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February 2023 Market Watch
LSTAR’s News Release for February 2023
Local Home Prices See Modest Growth
In February 2023, the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR) recorded only 436 residential transactions, thus marking the lowest number of February home sales seen by LSTAR since 1995.
Despite the sluggish sales, 761 new listings entered the market during the same time frame, bringing the number of active listings to 1,320 by month-end. The overall sales-to-new listings ratio for the entire jurisdiction of LSTAR was 57.3%.
Compared to February 2022, both the overall average home price and the composite MLS® Home Price Index (HPI) Benchmark Price were significantly lower, down 24.2% and 25.1%, respectively. Despite this, both metrics saw a modest month-over-month growth. LSTAR’s overall average home price was $621,912 last month, while the composite MLS® HPI Benchmark Price came in at $583,500.
“With the Bank of Canada signalling that interest rates may have peaked and the consumer confidence index sitting at its highest level since September, I am feeling optimistic about the local housing market. The frantic bidding wars of the past seem to be now in our rearview mirror. And home buyers are getting more and more comfortable with taking on variable-rate mortgages, feeling encouraged by this much calmer environment. In these conditions, the spring market could surprise us,” said 2023 LSTAR President Adam Miller.
To further understand the market, the following table illustrates February’s average home prices in LSTAR’s main regions compared to the benchmark prices for those same areas.
| Area | February 2023 MLS® HPI Benchmark Price | February 2023 Average Price |
|---|---|---|
| Central Elgin | $581,600 | $772,488 |
| London East | $473,500 | $545,823 |
| London North | $701,900 | $716,079 |
| London South | $579,700 | $591,098 |
| Middlesex Centre | $833,600 | $901,034 |
| St. Thomas | $499,100 | $552,500 |
| Strathroy-Caradoc | $713,500 | $672,013 |
| LSTAR | $583,500 | $621,912 |
“Out of all house types, single-family homes were the ones that drove the month-over-month increases we noticed in the average and benchmark prices. Last month, the average price of a single-family home was $673,226 in our area, 25.2% lower than in February 2022, but also 5.6% higher than in January 2023. In addition, its MLS® HPI benchmark price was 4% higher than in the previous month,” Miller observed.
Providing a comprehensive overview of the benchmark prices for all housing types in LSTAR jurisdiction, the following table presents the figures for February 2023. This data allows for a direct comparison with the benchmark prices from the preceding years of 2022 and 2020.
| BENCHMARK TYPE | FEBRUARY 2023 | CHANGE OVER FEBRUARY 2022 | CHANGE OVER FEBRUARY 2020 |
| LSTAR Composite | $583,500 | ↓25.1% | ↑44.0% |
| LSTAR Single-Family | $628,300 | ↓25.0% | ↑46.4% |
| LSTAR One Storey | $558,400 | ↓25.2% | ↑43.0% |
| LSTAR Two Storey | $676,300 | ↓24.8% | ↑48.4% |
| LSTAR Townhouse | $489,400 | ↓25.7% | ↑43.3% |
| LSTAR Apartment | $353,800 | ↓26.1% | ↑18.2% |
December 2022 Market New Release
LSTAR’s News Release for December 2022
Quiet December Wraps Up Modest Year
299 residential properties exchanged hands last month in the jurisdiction of the London and St. Thomas Association of REALTORS® (LSTAR), bringing the total number of homes sold through the Association’s Multiple Listing Service® (MLS®) System in 2022 to 7,639.
“The last month of 2022 was the December with the lowest number of home sales recorded by LSTAR in the last decade. And, overall, 2022 saw the second lowest number of home sales since 2012,” said Randy Pawlowski, 2022 LSTAR President.
“No one could have predicted that at the beginning of the year when the local housing market peaked, fueled by the lingering pandemic and its socio-economic effects. Once the economy started to get back on track and the Bank of Canada began increasing its benchmark rate, the dynamics of the local housing market changed drastically. One could say that, for LSTAR Members, 2022 came in as a roaring lion and went out like a lamb,” he added.
While residential transactions were at their second-lowest point in the last decade, the number of new listings climbed to 14,126 – the second-highest yearly total during the same time frame. This brought the number of months of inventory to 3.8 as of December 31st.
