White Oaks Reports

The London-St.Thomas Association of Realtors (LSTAR) have released October 2009 sales numbers and the results are encouraging. Thankfully, October 2009 was not a repeat of October 2008. If you remember last October, it marked the beginning of a doom and gloom period with plenty of predictions that the sky was falling. Well, you can put your helmets away, the sky didn’t fall.

October 2009 sales volume was up 14.3% compared to last October and the average sale price was up 1.5%. Good indicators that the market is still healthy.

Homes in LSTAR’s jurisdiction continue to maintain their affordability compared to other major Ontario and Canadian centres. According to the Canadian Real Estate Association’s Residential MLS Report for September 2009 (the most current available), the average price year-to-date for:

 London and St. Thomas was $214,103;
 Calgary was $382,161;
 Durham Region was $275,931;
 Edmonton was $320,746;
 Hamilton-Burlington and District was $288,702;
 Kitchener-Waterloo was $270,399;
 Ottawa was $302,087;
 St. Catharines & District was $223,697;
 Toronto was $388,999; and
 Greater Vancouver was $579,012.