London Real Estate Sales Crashing (still)

London’s sales are still crashing and with that, buyers should be going in under ask. #londonontariorealestate #londonontario #lstar Links: Realtor Commission Calculator: http://londonontariorealestate.ca/RealtorCommissions.xlsx February 2026 LSTAR Statistics: https://lstar.ca/statistics London housing: Good news for renters, not for landlords, homeowners: https://lfpress.com/news/local-news/london-housing-good-news-for-renters-not-for-landlords-homeowners [Buyer] Realtor is discouraging us from bidding - Multiple Representation: https://www.reddit.com/r/canadahousing/comments/1h1ewqy/buyer_realtor_is_discouraging_us_from_bidding/ Realtor told me not to submit an offer under asking price. It sold for 9k under asking only weeks later: https://www.reddit.com/r/RealEstateCanada/comments/1nkipdj/realtor_told_me_not_to_submit_an_offer_under/ Offending The Seller: https://www.reddit.com/r/RealEstateCanada/comments/1oydtel/offending_the_seller/ ANALYSIS: 'Tough year' looms after London region lost 5,000 jobs in a month: https://lfpress.com/news/local-news/analysis-tough-year-looms-after-london-region-lost-5000-jobs-in-a-month THE AVERAGE REAL ESTATE COMMISSION RATE IN ONTARIO: https://rocketadvance.ca/commercial/the-average-real-estate-commission-rate-in-ontario REAL ESTATE LISTING AGENT AND BROKERAGE FEES EXPLAINED: https://rocketadvance.ca/commercial/real-estate-listing-agent-and-brokerage-fees-explained Commission and Brokerage Fees in Canada: A Guide for Realtors and Aspiring Agents: https://remaxmillennium.ca/blog/commission-and-brokerage-fees-in-canada-a-guide-for-realtors-and-aspiring-agents/ BMO Psychology of House Hunting Report: Home Buyers Visited an Average of 10 Homes Before Buying: https://newsroom.bmo.com/2013-05-02-BMO-Psychology-of-House-Hunting-Report-Home-Buyers-Visited-an-Average-of-10-Homes-Before-Buying   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.