london real estate diagnosis

RSS Feed Homepage

Articles: 1, 2, 3, 4, 5, 6, 7

Why Real Estate?
2010-12-30 22:19:00
Why real estate?  Why should real estate be in your investment portfolio? Apart from the obvious pathetic investment alternative of mutual funds, GICs or savings accounts (or the unpredictable stock market), real estate is exactly where you want to be in inflationary times.  And with quantitative easing (ie the US printing money like its going out of style) you can bet that the flood of money being printed will eventually be mopped up into hard assets.  But we’ve been told over and over again that the core inflation rate has been holding steady at approx 2% right?  Well, yes we have and and no it might not be true.  it depends on who you ask and if you accept that core rate at face value or not.   Confusing? Definitely.  We’re being told inflation is minimal yet many people believe we’re in the most underreported inflationary environment ever. Ozzie Jurock is one of those many who certainly feels we are: “Jurock explained that his faith in the value of...
More About: Estate , Real Estate , Real

24 Emery St.
2010-11-16 18:01:00
*** CALL KERILEE NOW FOR OUR SPECIAL MOVE IN BONUS!*** Charming three bedroom house in Old South featuring hardwood flooring, ceremic tile, a newly renovated kitchen, five appliances & a huge park like fenced backyard. All for just $xxxx.xx a month! (plus utilities) Close to shopping, and great schools. Call Kerilee now at 519-617-2024 to schedule a viewing!

363 Colborne St.
2010-10-08 05:49:00
Are you a young professional looking for a modern, luxurious condo in the downtown core of London? Well, we have the perfect apartment for you: Features: 1 bedroom penthouse with a beautiful balcony facing southwest In-suite laundry washer/dryer Stainless steel microwave, dishwasher, oven and fridge Large walk-in bedroom closet Large storage closet that doubles as a small den The building is well-kept by an excellent staff and amenities include salt-water pool, jacuzzi, sauna, fitness room and tennis courts 1 free parking spot  + guest parking Controlled Entrance and Video Surveillance Conveniently located in the downtown core of London Walking distance from all the best restaurants, bars, and shopping in London 1 Year Lease Required – Available Immediately! $985 + Utilities. Arrange a showing as soon as you can. This won’t last long! For more information and photos see londonpenthouse.ca

1442 Byron BaseLine Road
2010-09-11 02:52:00
Finally a Place to Call Home! Gorgeous 3 bedroom, 2 bathroom, family home in prime Byron neighbourhood. All appliances included! Spacious air conditioned family home includes living room,large kitchen, dining room, lower level family room with fireplace. Paved patio is perfect for entertaining in the park like backyard! Large double garage, shed and basement for storage. $1350.00 monthly plus utilities, call Kerilee or Drew today at 519-852-8600.
More About: Road

Brodylan White Adds New Property to Old South Portfolio
2010-05-17 21:43:00
Another core duplex was added to the Brodylan White Property Management portfolio in April 2010. Located at 225 Wortley Road in Old South London Ontario, this core property compliments the existing lineup of solid performing investment properties operating in the best area of London Ontario – Old South. This new 225 Wortley Road acquisition to our London Ontario property managment inventory represents tremendous value and opportunity.   An absolutely incredible location featuring a massive lot, structurally sound duplex, and the ability to add value via renovations were just some of the impressive factors that led to the acquisition. As always, the price point for rent is incredibly good & represents great value for tenants…. In typical Brodylan White fashion, we are offering unparalleled quality living at a lesser price than our competitors. Take some time to browse through our upcoming picture gallery on this 225 Wortley property in our find a home section.
More About: Portfolio

43 Wynfield Ln
2009-12-12 20:50:00
Luxurious Harasym built home on mature lot with professionally landscaped yard in beautiful subdivision MUST BE SEEN.   Exceptional attention to detail and quality throughout this home!   You’ll love the oak hardwood flooring in foyer & hallways complimenting the california shutters, pot lighting and crown mouldings featured in this luxurious home.  The main floor features a beautiful brick fireplace,  surround sound throughout the entire home (including lower level!), and a welcoming foyer sitting area that leads to a private deck surrounded by trumpet vines – adding additional privacy.   Elaborate jungle gym climber in park like backyard to enjoy.   Stunning lower level recently finished to perfection including full insulation sound proofing, large bar, gorgeous gas fireplace, kids playroom, exercise room, wine cellar, bedroom, spa like bathroom with 6 jet massage shower, and still room left over for storage!   This home is truly one of a kind, must be s...

