London is one of the most stable real estate markets in Canada.
ReMax has completed a national study of home prices increases across Canada during the past ten years. Surveying 18 major centres across Canada they found that the London St. Thomas area had the lowest average price increase from year to year. The national average was an average annual increase of 6.82% while London's average was 4.82%.
Not great news if you are real estate speculator and there will be some pundits claiming that real estate is not a good investment, but let's look at what 4.82% per year means.
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