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London, Ontario

London, 10th largest city in Canada, is located in Southwestern Ontario, half way between Detroit and Toronto. Metropolitan area population of 457,720 and the city proper 352,395 (2006 Canadian Census). London is the seat of Middlesex County, and is located at the forks of the Thames River. London and the surrounding area, which covers the territory between Windsor and Kitchener-Waterloo, is collectively known as Southwestern Ontario. Referred to as "the Forest City" London takes great pride in its many parks, green spaces, and tree lined streets. Home of the University of Western Ontario, London Life (now part of the Great West Life family), Labatt Breweries and head office to many great businesses: 3M Canada, Stihl, and world leading medical London Health Sciences Centre. London is becoming known for its research industries and parks. Excellent real estate market with a nice affordable choice of homes and properties.

Visible Minority London, Ontario (Census 2006)

       
Ethnic Origin Total Male Female
Total population
452,575
219,605
232,970
Total visible minority population
50,300
24,845
25,460
Chinese
6,550
3,030
3,515
South Asian
6,415
3,270
3,145
Black
8,260
4,210
4,045
Filipino
1,985
855
1,130
Latin American
7,925
3,880
4,045
Southeast Asian
4,045
1,900
2,145
Arab
7,800
4,055
3,750
West Asian
2,230
1,175
1,060
Korean
2,125
960
1,160
Japanese
565
250
315
Visible minority
795
405
390
Multiple visible minority
1,600
845
755
Not a visible minority
402,275
194,765
207,510

 

Important Information About Your Rates


Effective July 1, 2008 you will begin to notice an increase in your gas bill. The Ontario Energy Board approved changes to the rates Union Gas charges its customers. For most customers the total increase will amount to $254.99 based on an annual volume of 2,600 m 3.

The gas commodity rate has increased by 7.3112 cents/ m 3. This change reflects the increase in Union Gas forecast cost to purchase natural gas for the next 12 months.

In addition, the change in the gas price adjustment is an increase of 2.0276 cents/ m 3. This change reflects the difference between the projected cost of natural gas that Union Gas expects to pay and the amount that Union Gas expects to recover through the current gas commodity rate over the next 12 months.

The gas rate is adjusted this way so that you are billed at a rate that more closely reflects the market price of natural gas and avoids large out-of-period adjustments.

The transportation rate has increased by 0.4676 cents/ m 3 to 3.5148 cents/ m 3. Delivery price increased slightly by 0.0224 cents/ m 3.

Don't Be Alarmed, I.D. Required

As of June 23, 2008, your REALTOR® will have to ask for identification, as in picture I.D. In June 2007, the federal government approved amendments to regulations under the Proceeds of Crime (Money Laundering)and Terrorist Financing Act (PCMLTFA). The amendments, which come into effect on June 23, 2008, are designed to broaden the scope of record keeping and reporting requirements. This means that real estate salespersons and brokers will have new obligations under the PCMLTFA.

Requirements as of June 23, 2008 will include a receipt of funds record for all transactions regardless of the amount of funds received (unless funds are received from a financial entity or public body). In addition, a client identification record will be required to be completed with respect to every purchase and sale regardless of the existence of a cash deposit. Salespersons and brokers will be required to verify and record the identification of each client involved in a particular sale.

Rent Increase Guideline

The Ontario Government has set the rent increase guideline at 1.8% for 2009.

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REALTOR®, Realtor®, realtor

The word REALTOR® is a registered trademark owned in Canada by REALTOR® Canada Inc., a subsidiary of the Canadian Real Estate Association. Only members of the Canadian Real estate Association have the right to use the trademark and in strict accordance with the rules and only to identify membership in this association. The word Realtor®: is a registered trademark in the United States and only members of the National Association of Realtors®: are permitted to use and spell (upper case and lower case) the word. This is a Canadian site offering information, the word REALTOR® intended use is that of a member of the Canadian Real Estate Association. The owner of the site is a member of the Canadian Real Estate Association. If you would like further information please contact.

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