95 Base Line Road W
2009-11-14 22:57:00
Finally a Place to Call Home!!! Call 519-852-8600 now to schedule a viewing, this condo MUST be seen to be appreciated! Available either January 1st 2010 or February 1st 2010. Fabulous TWO bedroom TWO bathroom condo for only $825 plus utilities available January 1st or February 1st 2010…  You will LOVE it! This perfectly maintained & impeccably clean building features controlled entry, fitness gym and sauna.  Located in a great London location near all amenities, this 7th floor condo unit offers FIVE appliances, fantastic views, and in-suite laundry…. all included in this bright and cheery condo! Call 519-852-8600 today and schedule a viewing today!
More About: Road

Can Negative Cashflow actually be Positive Cashflow?
2009-11-10 21:30:00
Have you ever come across the perfect investment property in London only run the numbers and discover you’d be cash flow negative each month, forcing you to pass on it? That’s a common frustration shared with those who invest in real estate. You work the numbers by tallying up all your mortgage expense each month, your property tax, your insurance, your property management fees, maintenance, and insurance each month (amongst all other possible variables).  Then you go on to estimate the monthly income (rent) in which the property would generate… only to find out that your calculated numbers don’t mesh or match.   You’re out a few hundred bucks each month. Adding insult to injury, most of the time the numbers don’t jive because the property has a higher than average asking price…  A higher than average asking price as a result of the property being located in a highly desirable (and higher than average appreciating) part of to...

Brodylan White Property Management Adds New Property to Portfolio!
2009-11-07 12:37:00
An excellent and well maintained home was added to the Brodylan White Property Management portfolio this month.  Located at 229 Cathcart Street in Old South London Ontario, this property compliments an already robust lineup of solid performing investment properties operating in the best area of London Ontario – Old South. This 229 Cathcart addition to our London Ontario property managment inventory was an easy decision.  Impressive layout, structurally sound, visually appealing, unbeatable location, and the ability to add value via renovations were all positive factors that factored into the the decision making process.  The 229 Cathcart property boasts 2 spacious units stacked on top of each other with the lower level consisting of 2 huge bedrooms, new bathroom and soon-to-be new kitchen all accessible with a separate private entrance.  The upper level is a beautiful three bedroom one bath apartment that must be seen to be appreciated.  Both units share a lengthy drivewa...
More About: Portfolio

229 Cathcart Street
2009-11-03 20:47:00
FINALLY A PLACE TO CALL HOME!!!!! Available Februry 1st for only $1135 + utilities a month! Call us today at 519-852-8600 to schedule a viewing. Totally updated THREE bedroom Old South beautiful main floor of home. Located in the Wortley Village area…. London’s BEST location! Updated bathroom, new kitchen, plenty of space! Additional outdoor garage for your use with a fully fenced in backyard. Simply GORGEOUS! You’ll love it!  Call us or email us today at 519-852-8600.
More About: Street

Investing in London Ontario Real Estate
2009-10-16 02:23:00
For those interested in investing in London Ontario real estate (and may be considering a London Ontario property manager such as BrodylanWhite Property Management) you may take comfort in Scotiabank’ recent forecast.  Scotiabank’s most recent Global Economic Research release, Scotiabank confidently sees a global housing recovery.  Specifically, Adrienne Warren of Scotiabank proclaims that the global real estate markets are showing tentative but growing signs of stabilization.  Despite the fact that real home prices are still lower than last year, several countries saw their home prices rise.  And yes, Canada is one of those countries.  Warren sees Canada continue to build momentum, and for the global housing scene she writes “looking ahead we anticipate a gradual synchronized improvement in housing activity  in most economies, supported by highly stimulative policy initiatives – fiscal stimulus and historically low borrowing costs – that are like...
More About: Estate , Real Estate , Investing

