It changes with every listing, so start with every London home listed at $1 million or more today, mapped and grouped by neighbourhood. Look too at Byron, Old North and Riverbend for the neighbourhood context behind the numbers.
Sometimes. Many of the significant residences we have represented were sold privately, "conducted on an Exclusive basis with professionalism, confidence and confidentiality, many without signs, open houses or MLS®." If you are searching at the top end, tell us what you want in a private brief and we will tell you honestly what is possible.
At $1.5 million or more, 20% down is required and mortgage insurance is not available. Budget for Ontario land transfer tax (2.0% on the portion from $400,000 to $2 million, 2.5% above $2 million). Custom homes deserve specialist inspections of pools, geothermal or radiant systems and any outbuildings.
$20,475 in Ontario land transfer tax. London has no municipal land transfer tax.
Yes, when the owner wants discretion. Many significant residences we have represented were sold on an exclusive basis, many without signs, open houses or MLS®. Ask us about it.
It is the line we draw, and it is based on asking prices of active listings, never sale prices. You can see how many homes sit above it today.
$95,000: 5% of the first $500,000 plus 10% of the remaining $700,000. At $1.5 million or more the minimum becomes 20% of the whole price, because mortgage insurance is not available at that level.
Tell George or Rob what you are looking for. It stays between us.
