Latest LSTAR News
Last month a total of 627 homes exchanged hands, down 16.1% from the previous year, making August 2010 the third consecutive month in which the decline in market activity forecast by the Canadian Real Estate Association (CREA) and Canada Mortgage and Housing Corporation (CMHC) continued to erode the gains made last year. Erode but not erase: Year to Date home sales in the jurisdiction of the London and St. Thomas Association of REALTORS® still tops those of last year by 5.2%.
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The decline in market activity forecast by the Canadian Real Estate Association (CREA) and Canada Mortgage and Housing Corporation (CMHC) continued to dampen real estate sales for a second consecutive month. “This is not just our local market,” explains Joe Hough, Past President of the London and St. Thomas Association of REALTORS®, “it’s nationwide. What happened was this: the Great Recession created pent‐up demand in our local real estate market; then, when it became clear, in the Autumn of last year, that Canada and our region had successfully weathered the economic storm, that pent up demand exploded, fueling our market for the period October 2009 until the end of May 2010.”
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LSTAR NEWS
- August Sales Reflect National Trend
LSTAR News Release - September 1st, 2010
- Market Cools in July
LSTAR News Release – August 3, 2010
- TDREB and LSTAR Integrate Databases
TDREB & LSTAR News Release, July 9, 2010
- Detached Home Starts Moved Up in June
CMHC News Release – July 9, 2010
- Market Slows in June
LSTAR News Release – July 5, 2010
- No HST on Resale Homes
LSTAR News Release – June 24, 2010
- Local Association Executive Heads Up REALTOR® Foundation
LSTAR News Release, June 22, 2010
- Local REALTOR® Peter Hoffman Elected to Real Estate Regulatory Body
LSTAR News Release – June 17, 2010
- May Brings Lower Homes Sales and Fewer New Listings
CREA News Release - June 16, 2010
- U.S.-Style Home Price Correction Unlikely in Canada
CREA News Release - May 26, 2010
- Local REALTORS® Celebrate 25 Years of Advocacy
News Release
News Release
- REALTORS® give back to their community
News Release
- CREA Podcasts
- OREA Social Media
- London Mayor Anne Marie DeCicco-Best's State of the City Address:
London: The City That Could Be
- London real estate salesperson Mike Carson will continue as a member of the board of directors of the Ontario Real Estate Association (OREA), representing Ontario to the Canadian Real Estate Association:
News Release
LSTAR'S ARCHIVED STATISTICAL INFORMATION
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This information is provided by the London and St. Thomas Association of REALTORS®.
The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.
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