“December’s sales-to-new listings ratio sat at 74.6, which shows that housing demand is still high in our area,” Pawlowski observed. “With the increased levels of inventory, local Buyers have now more choices and time to shop for new homes. However, the considerable loss of affordability triggered by the successive interest rate hikes continues to challenge local Buyers. And on the supply side, many homeowners are reluctant to list their properties, given the recent drops in average and HPI benchmark prices,” he noted.
Compared to a year ago, LSTAR’s average home price decreased, but remained higher than the figures seen in 2020 and before. Year-to-date, the overall average price of LSTAR sat at $724,583. In December, LSTAR’s overall average home price was $612,770, 14% lower than a year ago, but 10.5% higher than in December 2020. Similarly, the composite MLS® Home Price Index (HPI) Benchmark Price was $566,600 last month, 15.1% down from last year, but 17.1% higher than in December 2020.
The following table shows how December’s average home prices in LSTAR’s main regions compare to the benchmark prices for the same areas.
| Area | December 2022 MLS® HPI Benchmark Price | December 2022 Average Price |
|---|---|---|
| Central Elgin | $588,600 | $549,343 |
| London East | $458,900 | $448,002 |
| London North | $676,200 | $713,297 |
| London South | $563,200 | $613,050 |
| Middlesex Centre | $804,600 | $901,286 |
| St. Thomas | $496,100 | $521,154 |
| Strathroy-Caradoc | $693,700 | $657,985 |
| LSTAR | $575,500 | $615,247 |
The following table shows the December benchmark prices for all housing types in LSTAR’s jurisdiction and how they compare with the values from the previous year.
| BENCHMARK TYPE | DECEMBER 2022 | CHANGE OVER DECEMBER 2021 |
| LSTAR Composite | $566,600 | ↓15.1% |
| LSTAR Single-Family | $601,200 | ↓15.6% |
| LSTAR One Storey | $544,500 | ↓11.8% |
| LSTAR Two Storey | $640,000 | ↓17.6% |
| LSTAR Townhouse | $505,100 | ↓12.2% |
| LSTAR Apartment | $377,700 | ↓13.4% |
LSTAR’s Statistical Package for December 2022
The December 2022 Statistical Package of LSTAR has 751 pages. Because it is a large file, it might take a longer time to load on your screen.
The Stats Package includes the MLS® HPI benchmark prices for all neighbourhoods and subdivisions that fall under the jurisdiction of LSTAR, as well as descriptions of benchmark homes for each of these.
To navigate the Stats Pack PDF file, click on the hamburger symbol 
displayed in the left upper corner of your screen to reveal all the bookmarks of the document.
To find information about London East, please go to “East Residential”. The information about London North can be found under “North Residential” and the London South data – under “South Residential”.
Click on the following link to see the complete Statistical Package of LSTAR for December 2022:
A more condensed version of the LSTAR Statistical Package can be found here.
LSTAR’s News Release for November 2022
LSTAR’s News Release for November 2022
Local Housing Market’s Correction Continues
451 residential properties exchanged hands last month through the Multiple Listing Service® (MLS®) System of the London and St. Thomas Association of REALTORS® (LSTAR), 44% less than in November 2021. LSTAR Members’ home sales included 336 single family homes, 64 condo townhouses, and 36 apartments – all significantly down from a year ago.
“In the last two years, the local housing market’s frenzy was artificially fueled by the socio-economic climate of the pandemic. Now, that the socio-economic conditions are completely different, the local housing market is in correction mode,” said Randy Pawlowski, 2022 LSTAR President. “The market is especially affected by the Bank of Canada’s interest rate hikes, which intensify buyer reluctance and weaken people’s purchasing power,” he added.
While residential transactions were at their lowest point in the last decade, the number of new listings climbed to 875 in November, a new record high for the eleventh month of the year. This increased the level of the local housing inventory, which sits now at 3.3 months.
“The housing demand is still high in our area, and with the increased levels of inventory, local Buyers have now more choices and time to shop for new homes. However, the uncertain economic conditions are keeping many prospective Buyers on the sidelines,” Pawlowski observed.
Compared to a year ago, the average home price decreased, but remained higher than the figures seen in 2020 and before. LSTAR’s overall average home price was $615,247 in November, 7.8% less than a year ago, but 13.8% higher than in November 2020. On the other hand, the composite MLS® Home Price Index (HPI) Benchmark Price was $575,500 last month, 10% down from last year, and also 9.8% lower than in November 2020.
