{"id":5788,"date":"2021-10-03T04:47:00","date_gmt":"2021-10-03T12:47:00","guid":{"rendered":"https:\/\/justo.ca\/blog\/?p=5788"},"modified":"2021-11-26T05:13:15","modified_gmt":"2021-11-26T13:13:15","slug":"why-is-everyone-talking-about-london","status":"publish","type":"post","link":"https:\/\/blog.justo.ca\/blog\/why-is-everyone-talking-about-london\/","title":{"rendered":"Why Is Everyone Talking About London?"},"content":{"rendered":"\n

What’s all the fuss about London?<\/p>\n\n\n\n

When people think of London<\/a>, they think Big Ben, London Bridge, and the Queen\u2019s majesty. But when you speak to Ontarians, they think of the small (but growing) city about an hour and a half west of Toronto.<\/p>\n\n\n\n

Twenty years ago, it was rare for people to move to London. Once regarded as a place where most people weren\u2019t willing to relocate, London has reinvented itself, and people \u2014 even young people \u2014 are staying in London after their university studies or relocating for work.<\/p>\n\n\n\n

What Does London Have to Offer?<\/h2>\n\n\n\n

High school grads flock to the city each fall and fill up the numerous post-secondary institutions, such as Western University<\/a> and Fanshawe College<\/a>, a city known for its vibrant college scene. Due to the high demand for student housing, investors take a keen interest in London because of high rental demand. Plenty of investors had watched the money flow in by renting to students, especially when homes were selling for as little as $200,000 as recently as three years ago. <\/p>\n\n\n\n

London is also equipped with a robust health care system that services over 400,000 people across three hospitals in all city corners. A hub for healthcare in Ontario\u2019s \u2018deep south,\u2019 Residents of Chatham-Kent, Windsor-Essex, Norfolk, and other surrounding communities still head to London\u2019s hospitals and health care centers for their advanced and specialty care.<\/p>\n\n\n\n

Believe it or not, London has a thriving night scene, and it\u2019s not just for college kids anymore. Richmond Street (or as locals like to call it, \u2018Richmond Row\u2019) is filled with bars and fine restaurants from all different cultures worldwide.<\/p>\n\n\n\n

The city is also known for its endless walking and biking paths that run across the city and along the Thames River. The TVP or the Thames Valley Parkway is 40  kilometers in length, offers scenic river crossings, and is linked to over 150 kilometers of additional pathways connecting all corners of London.<\/p>\n\n\n\n

\"Western<\/figure>\n\n\n\n

Should I Buy a Home in London?<\/h2>\n\n\n\n

As prices continue to rise and the pandemic continues, a typical single-family home cost has reached an all time high in areas all over Ontario. TRREB announced that the average Greater Toronto Area home will exceed $1 million and rise as interest rates remain low and the ever-increasing demand for homes continues. If the GTA has become too expensive for your family or you\u2019d like a slower-paced life for less money, London may be a good move for you. <\/p>\n\n\n\n

Right now, 2-bedroom condo prices are steady at around $300,000 and 2-bedroom single family units are available for less than $500,000. But it\u2019s likely that the continuing climb in GTA prices will eventually cause London\u2019s market prices to rise substantially.<\/p>\n\n\n\n

The work-from-home trend has enticed both employees and employers. If this continues, the need to be in the GTA is becoming less important everyday. This will push homebuyers to look outside  where they can get more for their money.<\/p>\n\n\n\n

Real estate prices have increased significantly since 2016. If you bought a house in London in 2016, your property value has since doubled. Many real estate agents propose moving to London to their clients, and the statistics have shown that. Let’s take these statistics even further. A typical home buyer\u2019s most popular house is a single-family detached home with at least three bedrooms.<\/p>\n\n\n\n

But prices are rising, and quickly! Back in early 2020, you could expect to spend around $445,000 for a 3-bedroom home. Today, it will cost you around $700,000. <\/p>\n\n\n\n

The average selling price for a home in September 2021 was $690,861. <\/p>\n\n\n\n

How Difficult Is It to Find a Home in London?<\/h4>\n\n\n\n

It seems like there\u2019s a housing shortage everywhere in the country. London is no different. In the last few weeks, there have only been around 700 for-sale listings on the market in the entire city. It might seem like a lot of listings. <\/p>\n\n\n\n

But it isn\u2019t.<\/p>\n\n\n\n

In fact, if nothing else was listed, every home would be sold in a week! So clearly, it may be difficult to find a home. But for those who are ready to put in the effort, it could pay off in spades with a home well under the average in bigger cities.<\/p>\n\n\n\n

