The World As 100 People -No Need For Realtors

   The World As 100 People!

  The World As 100 People

If you could shrink the earth’s population to a village of exactly 100 people, with all the existing human ratios remaining the same, it would look like this.

  • 57 Asians
  • 21 Europeans
  • 14 from the Western Hemisphere
  • 8 Africans
  • 52 would be female, 48 would be ….?
  • 70 would be non-white, 30 white
  • 70 would be non –Christian, 30 would be Christian
  • 59% of the world’s wealth would be in the hands of only six people, and all six would be North American
  • 80 would live in substandard housing
  • 70 would be unable to read
  • 50 would suffer from malnutrition
  • Only one would have a university degree
  • No one would have a computer
  • One would be near death, and one is about to be born.

You can see that there are no real estate people, no lawyers, no accountants, no car salespeople, no need for voice mail, no waiting for cable or phone hook-ups, no surly or indifferent waiters, no taxman, no politicians, no lineups, no ________________ (your pick).

  Why not drop me a line with what the moral of the story should be!

Why Is The London Ontario Real Estate Market So Vibrant?

I am always asked when is the best time to list a house or a condo on MLS in London Ontario, and:

  • how is real estate doing?
  • what are  prices like?
  • does this chart show why?

Last 12 month inventory of homes for sale London Ontario

As you can see, there were 600 less  houses or condos for sale in  February 2017 than February 2016, meaning more buyers than sellers, meaning when demand is higher than supply, prices usually rise.

The most glaring part I would like to point out is, have you noticed the spread between units listed and units sold? For example, there were 1385 properties listed for sale, but only 837 sales, which means that 40% of the properties listed for sale did not sell!

I hear many excuses why homes do not sell or the rationalization of why some homes sell quicker than others and some, for more money.

Understanding the local market and facing the reality of it can be a double edged sword for many London home owners. Selling your home is not a lottery, or a gosh by golly whim, or just putting up a sign on your lawn or pricing your home because one of your co-workers and one of your friends told you your home is worth ‘x’, because they sold their home last year and know of a friend of a second cousin who has a friend who used to sell real estate part time. (whew!)

Yes, there are speculators and people from the GTA and their Realtors coming to London and buying houses and condos, (with very little knowledge of neighbourhoods in London Ontario, etc) and all too pleased to buy a home that is at minimum, half of what a GTA home sells for!

That someone is going to get hurt overpaying seems to be no concern for some.

I cannot predict the future and as I prefer to live in the moment,  my experience has proven to  me (and history has a habit of repeating itself) that real estate will sell based on price, condition and location and the amount of listings (competition) there are that compete with your home has an effect.

60% of the sellers got it right, 40% did not. Mr. and Mrs. Buyer decide on price in the end, not the seller.

Oh, and for buyers, why not go look at the 40% of houses that have not sold?  You will find what you want once the seller realizes their price is not realistic.




Real EstateTrends London Ontario

Before buying a house in London Ontario or putting your house up for sale in London Ontario, here are the real estate trends  from a recent survey of 400 builders, here are some of the ins and outs!

Real Estate Trends if Buying or Selling a House in London Ontario


  • walk-in closets
  • laundry rooms on main or second floor
  • low-e-windows
  • great rooms
  • Energy Star appliances
  • 9 foot ceilings
  • two-car garages
  • programmable thermostats 
  • granite counters


  • outdoor kitchens
  • laminate counters
  • outdoor fireplaces
  • sunrooms
  • two-storey foyers
  • media rooms
  • whirlpool tub in master ensuite
  • carpet on the main level

As a home buyer, use the above as a tool when negotiating price and for those wanting to sell their home or update their home, keep these in mind!

I show a lot of homes in London Ontario , both new builds and re-sales, the above do make a difference and even if you have a 20 year old home or more, there are things you can before putting your house on MLS for sale that can get you a great return on your upgrades.

New Mortgage Rules Affect All Londoners

New Mortgage Rules

New Mortgage Rules That Will Affect All Home Buyers and Sellers in Canada

Effective October 17, 2016, Ottawa has taken measures that affects everyone when selling their home and for anyone taking out an insured mortgage to buy a home.

I have included 2 PDF’s that you can download and read at your own peril! What I mean is, they are easy to read and comprehend, however, these changes may slow down real estate sales ( not good for home sellers) , affect house prices, another form to fill out when filing your income tax and prevent some buyers from being able to afford buying a home.

I know why Ottawa did this, it was to slow things down in Toronto and Vancouver, but do the decision makers in Ottawa know that 70% of Canadians do not live in these two cities?

One thing that no one will answer for me yet is:

 “How will these changes affect those who mortgages are coming up for renewal?”

 If you are unsure how any of these changes will affect you, feel free to drop me an email or call me at 519-435-1600.

New Mortgage Rules
Why, When & For whom?
New Mortgage Rules
In Plain EnglishNew Mortgage Rulesbuying a condo

Resisting Change in Real Estate in London Ontario


Did you know that we are programmed to resist change, even when it’s in our best interest?

Chip Heath, a Stanford business professor, an author of 2 great books Made to Stick: Why Some Ideas Survive And Others Die” and “Switch: How to Change Things When Change is Hard”, covers change and why we resist change.

He states that our analytical, rational side may say” I want a better beach body”, but our emotional side says “I want the Oreo cookie”.

So at work, we may want to change how we treat our customers and clients, but our emotional side is in love with the comfort of routine. Heath writes that we need to align those two conflicting sides of ourselves.


You have to convince your emotional side of yourself  to go along with the change and not just motivate the rational, analytical side.

Real estate and practitioners of real estate face change daily and some let the change beat them up. How many have you heard “I’ve done it this way for 10 years and that’s the way it is.”?

“Why did they make those changes at ___________? I liked “the old way” or my favorite “I hate this new system, new phone, new app, new boss, new headache”.

Well, for me, I welcome change because if I stop learning and growing, I die. I don’t want that to happen yet  so bring it on, give me all the change you got, and by the way, how to sell your house in London Ontario is changing too.

Note: I wrote the above 13 months ago and change has reared its head because of the following:

 The hosting company, Point 2 and Yardee Canada have decided that by December 31, 2016, all blogs posted on their servers will no longer be available.

After December 31st, 2016, the old blog versions will no longer be available in Point2 Agent. Please make sure to switch to the new built-in WordPress platform by the end of this year. 

The public content of your old blog will be online until December 31st, 2016. If you would like to move the existing content to the WordPress platform, you will need to create new posts and copy/paste the old content.

After 1593 posts at the Envelope Real Estate Blog , they are all gone! Even my 966 blogs in my condos in London blog as well.

 Change is good and WordPress may be one of the better platforms for bloggers so I welcome the change and  bemoan the loss of my past efforts .

 Bear with me in this new blog platform, I am not a copy and paste person, so will not copy and paste 2000 plus blog posts to the new platform.

 It has been said content is king, so as a pauper I will try to ascend to the top again!