS®  have suggested prices that are lower than what you expected. Even though they have backed up their recommendations with recent sales data of similar homes, you remain convinced your house is worth more.      When you interview the third REALTOR'S®  figures, his or her numbers are much more in line with what you think your house is worth. Or they may have even suggested to you a higher pr...
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