The following table shows how November’s average home prices in LSTAR’s main regions compare to the benchmark prices for the same areas.
| Area | November 2022 MLS® HPI Benchmark Price | November 2022 Average Price |
|---|---|---|
| Central Elgin | $582,300 | $622,909 |
| London East | $468,500 | $502,606 |
| London North | $687,400 | $705,725 |
| London South | $569,800 | $617,379 |
| Middlesex Centre | $812,200 | $921,460 |
| St. Thomas | $492,900 | $515,180 |
| Strathroy-Caradoc | $712,200 | $637,977 |
| LSTAR | $575,500 | $615,247 |
All housing types recorded year-over-year decreases in both their average and HPI benchmark prices. “As with any major asset, it’s important to take a long-term approach when looking at how much your investment has appreciated. The substantial home equity gains seen over the last two years were not sustainable. However, if you have owned your property for a longer period of time, your equity has increased significantly and can buffer the new price corrections,” Pawlowski explained.
The following table shows the November benchmark prices for all housing types in LSTAR’s jurisdiction and how they compare with the values from the previous year.
| BENCHMARK TYPE | NOVEMBER 2022 | CHANGE OVER NOVEMBER 2021 |
| LSTAR Composite | $575,500 | ↓10.0% |
| LSTAR Single-Family | $614,000 | ↓10.2% |
| LSTAR One Storey | $562,000 | ↓7.3% |
| LSTAR Two Storey | $649,500 | ↓11.8% |
| LSTAR Townhouse | $490,800 | ↓9.9% |
| LSTAR Apartment | $391,200 | ↓5.4% |
“When compared to other values recorded provincially and nationally, homes in our area continue to remain relatively affordable,” Pawlowski said. The following chart shows HPI benchmark prices for November, courtesy of CREA.
October 2022 Market updates from London Board
LSTAR’s News Release for OCTOBER 2022
Rising Borrowing Costs Further Soften Local Home Sales
In October 2022, the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR) saw 975 new listings and 504 home sales. While October’s new listings were on par with the average value recorded for the month of October throughout the last decade, the monthly home sales were at their lowest point in the last ten years.
“This year’s successive increases in interest rates put a big dent in the local home sales activity and made the year-over-year price values plunge. However, it’s not all bad news: LSTAR’s sales-to-new listings ratio increased from 42.4% in September to 51.7% in October, which indicates a more balanced market. Moreover, the overall average home price in the London-St. Thomas region was a bit higher in October than during the previous month, increasing from $635,256 in September to $640,570 last month,” said 2022 LSTAR President Randy Pawlowski.
Compared to a year ago, both the average home price and the composite MLS® Home Price Index (HPI) Benchmark Price edged slightly down but remained higher than the figures seen in 2020 and before. LSTAR’s overall average home price was $640,570 in October, 4.1% less than a year ago, but 21.7% higher than in October 2020. The composite MLS® HPI Benchmark Price sat last month at $584,200, 2.1% lower than last year, but 26.1% higher than in October 2020.
The following table shows how October’s average home prices in LSTAR’s main regions compared to the benchmark prices for the same areas.
|
“Despite having the lowest number of units sold (37), apartments recorded actual gains in both their average and HPI benchmark prices, unlike single-family homes and condos, which saw year-over-year decreases. More specifically, in October, the average price of an apartment in the London-St. Thomas region was $416,516, 8% higher than in October 2021, while its HPI benchmark price was $398,600, up 2% over the same time a year ago,” Pawlowski observed.
The following table shows the October benchmark prices for all housing types in LSTAR’s jurisdiction and how they compare with the values from the previous year.
| BENCHMARK TYPE | OCTOBER 2022 | CHANGE OVER OCTOBER 2021 |
| LSTAR Composite | $584,200 | ↓5.6% |
| LSTAR Single-Family | $624,900 | ↓6.2% |
| LSTAR One Storey | $559,400 | ↓6.5% |
| LSTAR Two Storey | $669,800 | ↓5.9% |
| LSTAR Townhouse | $489,400 | ↓1.4% |
| LSTAR Apartment | $390,800 | ↑2.0% |
September Home Sales Continue Cooling Trend
LSTAR’s News Release for SEPTEMBER 2022
September Home Sales Continue Cooling Trend
The local housing market continued to cool off in September, with 497 homes exchanging hands via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR). Housing supply made a healthy gain from 2.7 months of inventory in August to 3.4 months of inventory in September, showing more signs of market stabilization.
