The London Condo Professionals 
Ty Lacroix Broker of Record 181 Commissioners Road W London, ON N6J 1X9
Phone: 519-435-1600 Email Ty

Condos in London Ontario


  

 

Townhouse Condos For Sale on MLS London Ontario         Detached Condos For Sale on MLS in London Ontario          Apartment Condos For Sale on MLS in London Ontario 

  Every day we get asked about the London Ontario condo market.

  • “What is the London Ontario condo market doing?”

 

  • “When is the best time to buy or sell a condo?”

 

  • “How much should I offer?”

 

  • “What should I sell it for?”

 

 Questions & Answers About Condos in London Ontario

    The first step in answering any of those questions is understanding how the London real estate market is performing and not by guessing or burdened with emotional perceptions. Every day, we are active in the condo market, helping clients buy or sell a condo & constantly breaking down sale prices, days on the market, sale price to asking price ratios and price reductions. 

  Preparedness: Is one of our core principles 

   Are You Ready To Buy a Condo in London Ontario

   

 From helping hundred's of  Londoners about condos in London, before buying or selling one, you may want to get what I call “brutal truth factual numbers” about what prices are today and not an opinion where prices are heading or what someone received for their unit 6 months ago.

 Price, condition, style and location dictates what a townhouse, townhome or an apartment sells for and how long it will take to market. Our buyer clients do not overpay, and our sellers do not leave money on the table because of blind optimism or false perceptions!

  Factual (the truth) condo information and specialized knowledge about condo regulations, by-laws, apartment buildings and condo complexes are what our brokerage and staff do on a daily basis.

A Real Estate Website Just For Condos in London Ontario

 As the owner and Broker of Record, my associates and I have built this brokerage on the principle that for someone to be able to make good decisions, they should have correct up to date facts & solutions to meet their needs. Over the years, from experience & repeat and referral business, that principle still holds today.

 

Ty Lacroix Broker of Record                  testimonials about Ty Lacroix            

Ty Lacroix Broker of Record & Owner

 To See all condos for sale in Southwest Ontario, we have walk scores, live maps and much more information than any other Realtor site, AND. Without you having to ransom your children, your dog or cat or tell us what colour your socks are to get information!

     


What Is The Condo Market Like In London Ontario?


 One of the best ways to understand the condominium market in London Ontario is to look at how many days these were on the market before being sold and what was the sale price percentage versus the asking price. 

      condo sales in London Ontario

  Our real estate board LSTAR ( The London St.Thomas Association of REALTORS*) breaks London down into three geographical areas, North, South and East. ( I know, why not the West?) I plead silence with my opinion on why!

Sold Condominiums in London Ontario  2018 and so far in 2019
Area % of Asking Price Average Days on Market
North 102.2% 18
South 104.92% 14
East 103.49% 17

 

  What does all this mean? The inventory of townhomes and townhouses for sale is low, and with more buyers than sellers, we see bidding wars, hence, higher sale prices. Apartment condos remain strong as well, and where townhouses and townhomes used to dominate the market, apartments are catching up, not only in the volume of sales but in price as well.

  Is this a good time to sell a condominium? Yes!

 For buyers, be prepared to act as there are more buyers than sellers, but do your homework and do not let emotion override prudence and common sense. 

 The hottest segment right now is the one floor detached or attached bungalow townhouse with a two car garage, seconded by attached townhouses.

 What will 2019 bring? 

 2019 prediction condominium sales London Ontario

  Building permits for new construction are higher than ever for both high-rise buildings and townhouses and townhomes. Affordability is a powerful motivator for first-time buyers and downsizers over single-family homes.

  Until I can walk on water and be exact, all condominiums in London Ontario and area will experience a rise in prices because of demand.

 

 

 


How Much Can You Borrow?


 

This unique condo mortgage calculator is four calculators in one!

  By entering your numbers once, the calculator will help you determine loan amounts, mortgage qualification, affordability and whether you should be renting or buying, all with a click, instantly.

 It is private and secure, only you see it. You can if you wish, even send an e-mail or receive one containing the results, by clicking on Receive This Detailed Analysis!

 By the way, no one, not even I, only you will see the email analysis.

Contact me if you have questions, or if I can assist you in locating a favourable financing alternative for your new home!

I work with some of the best mortgage providers around, my network of lenders are pro's, they know the business, from the Royal Bank, Scotia Bank, TD Canada Trust, CIBC, Bank of Montreal, Manulife to independent mortgage brokers.

 Complete the fields below (e.g., Cost of HomeDown PaymentMonthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

 

 

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

Your Monthly Payments
 
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
 
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
 
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %

Sutton Group Envelope Real Estate Brokerage Inc.


Sutton Group Envelope Real Estate Brokerage Inc.

181 Commissioners Road W. London Ontario N6J 1X9

Phone 519-435-1600 

www.enveloperealestate.com

www.condosinlondon.com

Ty Lacroix Realtor

Contact UsMLSSutton Group Envelope Real Estate Brokerage Ind    CREALSTAR