Who Decides The London Ontario Real Estate Market?

Who decides the market? Why? When? Understanding the London, Ontario real estate market is quite simple!

You can study all the statistics you want, gaze into crystal balls, or get advice from a meteorologist(weatherperson), a Realtor, or a Mortgage Broker, your relatives or co-workers.

In Hyman Minsky’s ‘Financial Instability Hypothesis,’ here goes:

• When an economy is stable, people get optimistic

• When people get optimistic, they go into debt

• When they go into debt, the economy becomes unstable.

Since Adam and Eve wanted more than an apple and bought their first home, history repeats itself—maybe not history, but people do.

Those who say they can time the market walk away. Is the Spring, Summer, Fall or Winter the best time to buy or sell a home? The best time is when you want, not have to!

There are outliers to this hypothesis of understanding the London, Ontario, real estate market.

• Being transferred between cities

• Marital challenges

• Death

• Need to Sell

• Don’t need a mortgage

• A need to impress someone

• Ignoring reality

• Wanting to downsize

Beware of Real Estate Experts

Full Disclosure:

• I am a Realtor

• I am classified as a Senior

• There are some things I know

• There are a lot of things I do not know

• I am right-handed

As you can see, I’m normal, aside from being a Realtor, because I keep my perspective on the London, Ontario real estate market in line with reality.

I have experienced all the markets in Southwestern Ontario, lived through them, and survived them—as did my clients! That is not to say that the market eye-opener the COVID debacle created will recur; not reacting and responding instead is more progressive than harmful!

A house or a condo is brick and mortar, a home is you, your comfort zone, your reward at the end of a day to come home to!