“An additional interest rate hike, the fifth one so far in 2022, continues to impact home sales activity,” said 2022 LSTAR President Randy Pawlowski. “We are experiencing increased inventory levels, indicating a more balanced marketplace. For historical perspective, the 3.4 months of inventory is the highest recorded for the month of September, since September 2015.”
The average home sales price and composite MLS® Home Price Index (HPI) Benchmark Price both edged slightly down from August to September. LSTAR’s overall average home price fell from $648,036 in August to $635,256 in September. The composite MLS® HPI Benchmark Price saw a marginal decrease from $599,500 in August to $596,900 in September. The data represents a trend the majority of local real estate markets are seeing across the country, according to the Canadian Real Estate Association (CREA).
“Although the market is slowly stabilizing, it’s important to remember that every home transaction is unique,” Pawlowski said. “As the market evolves, your local REALTOR® can provide support on how to navigate this changing environment, with real-time data and professional guidance.”
The following table shows how September’s average home sales prices in LSTAR’s main regions compared to the benchmark prices for the same areas.
| Area | September 2022 MLS® HPI Benchmark Price | September 2022 Average Price |
|---|---|---|
| Central Elgin | $601,400 | $675,231 |
| London East | $487,900 | $495,326 |
| London North | $713,000 | $759,555 |
| London South | $591,000 | $614,261 |
| Middlesex Centre | $839,600 | $1,025,445 |
| St. Thomas | $508,800 | $541,569 |
| Strathroy-Caradoc | $719,100 | $733,215 |
| LSTAR | $596,900 | $635,256 |
The following table shows the September benchmark prices for all housing types in LSTAR’s jurisdiction and how they stack up against the values from the previous year.
| BENCHMARK TYPE | SEPTEMBER 2022 | CHANGE OVER SEPTEMBER 2021 |
| LSTAR Composite | $596,900 | ↓1.3% |
| LSTAR Single-Family | $641,000 | ↓1.1% |
| LSTAR One Storey | $578,900 | ↓0.2% |
| LSTAR Two Storey | $683,500 | ↓1.5% |
| LSTAR Townhouse | $496,200 | ↓2.4% |
| LSTAR Apartment | $390,800 | ↓0.8% |
Aug 2022 Market Update Summary
LSTAR’s News Release for August 2022
LSTAR’s News Release for August 2022
August Signals a Soft Landing of the Local Real Estate Market
The number of homes sold in the jurisdiction of the London and St. Thomas Association of REALTORS® (LSTAR) fell by 34.8% in August from the same month last year, but saw an increase over the previous month, which indicates a soft landing of the local real estate market. More specifically, 607 residential transactions were recorded last month by LSTAR’s MLS® System – 324 less than a year ago, but up by 93 units from July.
“The softness seen over the last few months in the local real estate market was, undoubtedly, caused by the continuous rise in the mortgage interest rates, which has translated into higher borrowing costs,” said 2022 LSTAR President Randy Pawlowski. “However, the sales-to-new listings ratio, which reflects the share of new listings out of the total number of home sales, increased from 41.8% in July to 56.7% in August, moving our market into a more balanced territory,” he added. “This is encouraging, as it could signal a bit more support for the home selling prices in the coming months.”
In August, LSTAR’s composite MLS® Home Price Index Benchmark Price was $599,500, down 4% from July. However, this value is still 0.5% higher than the figure recorded for August 2021. Similarly, LSTAR’s overall average home price dropped slightly from $667,323 in July to $648,036 in August. Compared to the same period last year, this figure is still 5.2% higher. This represents a trend the majority of local markets are experiencing across the country, according to the Canadian Real Estate Association (CREA).
“When looking to buy or sell a home, it’s essential to remember that each transaction is unique and does not always reflect the trends observed in the overall activity of the local marketplace,” Pawlowski said. “Especially in changing markets, the expertise and real-time data provided by your local REALTOR® can be invaluable resources.”
