May 2, 2016 A resounding 1,068 homes exchanged hands in April 2016, up 10.8% over April 2015. "This makes last month the best April on record," says Stacey Evoy, President of LSTAR. "The only other April to crack the one thousand mark was April 2010, when 1,017 homes sold." Year-to-Date sales are up 10.7% over last year.   1,650 homes were listed in April, down 14 ...

Don’t cut up those credit cards! It could hurt your chances of getting a loan   0 by Romana King April 1st, 2016   Online only. Q: Which is more important, credit utilization or credit-­to-­income ratio?
 Right now I earn $60,000 per year and have access to three credit cards with a combined limit of $20,000. I have no other loans or ...

Extra mortgage payments reduce your debt, but not on a month-to-month basis   3 by Romana King January 25th, 2016   Online only. Q: I pay my mortgage monthly. Six months ago I increased these payments by an extra $400. Despite this extra money, the interest amount is still roughly the same on the mortgage. Is that normal? Shouldn’t the interest por ...

Many people consider investing in real estate as a way to build a nest egg and have tenants help you pay the mortgage. There are pros and cons to taking that leap, but if you do, here are 10 things to know. 1.Visit with a mortgage broker or your bank to determine how much money you can afford to borrow responsibly for your investment. 2.Look for properties that generate a positive cash ...

February 1, 2016 455 homes exchanged hands in the first month of 2016; this represented only -0.8% less for Detached and down -17.9% for Condos, for a total of -4.2% over the previous January. "You have to keep in mind that last January was the second best January Sales since 2007, so this month's stats show our market is steady" says Stacey Evoy, 2016 President of the London and St. ...

  Whether you’re a home buyer or a seller, there’s lots to like in London. We’re the hottest, affordable housing market in the country, a new national realtor’s survey ­suggests. London ranks No. 1 among cities in Canada for reasonably-priced homes, those going for less than $500,000. Good as that is, the city also boasts a hot market that’s ...

January 4, 2016 2015 proved to be not only the best year for real estate in the jurisdiction of the London and St. Thomas Association of REALTORS® since 2007, but also the second best year in the history of the Association overall. 9,366 area homes exchanged hands over the course of last year, just 59 units short of the 2007 total of 9,425. "The global financial meltdown that led ...

September 1, 2015 August 2015 was yet another month in which home sales in the jurisdiction of the London and St. Thomas Association of REALTORS® were the best they've been since 2007's Global Financial Meltdown. A total of 864 homes sold in August 2015, up 9.2% overall from August 2014. "2015 is shaping up to be a really good year," says Carl Vandergoot. "So far we're up a solid 9.4% from 20 ...

Buying a home can feel overwhelming, and a lot of that uneasiness can come from not understanding how to get a mortgage. This guide — which includes 20 questions to ask lenders — should help clarify the mortgage process and get you on the road to homeownership. See the article here: http://www.zillow.com/blog/home-buyers-mortgage-guide-179902/ If you have any questions rega ...

July 1, 2015 With 1,109 home sales, June 2015 breaks the record for the best June in the history of the London and St. Thomas Association of REALTORS®. "For the second best June on record, you’d have to go all the way back to June 2006 when there were 1,011 sales," says Carl Vandergoot, LSTAR President. He adds, "We could tell that June was going to be a banner month, but we didn’ ...