Thoughts on the London Ontario Housing Market
2009-10-05 22:14:00
According to the London Free Press News Release, September 2009 further demonstrated a strengthening in the local London Ontario housing market.  Despite the many reported layoffs in London and area, September 2009 proved to be the third best month ever for sales.  Inching higher is the home prices, up 0.5% with the average price now hitting $213,376 for a home in London Ontario and area.  Hank Daniszewski adds more in his London Free Press article below: The London area real estate market continued to show signs of recovery in September, chalking up the third best sales total for the month. The London and St. Thomas Association of Realtors (LSTAR) said 572 detached homes and 136 condos sold last month. Total sales were down 7.8% from the 769 units sold in September last year. But LSTAR president Joe Hough said last September’s sales set an unexpected record for the month and came just before the market went into a prolonged downturn. “That was our last hurrah. It was...
More About: Market , Thoughts , Housing

244 Wortley Rd
2009-10-04 19:03:00
FINALLY A PLACE TO CALL HOME!!!!! Totally updated and redecorated FOUR bedroom TWO bathroom Old South home with an additional LOFT! Located only ONE block to Wortley Village…. London’s BEST location! All rooms newly refinished, insulated, rewired with brand new flooring. Two updated bathrooms, new kitchen, natural wood trim, natural wood fireplace mantel with gas insert, completely finished loft (for office or master bedroom!). All windows replaced, large enclosed verandah, stamped concrete patio, oversize single garage with power. Additional outdoor shed and professionally landscaped gardens. Simply GORGEOUS! Call Jessica at 519-852-7399 today!

129 Mount Pleasant
2009-10-04 19:00:00
Main Floor Available December 1st, 2009 Newly Renovated 4 Bedroom Spacious House for Rent - Completely renovated 4 bedroom house located at 129 Mount Pleasant. Features stainless steel fridge stove & also dishwasher. Brand new completely renovated ktichen and bathroom. Incredibly clean with a massive park-like backyard. Laundry in basement & plenty of parking Under 1km from downtown and under 2km from university … a great neighbourhood and location… You’ll love it! Here’s what has been done on the property: Brand new kitchen, bathroom, & flooring, stainless steel appliances, Freshly painted in top quality Benjamin Moore paint, new windows, new front doors and rear sliding door added soon. Brand new energy efficient furnace and air conditioning. Sparkling new light fixtures throughout. You’ll love it! Email if interested or call Jessica at 519-852-7399 today!.

190 Ridout Street
2009-10-04 18:59:00
Finally a Place to Call Home! Entire 3 Bedroom HOUSE with partially finished basement. Washer & Dryer, Stove, Fridge, Forced Air, Central Air conditioning etc… In the HEART of Old South. Short walk to Wortley Village, downtown,JLC (John Labatt Center) & Market. Lots of storage & parking. Call (519) 852-8600 Located in OLD SOUTH…. London’s best location.
More About: Street

Ozzie Jurock: Why I Will Always Buy Real Estate
2008-05-27 16:35:00
An insightful article by Ozzie was released on his website http://www.jurock.com/. Here is the article link in full.I think that London's historical performance has stability as a major selling point compared to other areas in Canada and I'll briefly touch on that before we get to the article.Most novice investors would look at London Ontario as a sleepy investing town because the real estate investing returns are far from sensational compared to other areas of Canada. However, more experienced players understand the role of leverage and when applied to a stable market returning approx 5-7% per year, magical returns happen. Furthermore, with regards to the notion of risk, do you really want to apply tons of borrowed leverage to a wildly fluctuating real estate environment like Toronto, Calgary or Vancouver? Didn't think so.In my opinion, the number one mistake that Londoners make is when they're guilty of only purchasing one home.Remember, leverage can significantly enhance your...
More About: Estate , Real Estate , Real

Friday May 23rd Numbers
2008-05-26 02:21:00
Friday (May 23rd) brought 52 new listings versus 31 sales-for a sell/list ratio of 59.62%.The 14 day rolling sell/list ratio now stands at 56.18%.Average list price of the sales was $213,358 & average sales price was $211,735.This means that average sales price today sold below the list by $1623 or 0.8%.Of the 31 sales that occurred, 10 sold at or above over the asking price.That's 32% of the listings sold either at or over the asking price.
More About: Friday , Numbers

