Is Now the Right Time to Stop Renting and Buy?
We looked at last week’s numbers. Here’s what they’re telling us — and what it means for buyers in London and St. Thomas.
Every week we track what’s actually happening across the London–St. Thomas corridor, and right now, the market is sending a clear message to renters: the window is open. Here’s what we saw last week, and what it means if you’re thinking about buying.
What $500K actually buys right now
This is the question we hear most often, so let’s answer it directly with real inventory numbers from this week.
- Real detached and semi-detached options exist right now at this price
- Homes selling below asking on average — room to negotiate
- 156 detached or semi-detached listed between $500K–$600K
- Condos averaging $303K for a lifestyle option at very low prices
- Avg. $588K — detached homes are very reachable here
- 20 newly listed and 20 homes sold this past week
- More space and land for your money vs. London
- Closer to London than most people expect
That St. Thomas stat is worth pausing on: 20 listed, 20 sold in a single week. Demand is real and buyers who are ready are acting. At an average of $588K, detached homes in St. Thomas are genuinely affordable compared to where prices were just a few years ago.
Why renters should pay attention right now
Every rent payment builds someone else’s equity. Every mortgage payment builds yours. The gap between what you’re paying to rent and what you’d pay to own has narrowed significantly — and with 199 detached and semi-detached homes available in London under $500K, the options are real, not theoretical.
Whether you’re looking at a semi-detached in London, a detached home in St. Thomas, or a condo for the lifestyle and low price point, the inventory is there right now to find something that fits. The conditions won’t stay this favourable forever.
Ready to talk about what’s possible at your budget?
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