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February

ReMax

London and St Thomas February

Covid-19 has not slowed anything down in London and area.  Markets continue to be strong and the trends for home ownership is amongst its peak.  February 2021 when compared to February 2020 saw an increase of 38.2% increase in home prices – that is a record $616, 065.

With the demand for housing, with limited housing inventory, and the continuous inflex of outside buyers – London is a seller’s market.  The question remains how will the fall/winter markets effect the spring and summer market.  With the approval of Johnson and Johnson, and Astrazeneca vaccine – Canada is on track to vaccinating it population before its target goal of September 2021.  With the lockdowns being a past, we hope the low covid numbers allows builders to get their permits and allow for some new inventory.

 

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