Thursday May 22nd Numbers
2008-05-23 03:01:00
Thursday (May 22nd) brought 68 new listings versus 53 sales-for a sell/list ratio of 77.94%.The 14 day rolling sell/list ratio now stands at 57.91%.Average list price of the sales was $208,445 & average sales price was $205,178.This means that average sales price today sold below the list by $3267 or 1.6%.Of the 53 sales that occurred, 11 sold at or above over the asking price.That's 21% of the listings sold either at or over the asking price.
More About: Numbers , Thursday

Wednesday May 21st Numbers
2008-05-23 02:53:00
Wednesday (May 21st) brought 56 new listings versus 8 sales-for a sell/list ratio of 14.29%.The 14 day rolling sell/list ratio now stands at 58.25%.Average list price of the sales was $207,900 & average sales price was $205,188.This means that average sales price today sold below the list by $2713 or 1.3%.Of the 8 sales that occurred, 2 sold at or above over the asking price.That's 25% of the listings sold either at or over the asking price.
More About: Numbers , Wednesday

Monday May 19th & The Long Weekend Numbers
2008-05-23 01:01:00
Tuesday (May 20th) & the long weekend brought 70 new listings versus 37 sales-for a sell/list ratio of 52.86%.The 14 day rolling sell/list ratio now stands at 61.33%.Average list price of the sales was $221,911 & average sales price was $219,468.This means that average sales price today sold below the list by $2443 or 1.1%.Of the 37 sales that occurred, 8 sold at or above over the asking price.That's 22% of the listings sold either at or over the asking price.
More About: Weekend , Numbers , Long , Monday

MOI (Months of Inventory) April 2008
2008-05-18 17:14:00
Time for our monthly inventory (MOI) report.The Months of Inventory -MOI- is basically a ratio of the Inventory of homes for sale by the number of homes that have sold over a period of time.The higher the months of inventory, the slower the market and visa versa. Keep in mind the following before reviewing the charts below:Generally, 4-6 months of inventory signals a balanced market, less than that would undoubtedly be a very strong Seller’s market, & more than that would be a Buyer’s market. In the most basic sense, a strong market will have an MOI of under 5 (As an extreme measure, from what I've been hearing, some of the crashing markets in the US like Phoenix Arizona have MOI of over 15, some over 20 months).Residential (single family) Activity by Area for April 2008 :Residential (single family) Activity by Area for the previous year, April 2007:As of today the current active listings on mls is 4831. And we have the number of closed sales at 683:This means that if no ot...

WHAT?!!??! Is it a Strong May 2008 Thus far?
2008-05-18 01:34:00
Time for another follow-up as promised to this important month. May is a crucial month to determine how the real estate year will go.And as we discussed on this post, May 2008 sales are looking pretty good for London, contrary to all those negative media stories out there. Why the focus on sales? Because sales measures buyer's demand and if you read the media stories there is a feeling that demand is "cooling". So we're here to cut out the sensationalism and deliver the cold hard statistical facts.We are half way through the month and my target area in London has seen 453 sales thus far in May! Times that by two and you get 906 sales... higher than last year's record breaking year in my target area in London. *That's the simple math, as we mentioned before when we delve a bit deeper there's some other math that needs to be considered. Keep in mind May 2008 has 21 business days in the month compared to last year's May 2007 where there were 22 business days in the month... so th...
More About: Strong

April 2008 Official Stats
2008-05-18 01:01:00
April 2008 "official" stats are out & we've updated our charts for the month.Average Sales Price YTD (year-to-date) for April 2007 was $214,904 & April 2008 it is now $228,264 - this part includes London and area. That's the only information in this post that is. I'll explain in more detail, but this pretty much corresponds to the information in my target area of just London for this month.... Click here for that report.Confused about what I'm talking about regarding target area & official stats & stuff? Allow me to clarify:The following information is a breakdown of residential (SFH) activity only & also I've omitted the St. Thomas & area. This information is according to London & St. Thomas Board of Realtor's Stats . This is the info you read about in the public & local media. I however, only track London & I omit St. Thomas and area. My stats are found here. The stats I track myself are from my own sources, so I like to compare them to the...
More About: April , Official