London is Growing, and Investment Opportunities Abound<\/h2>\n\n\n\n

Like many Ontario cities, the outskirts of the city are often expanses of fields and open land. London is no exception, so when the city expands, it grows horizontally rather than vertically. You won’t see many high-rise condos in London. Instead, new communities are being built on the city\u2019s edges, creating entirely new living environments for buyers. <\/p>\n\n\n\n

Pre-construction<\/a> has been a popular option for home buyers. North London (Sunningdale), West London (Hyde Park, Kilworth and Komoka), and South London (Summerside) have developers buying up as much land as possible to keep up with the demand for newer homes in the city.<\/p>\n\n\n\n

These new and expanding opportunities still offer some great incentives<\/a> for families or new buyers to finally own their own homes! <\/p>\n\n\n\n

If you\u2019re looking for a change or you\u2019ve been priced out of the GTA real estate market, let\u2019s talk about whether London might be the right move for you. If you want to see some available homes or new communities in London, reach out to us, and one of our friendly Justo agents will be happy to send you some information – no obligation, and no pressure. Justo is committed to providing you with superior service, putting customer satisfaction at the heart of everything we do. Contact Us Today!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

What’s all the fuss about London? When people think of London, they think Big Ben, London Bridge, and the Queen\u2019s majesty. But when you speak to Ontarians, they think of the small (but growing) city about an hour and a half west of Toronto. Twenty years ago, it was rare for people to move to […]<\/p>\n","protected":false},"author":14,"featured_media":5790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\nWhy Is Everyone Talking About London? - Justo Real Estate Brokerage<\/title>\n<meta name=\"description\" content=\"London Ontario. What does it have to offer? Why is everyone talking about London, and what are they saying? Find out the good and the bad of living in this growing city...\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Is Everyone Talking About London? - Justo Real Estate Brokerage\" \/>\n<meta property=\"og:description\" content=\"London Ontario. What does it have to offer? Why is everyone talking about London, and what are they saying? Find out the good and the bad of living in this growing city...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/\" \/>\n<meta property=\"og:site_name\" content=\"Justo Real Estate Brokerage\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-03T12:47:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-26T13:13:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.justo.ca\/blog-admin\/wp-content\/uploads\/2021\/11\/Everyone-Talking-About-London.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Justo Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Justo Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/\"},\"author\":{\"name\":\"Justo Team\",\"@id\":\"https:\/\/blog.justo.ca\/blog\/#\/schema\/person\/83aa25fc0aabbb21ba75511552b8e9d8\"},\"headline\":\"Why Is Everyone Talking About London?\",\"datePublished\":\"2021-10-03T12:47:00+00:00\",\"dateModified\":\"2021-11-26T13:13:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/\"},\"wordCount\":932,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/blog.justo.ca\/blog\/#organization\"},\"articleSection\":[\"Knowledge\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/\",\"url\":\"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/\",\"name\":\"Why Is Everyone Talking About London? - Justo Real Estate Brokerage\",\"isPartOf\":{\"@id\":\"https:\/\/blog.justo.ca\/blog\/#website\"},\"datePublished\":\"2021-10-03T12:47:00+00:00\",\"dateModified\":\"2021-11-26T13:13:15+00:00\",\"description\":\"London Ontario. What does it have to offer? Why is everyone talking about London, and what are they saying? Find out the good and the bad of living in this growing city...\",\"breadcrumb\":{\"@id\":\"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/blog.justo.ca\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why Is Everyone Talking About London?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blog.justo.ca\/blog\/#website\",\"url\":\"https:\/\/blog.justo.ca\/blog\/\",\"name\":\"Justo Real Estate Brokerage\",\"description\":\"Toronto mls listings & real estate\",\"publisher\":{\"@id\":\"https:\/\/blog.justo.ca\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blog.justo.ca\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/blog.justo.ca\/blog\/#organization\",\"name\":\"Justo\",\"url\":\"https:\/\/blog.justo.ca\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/blog.justo.ca\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/blog.justo.ca\/blog\/wp-content\/uploads\/2019\/10\/logo-justo.png\",\"contentUrl\":\"https:\/\/blog.justo.ca\/blog\/wp-content\/uploads\/2019\/10\/logo-justo.png\",\"width\":148,\"height\":74,\"caption\":\"Justo\"},\"image\":{\"@id\":\"https:\/\/blog.justo.ca\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/blog.justo.ca\/blog\/#\/schema\/person\/83aa25fc0aabbb21ba75511552b8e9d8\",\"name\":\"Justo Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/blog.justo.ca\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fee9f0fb8be8ad2eece5ca8113662ba9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fee9f0fb8be8ad2eece5ca8113662ba9?s=96&d=mm&r=g\",\"caption\":\"Justo