London, Ontario is a wonderful place to live. The neighborhoods are clean and safe, the landscape is beautiful, and it has a lot to offer in the way of history, entertainment and culture. Your Toronto or Etobicoke real estate agent will also tell you that the various prices of London homes can fit anyone's budget because some pieces of real estate sell for as low thirty thousand dollars for a cottage or bungalow style home. So, whether you are moving from and upscale 77 Carlton home and want a lavish apartment in the city or want to buy a small home in a quaint area, London has something for everyone.
The great thing about London is that it is located close to Toronto, Canada's capitol, Ottawa, and other great cities like Kitchener and Waterloo. Yet homes in London can be bought for a fraction of the cost compared to other cities in Ontario, Quebec, and even British Columbia. Compared to Toronto, Vancouver, or Markham real estate listings, London homes are generally sold at an average of nine percent lower and resale prices can be even higher. In 2008, the average London home sold for approximately two hundred thousand dollars, while real estate in Toronto or even North Toronto homes generally went for four hundred thousand dollars or even higher.
Even better, it's also a great idea to invest in London, Ontario real estate because homes have continuously been appreciating in value of the next decade and this doesn't seem to be slowing down anytime soon. A recent London Ontario home buyer flipped a house over the past two years and sold it at nearly two hundred thousand dollars over its original price! Another great reason to invest in London, Ontario real estate is the number of opportunities you will have to rent your space while your home appreciates in value. London is home to Fanshawe College and the University of Western Ontario, allowing you rent your home or condo to students while they study away from home.
In conclusion, London is one of the more affordable cities to live in in central Canada. Any panel of Ontario real estate agents and experts will tell you that London homes are cheaper than Kitchener, Toronto, Hamilton, Waterloo, and Oakville real estate. Buying now not only will save you money on the purchase of your home, it will also appreciate in value over time. So, if you are thinking of moving to London, Ontario, the decision should be pretty clear. You can save money, earn money in the future, live close to a major city in Canada, and in one of the most elegant cities in Ontario.
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