Monthly Comparison: LONDON in April 2008
2008-05-18 00:37:00
Well, the spring housing fever is in full swing and we have the April results are now ready for review.We've compiled the complete monthly stats for April 2008 for my target area, but before we get to them here is the usual clarification:These numbers represent LONDON ONLY and my target area is London residential and multi-family housing. Thus, when the MLS stats come out in a week or so -and will be presented here as well such as they were in past months- the numbers will be much different. That is because those numbers will represent London & area and only residential(whereas I include multi-family property).First up as always, monthly prices.... & Prices strengthened slightly both on the listing side & on the sales price side as compared to the previous month. March's average list price was $212,621 & sale price average was $207,838. April came in at average list price of $217,762 & average sale $213,344:Sales for April picked up but still were lighter again...
More About: Comparison

Friday May 16th Numbers
2008-05-17 23:34:00
Friday (May 16th) brought 52 new listings versus 38 sales-for a sell/list ratio of 73.08%.The 14 day rolling sell/list ratio now stands at 60.34%.Average list price of the sales was $235,006 & average sales price was $230,771.This means that average sales price today sold below the list by $4235 or 1.8%.Of the 38 sales that occurred, 5 sold at or above over the asking price.That's 13% of the listings sold either at or over the asking price.
More About: Friday , Numbers

Thursday May 15th Numbers
2008-05-17 23:26:00
Thursday (May 15th) brought 62 new listings versus 44 sales-for a sell/list ratio of 70.97%.The 14 day rolling sell/list ratio now stands at 57.21%.Average list price of the sales was $210,796 & average sales price was $206,295.This means that average sales price today sold below the list by $4501 or 2.1%.Of the 44 sales that occurred, 9 sold at or above over the asking price.That's 20% of the listings sold either at or over the asking price.
More About: Numbers , Thursday

Scotiabank 2008 Real Estate Forecast - Same as it was in 2007?
2008-05-15 17:59:00
ScotiaBank and their Senior Economist Adrienne Warren forecast that "cracks appear in the real estate market" with more negative quotes peppered in there such as "there is now convincing evidence that Canada's housing market has come off the boil".Strangely though, we heard the same thing last year for 2007 and it is documented here.Bottomline, Warren is forecasting the exact same thing in 2008 as she did in 2007: "Mid single digit price increases".You can read their predictions in full here.Here is the article in full, compliments of the Globe and Mail:Cracks appear in the real estate marketVIRGINIA GALTThursday, May 15, 2008The Canadian housing boom is ending, but there is no ?major correction? in the cards ? and buyers are unlikely to see anything near the bargain-basement prices that currently characterize the United States housing market, the Bank of Nova Scotia said Thursday.?After many false calls, there is now convincing evidence that Canada's housing market has come off t...
More About: Estate , Real Estate , Real , Forecast

Wednesday May 14th Numbers
2008-05-15 01:31:00
Wednesday (May 14th) brought 55 new listings versus 65 sales-for a sell/list ratio of 118.18%.The 14 day rolling sell/list ratio now stands at 56.54%.Average list price of the sales was $216,588 & average sales price was $211,288.This means that average sales price today sold below the list by $5300 or 2.4%.Of the 65 sales that occurred, 12 sold at or above over the asking price.That's 18% of the listings sold either at or over the asking price.
More About: Numbers , Wednesday

Tuesday May 13th Numbers
2008-05-15 01:25:00
Tuesday (May 13th) brought 58 new listings versus 50 sales-for a sell/list ratio of 86.21%.The 14 day rolling sell/list ratio now stands at 53.13%.Average list price of the sales was $193,569 & average sales price was $188,778.This means that average sales price today sold below the list by $4791 or 2.5%.Of the 50 sales that occurred, 8 sold at or above over the asking price.That's 16% of the listings sold either at or over the asking price.
More About: Numbers , Tuesday

Monday May 12th & The Weekend Numbers
2008-05-13 01:25:00
Monday (May 12th) & the weekend brought 73 new listings versus 28 sales-for a sell/list ratio of 38.36%.The 14 day rolling sell/list ratio now stands at 50.74%.Average list price of the sales was $253,938 & average sales price was $251,507.This means that average sales price today sold below the list by $2431 or 1.0%.Of the 28 sales that occurred, 8 sold at or above over the asking price.That's 29% of the listings sold either at or over the asking price.
More About: Weekend , Numbers , Monday