The following table shows how August’s average home sales prices in LSTAR’s main regions compared to the benchmark prices for the same areas.
| Area | August 2022 MLS® HPI Benchmark Price | August 2022 Average Price |
|---|---|---|
| Central Elgin | $609,700 | $731,641 |
| London East | $488,900 | $504,787 |
| London North | $714,600 | $777,251 |
| London South | $594,200 | $630,632 |
| Middlesex Centre | $851,000 | $1,335,846 |
| St. Thomas | $520,600 | $582,851 |
| Strathroy-Caradoc | $719,800 | $570,692 |
| LSTAR | $599,500 | $648,036 |
The following table shows the August benchmark prices for all housing types in LSTAR’s jurisdiction and how they stack up against the values from the previous year.
| MLS® Home Price Index Benchmark Prices | ||
|---|---|---|
| Benchmark Type | August 2022 | Change over August 2021 |
| LSTAR Composite | $599,500 | ↑ 0.5% |
| LSTAR Single-Family | $637,600 | ↑ 0.0% |
| LSTAR One Storey | $576,100 | ↑ 1.9% |
| LSTAR Two Storey | $679,600 | ↓ 0.9% |
| LSTAR Townhouse | $511,700 | ↑ 1.4% |
| LSTAR Apartment | $421,600 | ↑ 5.4% |
LSTAR’s News Release for June 2022
LSTAR’s News Release for June 2022
Market Cools off in June
1,727 new residential listings and 663 home sales were recorded in June 2022 in the London-St. Thomas area via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR). The local housing supply increased from only 1.7 months of inventory in May to 2.8 months of inventory in June.
“While the number of new listings is the highest ever recorded by LSTAR in the month of June, the number of June home sales is at its lowest point in the last ten years,” said Randy Pawlowski, 2022 LSTAR President. “Our local market is cooling off rapidly, but home prices don’t follow suit as fast,” he added.
LSTAR’s composite MLS® Home Price Index Benchmark Price was down 7.8% from May, decreasing from $703,300 in May to $648,500 last month. However, this value is still 10.1% greater than the figure recorded in June 2021. Similarly, LSTAR’s overall average home price fell from $762,397 in May to $686,287 in June. Compared to the same period last year, this figure is still 8.9% higher.
“While the three consecutive interest rate hikes by the Bank of Canada succeeded to put some downward pressure on the home prices, the low housing supply is what keeps them relatively elevated. Even if the number of months of inventory increased to almost three, this value is still lower than normal. In a balanced market, the inventory should sit at 3.5 or 4 months,” Pawlowski said.
The following table shows how June’s average home sales prices in LSTAR’s main regions compare to the benchmark prices for the same areas.
| Area | June 2022 MLS® HPI Benchmark Price | June 2022 Average Price |
|---|---|---|
| Central Elgin | $637,700 | $616,591 |
| London East | $524,900 | $547,492 |
| London North | $781,700 | $807,984 |
| London South | $644,100 | $696,067 |
| Middlesex Centre | $925,400 | $1,007,905 |
| St. Thomas | $537,300 | $576,680 |
| Strathroy-Caradoc | $794,000 | $657,051 |
| LSTAR | $648,500 | $686,287 |
“The favourite dwelling type of the local home buyers remains the single-family home: out of the 663 units sold last month, 493 were single-family homes,” Pawlowski explained. “The rest of the June transactions were comprised of 82 condo sales and 58 apartment sales,” he added.
In June, the average price for a single-family home in LSTAR’s jurisdiction stood at $736,158, that of a condo – at $583,321, and the overall average price for an apartment – at $413,576.
The following table shows the June benchmark prices for all housing types in LSTAR’s jurisdiction and how they stack up against the values from a year ago.
| MLS® Home Price Index Benchmark Prices | ||
|---|---|---|
| Benchmark Type | June 2022 | Change over June 2021 |
| LSTAR Composite | $648,500 | ↑ 10.1% |
| LSTAR Single-Family | $689,000 | ↑ 9.1% |
| LSTAR One Storey | $626,900 | ↑ 9.7% |
| LSTAR Two Storey | $731,500 | ↑ 8.9% |
| LSTAR Townhouse | $575,800 | ↑ 16.4% |
| LSTAR Apartment | $425,900 | ↑ 10.6% |
“Even if it’s higher than in many cities from other Canadian provinces, LSTAR’s composite HPI benchmark price places our area among the most affordable in Ontario,” Pawlowski observed. The following chart is based on data provided by the Canadian Real Estate Association (CREA) for June 1st, 2022.
