London Ontario Real Estate - February Update: Sales "PLUNGE"
#londonontariorealestate #londonontario #ontariorealestate London’s real estate sales ‘plunged’ in February, with the number of Active Listings available heading into the Spring Market at a 12-year high – with growing signs that London buyers need to protect themselves when submitting offers. Links: February 2025 LSTAR Statistics: https://www.lstar.ca/our-latest-statistics London-area home sales plunge as tariffs add to buyer uncertainty: https://lfpress.com/news/london-area-home-sales-plunge-as-tariffs-add-to-buyer-uncertainty Mortgage renewal anxiety rises as Canadians brace for higher payments: https://www.mpamag.com/ca/news/general/mortgage-renewal-anxiety-rises-as-canadians-brace-for-higher-payments/525923 Couple ordered to pay $470,000 after reneging on Ontario home deal: https://www.thestar.com/news/gta/couple-ordered-to-pay-470-000-after-reneging-on-ontario-home-deal/article_5e212592-ad11-5ba5-ba33-c5aeb1ce988d.html Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Morning Update: Trump’s trade war sends homebuyers running: https://www.theglobeandmail.com/canada/article-morning-update-trumps-trade-war-sends-homebuyers-running/ Trump’s tariffs will push Canada into recession, economists say: Here’s what to expect as prices rise and the layoffs start: https://www.thestar.com/business/trumps-tariffs-will-push-canada-into-recession-economists-say-heres-what-to-expect-as-prices/article_68d66588-f906-11ef-92ae-ab11fac48529.html Consequences of Backing Out of a Real Estate Deal: https://insightlawfirm.ca/consequences-backing-out-real-estate-transaction/ Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.
