Top 10 Reasons To Get a Mortgage
And Own Property In London Ontario
10. Location, Location, Location…
London is situated strategically along highway 401 which accommodates $1.5 Billion in trade every single day and enjoys access to over 150 million consumers within a day’s drive. With lower land costs and a strategic economic location – this is an ideal location for manufacturing and warehousing and continues to benefit from excellent growth in these areas.
9. Canada’s ‘Kind Community’
According to City research – over 60% of Londoners volunteer every year and contribute almost $700 million of value to charities and other causes. This helps to provide an overall sense of contentment and community in the area.
Check out the volunteer scene! http://www.pillarnonprofit.ca/volunteer
8. Economic Diversity in London
The economy of London is growing with the help of medical research, information technology, manufacturing sectors, and biotechnology. The research in biotechnology is supported by the University of Western Ontario, contributing $1.5 billion to the economy annually. There are several major corporate headquarters in London from diverse and growing industries like Banking, Advanced Manufacturing, and High Technology. Large international companies are continuously seeking local investment due to abundant and low-cost development land.
London Economic Development: http://www.ledc.com/
7. Excellent Property Value
Purchasers can expect to pay about $100,000 less for properties than in Toronto commuter cities. For example, the average sale price in Guelph is $376,995 and in London is $256,443. There is a wide selection of neighborhood styles from nationally award winning old Victorian to modern, to downtown condo living. Connect with your London Mortgage Broker for more information on purchasing, refinancing or investing in a local property.
6. Emerging Public Transit
The City is home to a vast public transit system that is about to get a $380 million overhaul to help create more upscale and time efficient travel while reducing traffic congestion. This type of infrastructure is formally recognized as needed to help support future economic and population growth.
Check out the Transit Hype: http://www.lfpress.com/2015/05/22/city-hall-is-recommending-a-pair-of-corridors-to-serve-as-the-spines-of-londons-proposed-rapid-transit-system
5. Excellent Health Care
London is a centre for leading healthcare research and innovation, enjoying some of the top healthcare facilities in Canada. There is plenty of available space with top-tier Physicians and three major General hospitals including University Hospital and Kings College Hospital which contain several specialization treatment facilities.
4. Higher Education
The University of Western Ontario and Fanshawe College are two of the top schools in Canada in several fields from Medicine to Business and Education. The combined full-time student population for higher education is about 50,000. This provides significant stable public sector employment and a steady stream of knowledge capital, many graduates of whom will settle here and gain local employment.
3. Community City!
When Buying a property and getting a mortgage through a London mortgage broker, residents are offered an endless array of community activities, events and festivals. Rock the Park, Caribana, and the Western Fair are just a few of the popular ones. Check out the sophisticated Orchestra London, and several top museums for education and enjoyment.
2. Housing Market Growth
Home sales increase by 25% in October 2015 from the same period last year. And with lower housing prices than in many other Cities in Canada, London has a historically stable and growing housing market which makes it a great place to a mortgage and buy for the long term.
1. Lowest Mortgage Rates
With mortgage rates at historical all time lows, there has never been a better time to purchase, refinance or invest in London real estate. Contact Altrua, your London Ontario mortgage broker for more information and a fast pre-approval.