There has been a lot of media lately about the state of Canada’s real estate market and Government efforts to “cool down” overheated markets, primarily in centres such as Vancouver and Toronto. Steps have now been taken to raise the down payment to 10% for those purchases of $500,000 or more.
That may be the case in large metropolitan areas, it’s by no means the norm in our market area. Of course, we have lots of properties in the range of $500,000 plus, but you can still find great homes at a price much less than that.
In fact, the London area, including as far East as Woodstock, the City of St. Thomas and areas West of the City of London are still very good value for home owners. We can still find good housing in the price range of $200,000 to $400,000 depending of course on your needs and your budget.
Just think of our London housing area as one of Ontario’s best kept secrets. And the area in and around the City has far more to offer than just affordable housing options!
The Spring housing market is underway and inventory is low this year, so if you are thinking of selling, now is the time to get your home ready.
Contact the Assist-2-Sell team to find out how we can “assist” you.