London's Real Estate Prices Drop $25,000 in April, Listings SURGE

#londonontariorealestate #londonontario #lstar London’s real estate market may have showed some early signs of stress in April. In just three months, the benchmark price has dropped by $30,000, while new listings have surged to near record highs for April. With sales hitting 12-year lows (excluding the COVID period) and inventory building rapidly, the market is clearly shifting in favour of buyers. Could the wave of mortgage renewals be driving homeowners to list now? Links: April 2025 LSTAR Statistics: https://www.lstar.ca/our-latest-statistics Canadian housing market 'sluggish' despite change to mortgage loan rules: https://www.youtube.com/watch?v=BzRyiKoumBI&t=1s Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1: https://www.bnnbloomberg.ca/business/economics/2025/04/30/canadas-gdp-dropped-02-in-february-statcan/ Fixed mortgage rates are rising. Here’s what Canadian borrowers should know: https://www.theglobeandmail.com/investing/personal-finance/article-fixed-mortgage-rates-are-rising-heres-what-canadian-borrowers-should/ ‘Walking on a tightrope’: Deloitte predicts downturn for Canadian economy: https://globalnews.ca/news/11157766/canada-economy-downtown-deloitte-report-april-2025/ 1.2 million Canadian mortgages are set to renew in 2025: https://www.cbc.ca/player/play/video/9.6736603 Monetary aggregates: https://www.bankofcanada.ca/rates/indicators/key-variables/monetary-aggregates/ Canada's home sales in March sink to lowest since 2009 amid tariff turmoil: https://financialpost.com/real-estate/crea-downgrades-housing-market-forecasts-tariffs-economic-uncertainty Canada’s housing market ‘not immune’ to trade war pain, economist says: https://www.bnnbloomberg.ca/business/real-estate/2025/04/01/canadas-housing-market-not-immune-to-trade-war-pain-economist-says/ Canadian Real Estate Association downgrades sales forecast for 2025 as buyers remain wary: sink to lowest since 2009 Indicators of financial vulnerabilities: https://www.bankofcanada.ca/rates/indicators/indicators-of-financial-vulnerabilities/ 68,000 job losses possible in Ontario this year due to U.S. trade war: report: https://www.cbc.ca/news/canada/toronto/fao-report-ontario-impact-us-trade-war-1.7522571 Wayback Machine – TD Mortgage Rates: https://web.archive.org/web/20200629090940/https://www.td.com/ca/en/personal-banking/products/mortgages/mortgage-rates/ Consumer Price Index, monthly, not seasonally adjusted: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000401 Employment, average hourly and weekly earnings (including overtime), and average weekly hours for the industrial aggregate excluding unclassified businesses, monthly, seasonally adjusted: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410022201 Debt service indicators of households, national balance sheet accounts: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110006501 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.