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London Housing Sales Plummet Amid Rate Cuts and Tariffs

10/4/2025

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Summary

Story summary

London and St. Thomas housing sales decline, contrary to fall trends, signaling a buyer's market.
In September, 534 homes were sold; three of ten listings sold.
London average price at $622,805, down $28k from August.
Bank of Canada cut rates to 2.5% in September; LSTAR chair Dale Marsh cites tariffs and job-market impacts on automotive/agriculture, urging buyers to prepare.

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Story summary

London and St. Thomas housing sales decline, contrary to fall trends, signaling a buyer's market.
In September, 534 homes were sold; three of ten listings sold.
London average price at $622,805, down $28k from August.
Bank of Canada cut rates to 2.5% in September; LSTAR chair Dale Marsh cites tariffs and job-market impacts on automotive/agriculture, urging buyers to prepare.