The real estate market in London and St. Thomas saw mixed results in August. Home sales dropped 6%, with 577 homes sold, while the average price fell 4% to $629,500. On the other hand, active listings rose 19% compared to last year. While September typically sees increased activity, current market conditions still offer opportunities for buyers and sellers. With the Bank of Canada lowering its key interest rate to 4.25% and a larger cut expected in October, there’s potential for a market boost as borrowing costs decline. |
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