Did you know that London, Ontario is number one city in Canada for housing deals? If you are looking to relocate from an expensive city like Vancouver or Toronto to London, Ontario, you’re going to be pleasantly surprised at how much money you can save when it comes to buying a home.
While cities like Vancouver and Toronto don’t show any signs of slowing down when it comes to housing prices (the price for a detached home in Toronto in October 2015 was above $1 million and Vancouver has been well above $1 million for quite some time now), the good news is that if you are looking for cheap real estate and a high quality of life, London, Ontario is a great city to consider.
- London, Ontario is the 10th largest city in Canada
- The population is 366,150 (according to the 2011 Canadian Census) and growing steadily
- 2 hour drive to Toronto, ON. 2 hour drive to USA (Detroit)
- Average Sale Price of Home in London/St. Thomas: $286,308 (January 2016, courtesy of LSTAR)
Plus! Did you hear the latest travel news? WestJet recently announced that they will be offering non-stop flights from London, Ontario to Vancouver, BC starting summer 2016. Summer is a busy travelling season, and the company is launching a few new routes to test the market. They’ll also be offering direct flights between Hamilton, ON and Vancouver, BC. Rumour has it, if things go well this summer and it proves to be a popular travel route, they might even make it a more permanent option. Fingers crossed! It would be great for Londoners to get away from the snow in the winter months, and I have a sneaking suspicion that if Vancouverites were to check out the cheap housing options in London, Ontario, they’d be on the next flight out here! Your money can go a lot further with real estate in London than Vancouver. This house recently sold for $735,000 ABOVE asking price for a total of $4.3 million. Take one-third of the money they spent above the asking price and you can get a similar-looking home here in London, ON. Sure, the mountains are beautiful, but London is awesome in its own way. Check out some more info about Living in London and get in touch if you have any questions about real estate or this awesome city.
Thanks for reading!