News

In March 2025, LSTAR recorded a significant decline in sales activity, with only 508 transactions, marking a 33.5% decrease from the previous year. New listings decreased by 11.0%, while active listings increased by 21.1%, indicating a growing inventory. The average price of homes in the region decreased slightly by 0.6% to $643,159. The sale to list price ratio remained close to previous years indicating sellers are still achieving near their asking prices.

The real estate market in February 2025 has shown a mix of stability and challenges. Sales activity saw a decline of 23.1% compared to February 2024, with 476 properties sold. Despite this, the dollar volume of sales reached $308,267,028, reflecting a 20.4% decrease from the previous year. New listings were down by 4.5%, totaling 1,026, while active listings increased by 27.1% to 2,233. The sales to new listings ratio stood at 46.4, indicating a balanced market.

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 is pleased to announce that the December 2024 market has shown robust activity, 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.

On December 15th, two significant changes to mortgage rules in Canada took effect, aimed at making homeownership more accessible and affordable for Canadians.

Thursday, December 5, marked LSTAR's annual Kettle Day in support of the Salvation Army’s iconic Christmas Kettle Campaign. While we were eagerly anticipating a day filled with warmth and camaraderie, Mother Nature had other plans, delivering a winter storm that transformed the landscape—and the day itself.

On Wednesday, December 11, our real estate community came together for an inspiring Community Care Day. The event was a heartwarming opportunity to visit shelter-based charities and witness firsthand the incredible work they do to support our communities.

On November 30 and December 1, our LSTAR members demonstrated the incredible power of teamwork and generosity during the annual BusinessCares Food Drive x REALTORS Care® Day weekend. Together, we came together to make a meaningful impact on our community, and we are thrilled to announce that this was our best year yet!

We are delighted to announce that the Children's Christmas Party was a wonderful success! This heartwarming event raised an estimated $7,000 in support of an incredible organization – Investing in Children. We are so grateful to everyone who helped us make a difference in our community.