London: Growth in the Housing Market

London is a city situated in southwestern Ontario, Canada near the city of Windsor. It is one of the fastest growing cities outside the Greater Toronto Region. Making up one of the Top University & Student Towns in Ontario due to Western University &Fanshawe College.According to Canadian census 2016, the population of London is estimated to be 383,882.

Top areas and neighborhoods:
In London, Ontario a buyer can find a best property in following neighborhoods
• Downtown London Ontario
• Oakridge London Ontario
• Hyde park London Ontario
• Riverbend London Ontario
• Wortley village old south London neighborhood
• Sunningdale London Ontario
• Dorchester Ontario real estate
• Fox hollow London Ontario
• Byron London Ontario
• Pond mills glen cairn London Ontario
• Lambeth Talbot village London Ontario
• Summerside London Ontario
• St. Thomas Ontario real estate
• westmount London Ontario
With the exception of windows, doors and some half-timber work, historical and modern houses are made entirely of stone, from the rubble stone walls and chimney to the beautiful cut stone shingles on the steep gabled roof. They resemble a medieval postcard perfect country cottage. They have modest dormers which are made by an almost authentic half-timber method. The oriel window is a multi-paned which supports a copper hood. the first floor’s windows are multi paned as well. Like many Tudor revival homes, it is best seen in the winter because it is fully surrounded by mature trees and bushes. The windows are all casement windows. Sash windows replaced casements in England and Ontario starting around 1670, with the influx of the neo-classical style. Sash windows became the required window in the first half of the 18th century when the medieval period became, once again, popular. The façade of the house is composed of the half-timbering-large wooden members filled in with white stucco. Traditionally, the white stucco would cover a mixture of horse hair, horse and cow manure, and soil. This was medieval insulation. The details on a historical house offers the real magic of architecture. Under the sill, acting as a bracket, is a medieval antic while commingled animal, human and floral parts used to terminate moldings and decorate brackets and corbels. So, Houses are made from stone with the exception of doors, windows

Average Property Price:
The average price for Homes for sale in London is $400,000 is the mean price of a house which is exceeding 5.6% in contrast to the sales in same month, previous year. However, it is possible for buyers to purchase a house costing less than $300,000 if they choose to consider houses in less developed and established localities. In 2009, the mean price of housing was $209,000. The prices rise rapidly considering that 2 years ago, the average worth surpassed $300,000. As concluded from the statistics, real housing district prices have approximately increased by twofold over 1010 years. In London and St. Thomas community, 603 houses have been sold past month as reported by the association. In two months, the ownership of 1,128addresses have been altered. The annual greatest yield of the region was earned in elgin county and mean sales price of $360,800 was obtained in the month of February.
Some most affordable place in London are:
• Barking & Dagenham. Mean house price: £297,571
• Bexley. Mean house price (2018): £377,067
• Sutton. Mean house price: £454,580
• Havering. Mean house price: £389,326
• Redbridge. Mean house price: £463,238
• Croydon. Mean house price: £434,134
• Barking and Dagenham are the cheapest places to buy a house. Bexley and newhamare the second cheapest places nest to barking and dengham.
Real Estate Market Forecast:
It is a good market for real state sellers as sale price of the houses is not going to stop at one figure. London offer a continuously increasing real estate market. The mean sales price in the region is expected to increase by $405,956 by the end of august 2019, which is almost the 11.3% increase than that the figure of previous year. 2-storey home is the most popular type of residential property and mean price for these properties was $554,015 in London and $395,957 in other areas, which is increased by 13.8% since august 2018.


Samantha Agares

of London, Ontario

at.SKYLIFE Real Estate Group

ext. 5027