London Real Estate Under Pressure as New Listings Jump in May

#londonontariorealestate #londonontario #ontariorealestate London’s real estate market is starting to show some real signs of stress, with new listings coming in at a 12-year high – at possibly one of the worst times for sellers to be entering the market for the past 12 years. Links: May 2025 LSTAR Statistics: https://www.lstar.ca/our-latest-statistics Bank of Canada expected to announce another supersized interest rate hike to help temper inflation: https://www.theglobeandmail.com/business/article-bank-of-canada-expected-to-use-another-supersized-hike-to-help-regain/ Posthaste: Canada to take brunt of one of the worst slowdowns since the pandemic, warns OECD: https://financialpost.com/news/canada-brunt-global-slowdown-oecd Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx Our Most Popular Mortgage Rates: https://www.rbcroyalbank.com/mortgages/mortgage-rates.html Wayback Machine – RBC Mortgage Rates: https://web.archive.org/web/20241107011615/https://www.rbcroyalbank.com/mortgages/mortgage-rates.html The Real Estate Salesperson Program: https://humber.ca/realestate/become-a-salesperson/real-estate-salesperson-program.html Mortgage Agent: https://humber.ca/education-training-solutions/association-and-professional-programs/programs/mortgage-agent.html 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 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.