Join us for the first episode of the Real Estate Radar podcast with LSTAR CEO Bill Madder and 2025 LSTAR Chair Dale Marsh, discussing the upcoming provincial election and the key issues LSTAR and the Ontario Real Estate Association are championing.
The real estate market in LSTAR's region showcased several positive trends despite a temporary dip in sales activity. Given the stable average prices and the rise in new and active listings, we are optimistic that sales activity will gain momentum in the coming months. The market fundamentals remain strong, and we anticipate a positive rebound in sales activity as we progress through the year.
LSTAR PAC members and staff were there when Mayor Josh Morgan shared Key Points in his 2025 State of the City Address related to housing.
PAC Chair Adam Miller presented several key points at the recent Provincial pre-budget meeting, where LSTAR was invited to share feedback.
Read this letter from LSTAR's 2025 Chair Dale Marsh about the updates and modernization of LSTAR's Committee Terms of Reference and Bylaws. The 2024 Working Group reviewed all Committee Terms of Reference to explore new opportunities while upholding our commitment to engagement, diversity, equity, and inclusion. Additionally, the Board of Directors has formed a Bylaw Review Working Group to modernize our Bylaws, ensuring they are clearer and more accessible.
The December 2024 market has shown robust activity in LSTAR's jurisdiction, with a significant number of homes exchanging hands and a healthy influx of new listings. Year end statistics point towards positive increases from the year before.
The cornerstone of this policy is that when a property is publicly marketed, REALTORS® must submit the listing to an MLS® System within the timeframe set by their board or association, up to a maximum of three (3) days, unless an exemption applies.
There’s a new way for PropTx System Users to analyze and report on the real estate market: The Habistat, powered by PropTx, is now available. This user-friendly tool helps you easily navigate housing market data, allowing you to produce value-added analysis and reports for your clients.
OREA encourages all Members to register for the Ontario REALTOR® Wellness Program (ORWP) and update beneficiary information to maximize available coverage. Learn more here.
In November, the average sale price in the real estate market in LSTAR's jurisdiction was $640,198, reflecting a 5.9% increase compared to the same month last year. This rise in prices highlights the ongoing demand and value in the market. Sales activity also saw a significant boost, with 614 transactions, marking a 35.5% increase year-over-year. New listings saw a significant rise of 10.8% year-to-date, providing more options for buyers.
We would like to acknowledge the Indigenous Peoples in whose traditional territory we work and live: the Anishinabek; the Haudenosaunee; and the Lunaapeew. The three distinct First Nations communities within the Middlesex-London area are: Chippewas of the Thames First Nation; Oneida Nation of the Thames; and Munsee-Delaware Nation. We acknowledge the many longstanding treaty relationships between Indigenous Nations and Canada – including the London Township Purchase of 1796 between the Anishinabek and the Crown. This territory is now home to many First Nations, Metis, and Inuit peoples.
Each of us must honour these relationships, and we all have a responsibility to reconcile.
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