LSTAR’s Statistical Package for June 2022
The June 2022 Statistical Package of LSTAR has 751 pages. Because it is a large file, it might take a longer time to load on your screen.
The Stats Package includes the MLS® HPI benchmark prices for all neighbourhoods and subdivisions that fall under the jurisdiction of LSTAR, as well as descriptions of benchmark homes for each of these.
To navigate the Stats Pack PDF file, click on the hamburger symbol displayed in the left upper corner of your screen to reveal all the bookmarks of the document.
To find information about London East, please go to “East Residential”. The information about London North can be found under “North Residential” and the London South data – under “South Residential”.
Click on the following link to see the complete Statistical Package of LSTAR for June 2022:
May Market Updates
LSTAR’s News Release for May 2022
Inventory Levels Rise, but Prices Remain Elevated
In May 2022, 1,835 new residential listings were posted on the MLS® System of the London and St Thomas Association of REALTORS® (LSTAR), more than in any previous May in the Association’s history. The local housing supply increased from only 1.2 months of inventory in April to 1.7 months of inventory in May.
Sales, on the other hand, were more on par with those from the former decade, with only 844 homes exchanging hands last month in LSTAR’s jurisdiction.
“Even if in May the sales-to-new listings ratio dropped to 46%, a figure that, typically, indicates a market that tends to favour home buyers, benchmark and average prices saw only modest month-over-month declines,” said Randy Pawlowski, 2022 LSTAR President. “Compared to last year’s figures, both of these values are substantially higher,” he added.
LSTAR’s composite MLS® Home Price Index Benchmark Price was down 4% over April, falling from $739,700 in April to $703,300 last month. However, this value is still 17.6% greater than the figure recorded in May 2021. Similarly, LSTAR’s overall average home price decreased from $771,682 in April to $762,397 in May. Compared to the same period last year, this figure is 19.5% higher.
“One of the reasons why we are witnessing this level of stability is the change in population from migration and immigration. Only in the fourth quarter of 2021, Ontario’s population saw a net increase of 34,074 people. Many of these new Ontarians are now looking to buy homes they can afford in regions with good schools and hospitals. And, as it happens, our area checks all these boxes.” Pawlowski explained.
“Aside from the growing population, the existing housing supply is another factor that puts upward pressure on the local home prices. While the months of inventory saw slight increases, they are still at lower-than-usual levels. Normally, a healthy inventory should sit at around 3.5 or 4 months,” Pawlowski said.
The following table shows how May’s average home sales prices in LSTAR’s main regions compare to the benchmark prices for the same areas.
| Area | May 2022 MLS® HPI Benchmark Price | May 2022 Average Price |
|---|---|---|
| Central Elgin | $718,000 | $825,705 |
| London East | $570,800 | $575,867 |
| London North | $840,800 | $890,455 |
| London South | $699,500 | $750,388 |
| Middlesex Centre | $990,300 | $1,270,684 |
| St. Thomas | $597,800 | $645,711 |
| Strathroy-Caradoc | $875,200 | $779,431 |
| LSTAR | $703,300 | $762,397 |
Out of the 844 units sold last month, 635 were single-family homes, 105 – condo townhouses, and 65 – apartments.
In May, the average price for a single-family home in LSTAR’s jurisdiction stood at $818,977, that of a condo – at $605,333, and the overall average price for an apartment – at $465,364.
The following table shows the May benchmark prices for all housing types in LSTAR’s jurisdiction and how they stack up against the values from a year ago.
| MLS® Home Price Index Benchmark Prices | ||
|---|---|---|
| Benchmark Type | May 2022 | Change over May 2021 |
| LSTAR Composite | $703,300 | ↑ 17.6% |
| LSTAR Single-Family | $749,100 | ↑ 17% |
| LSTAR One Storey | $681,800 | ↑ 17.6% |
| LSTAR Two Storey | $795,300 | ↑ 16.8% |
| LSTAR Townhouse | $609,700 | ↑ 22.5% |
| LSTAR Apartment | $473,400 | ↑ 19.4% |
“Even if it’s higher than in many cities from other Canadian provinces, LSTAR’s composite HPI benchmark price places our area among the most affordable in Ontario,” Pawlowski observed. The following chart is based on data provided by the Canadian Real Estate Association (CREA) for May 1st, 2022.