Team\"},\"url\":\"https:\/\/blog.justo.ca\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why Is Everyone Talking About London? - Justo Real Estate Brokerage","description":"London Ontario. What does it have to offer? Why is everyone talking about London, and what are they saying? Find out the good and the bad of living in this growing city...","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Why Is Everyone Talking About London? - Justo Real Estate Brokerage","og_description":"London Ontario. What does it have to offer? Why is everyone talking about London, and what are they saying? Find out the good and the bad of living in this growing city...","og_url":"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/","og_site_name":"Justo Real Estate Brokerage","article_published_time":"2021-10-03T12:47:00+00:00","article_modified_time":"2021-11-26T13:13:15+00:00","og_image":[{"width":1000,"height":450,"url":"https:\/\/blog.justo.ca\/blog-admin\/wp-content\/uploads\/2021\/11\/Everyone-Talking-About-London.jpg","type":"image\/jpeg"}],"author":"Justo Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Justo Team","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/#article","isPartOf":{"@id":"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/"},"author":{"name":"Justo Team","@id":"https:\/\/blog.justo.ca\/blog\/#\/schema\/person\/83aa25fc0aabbb21ba75511552b8e9d8"},"headline":"Why Is Everyone Talking About London?","datePublished":"2021-10-03T12:47:00+00:00","dateModified":"2021-11-26T13:13:15+00:00","mainEntityOfPage":{"@id":"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/"},"wordCount":932,"commentCount":0,"publisher":{"@id":"https:\/\/blog.justo.ca\/blog\/#organization"},"articleSection":["Knowledge"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/","url":"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/","name":"Why Is Everyone Talking About London? - Justo Real Estate Brokerage","isPartOf":{"@id":"https:\/\/blog.justo.ca\/blog\/#website"},"datePublished":"2021-10-03T12:47:00+00:00","dateModified":"2021-11-26T13:13:15+00:00","description":"London Ontario. What does it have to offer? Why is everyone talking about London, and what are they saying? Find out the good and the bad of living in this growing city...","breadcrumb":{"@id":"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/blog.justo.ca\/blog-admin\/why-is-everyone-talking-about-london\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blog.justo.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Why Is Everyone Talking About London?"}]},{"@type":"WebSite","@id":"https:\/\/blog.justo.ca\/blog\/#website","url":"https:\/\/blog.justo.ca\/blog\/","name":"Justo Real Estate Brokerage","description":"Toronto mls listings & real estate","publisher":{"@id":"https:\/\/blog.justo.ca\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blog.justo.ca\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/blog.justo.ca\/blog\/#organization","name":"Justo","url":"https:\/\/blog.justo.ca\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/blog.justo.ca\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/blog.justo.ca\/blog\/wp-content\/uploads\/2019\/10\/logo-justo.png","contentUrl":"https:\/\/blog.justo.ca\/blog\/wp-content\/uploads\/2019\/10\/logo-justo.png","width":148,"height":74,"caption":"Justo"},"image":{"@id":"https:\/\/blog.justo.ca\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/blog.justo.ca\/blog\/#\/schema\/person\/83aa25fc0aabbb21ba75511552b8e9d8","name":"Justo Team","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/blog.justo.ca\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/fee9f0fb8be8ad2eece5ca8113662ba9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fee9f0fb8be8ad2eece5ca8113662ba9?s=96&d=mm&r=g","caption":"Justo Team"},"url":"https:\/\/blog.justo.ca\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/blog.justo.ca\/blog\/wp-json\/wp\/v2\/posts\/5788"}],"collection":[{"href":"https:\/\/blog.justo.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.justo.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.justo.ca\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.justo.ca\/blog\/wp-json\/wp\/v2\/comments?post=5788"}],"version-history":[{"count":1,"href":"https:\/\/blog.justo.ca\/blog\/wp-json\/wp\/v2\/posts\/5788\/revisions"}],"predecessor-version":[{"id":5791,"href":"https:\/\/blog.justo.ca\/blog\/wp-json\/wp\/v2\/posts\/5788\/revisions\/5791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.justo.ca\/blog\/wp-json\/wp\/v2\/media\/5790"}],"wp:attachment":[{"href":"https:\/\/blog.justo.ca\/blog\/wp-json\/wp\/v2\/media?parent=5788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.justo.ca\/blog\/wp-json\/wp\/v2\/categories?post=5788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.justo.ca\/blog\/wp-json\/wp\/v2\/tags?post=5788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}