Many people are choosing to live outside Toronto, which is bringing home costs up in the surrounding towns as well. The Star said, "When Toronto-area realtors cheered a 2 per cent year-over-year price gain in June, the London-St. Thomas Association of Realtors reported 10.5 per cent year-over-year growth in London — a 33 per cent increase over June 2016." With home prices rising in cities like London, those who used to live there are moving even a little further out. If you're ready to escape the madness of the big city, give a waterfront property in Kawartha Lakes a try! We are less than two hours away, but it feels like another world out here!
Three years ago, you could buy a house in London, Ont., for $234,000. Today, it will cost you $364,000. “I call it the Toronto migration ” said real estate broker John DeBlock. "It's not only from Toronto, though. Toronto people have gone to Kitchener. Kitchener people have come to London."
Many people are choosing to live outside Toronto, which is bringing home costs up in the surrounding towns as well. The Star said, "When Toronto-area realtors cheered a 2 per cent year-over-year price gain in June, the London-St. Thomas Association of Realtors reported 10.5 per cent year-over-year growth in London — a 33 per cent increase over June 2016." With home prices rising in cities like London, those who used to live there are moving even a little further out. If you're ready to escape the madness of the big city, give a waterfront property in Kawartha Lakes a try! We are less than two hours away, but it feels like another world out here!