Wei Li Business

🍁 Happy Canada Day!

Wishing You a Wonderful Victoria Day Long Weekend!

As we celebrate the unofficial start of summer, I hope you get the chance to relax, recharge, and enjoy time with family and friends.

Whether you're heading out of town, staying local, or exploring new neighborhoods, have a safe and joyful holiday weekend!

— Wei Li
Your dedicated real estate professional
📍 RE/MAX Centre City Realty Inc.
📞 Direct: 519-859-5858
📧 Email: [email protected]
🌐 https://wei-li2.remaxcentrecity.ca

🏘Market Update – April 2025

According to the London and St. Thomas Association of REALTORS® (LSTAR), active listings are up 19.6%, while average home prices remain stable, offering a glimmer of hope for buyers navigating today’s economic uncertainties.

✨️Key Highlights:

653 homes sold (↓14.3% YoY)

Average price: $654,147 (↓0.5% YoY)

Active listings: 2,891 (↑19.6%)

New listings: 1,523 (↓10.1%)

🏡Opportunities for Buyers:

More inventory means more choice.

Softening prices in detached and one-storey homes.

Apartments up 4% month-over-month—reflecting demand for affordable options.

🏡Advice for Sellers:

Adjust expectations to align with market conditions.

Townhouses and apartments remain stable or rising, presenting strong resale potential.

This market remains resilient, and strategy matters more than ever. Whether you’re buying or selling, I’m here to guide you through every step.

Wei Li | Sales Representative
📍 RE/MAX Center City Realty Inc.
📞 Direct: 519-859-5858
📧 Email: [email protected]
🌐 https://wei-li2.remaxcentrecity.ca

Our Power. Our Planet.

Today on Earth Day, we’re reminded that the choices we make—big or small—carry power. As we care for our planet, we shape the future we live in.

Whether it’s sustainable living, conscious building, or thoughtful development, every action counts. In real estate, it’s about more than just property—it’s about community and legacy.

Let’s continue to build not just home but alsot a better world.

Bank of Canada Holds Rates Amid Uncertainty — What It Means for You?

🏡For Buyers

Stability is key. A pause in rate cuts gives the market a moment to breathe.

🏡For Sellers

Buyers are cautiously returning to the market as borrowing costs stabilize.

A rate hold helps support buyer confidence—important for sellers looking to attract serious offers.

If you’ve been waiting for the right moment to list, this kind of pause can bring more eyes (and offers) to your property.

🏡For Homeowners with Mortgages

If you have a variable-rate mortgage, your payments will likely stay the same for now.

If you’re renewing a mortgage soon, this hold may buy you time to secure a better deal—especially if the Bank of Canada cuts again later this year.

🏡Bottom Line

This isn’t a dramatic move, but it’s meaningful. It signals caution, not panic, and tells us the Bank is watching carefully.