Jul 132011

The London and St.Thomas area continues to offer excellent house values.

When compared to other major cities across Canada, London and area home prices look like quite a bargain. Let’s take a look at average home prices, based on MLS® sales, across the country.

It should be pointed that the London-St.Thomas area is not the most affordable due to a fall in prices. In fact, the average price across the area has been hoolding steady or showing small increases. We are fortunate to have a fairly stable real estate market without the volatile price swings that some cities have.

My monthly real estate market watch can be found here

Disclosure Statement: Although the Information displayed is believed to be accurate, no warranties or representations are made of any kind.

The London and St. Thomas Association of REALTORS® represents nearly 1,500 real estate brokers and sales representatives from Middlesex and Elgin Counties. As members of the Canadian Real Estate Association, LSTAR members may use the REALTOR® trademark, which identifies them as real estate professionals who subscribe to a strict code of ethics. The Association operates the local Multiple Listing Service® (MLS®) and provides ongoing professional education courses for its members. It also participates in the Ontario Real Estate Association’s Quality of Life program.

MLS® is a registered trademark of CREA the Canadian Real Estate Association