Local News and Events October 2, 2025

London’s Best Pumpkin Spice Lattes for 2025 (According to Londoners)

London’s Best Pumpkin Spice Lattes for 2025 (According to Locals)

A vibrant, top-down photo of a pumpkin spice latte from a local London, Ontario cafe.

Pumpkin spice season is here, and with it, the annual debate: who makes the best PSL? Before you default to a big chain, we decided to do the research to find the best, most authentic Pumpkin Spice Latte from a local London cafe that’s worth your money.

How We Picked the Winners

To settle the debate, we didn’t just rely on our own taste buds. We went straight to the source: you. We spent hours combing through local Google reviews and social media posts to see which cafes Londoners themselves are raving about this fall. This isn’t just our list; it’s your neighbours’ list.

Here are the top three that stood out.

1. Black Walnut Bakery Cafe

A true London institution, the Black Walnut has been a beloved local hub for over a decade. While their original Wortley Village location recovers from a recent fire, their bustling downtown spot on Richmond Row continues to serve the incredible baked goods and specialty coffees they’re famous for. With a stellar 4.6-star rating on Google, their fall lattes are a yearly tradition, with reviewers often praising the balanced, authentic flavour as “autumn in a cup, not just a blast of sugar.” This is the ideal spot for a downtown coffee break or a weekend treat.

  • Location: 529 Richmond St, London, ON
  • Hours: 7 AM – 6 PM Daily
  • Parking: Metered street parking on Richmond St. and nearby city lots.

Their baking menu changes daily, so check their Instagram for today’s irresistible lineup before you go: Black Walnut Instagram

2. Locomotive Espresso

For those who want a seriously good coffee without the frills, Locomotive Espresso is the answer. Located just off the beaten path, this spot has a minimalist, industrial-chic vibe and a reputation for technical excellence. They make all their own syrups in-house, a detail praised by coffee lovers on social media every fall. This results in a PSL that still tastes like expertly crafted coffee, not just a sweet drink. This is the ideal spot for a quiet, focused conversation where the quality of the coffee is the main event.

  • Location: 408 Pall Mall St, London, ON
  • Hours: 8 AM – 4 PM Weekdays, 9 AM – 4 PM Weekends
  • Parking: Small dedicated parking lot and some street parking available.

Follow their Instagram to see what single-origin beans they’re featuring this week and get a glimpse into their craft: Locomotive Espresso Instagram

3. 10Eighteen Coffee Bar

More than just a coffee shop, 10Eighteen is a community hub in the heart of Old East Village. With its warm, inviting interior and friendly staff, it has become a cornerstone of the OEV. Reviewers on social media consistently mention the “cozy vibe” and “amazing staff” alongside the creative drink menu, calling their PSL the perfect comfort drink on a cool fall day. This is a great spot to feel connected to the community, discover other local artisans, and enjoy a relaxed, welcoming atmosphere.

  • Location: 1018 Dundas St, London, ON
  • Hours: 8 AM – 6 PM Daily
  • Parking: Metered street parking on Dundas St.

Check out their website for the latest on their live music nights and community events: 10Eighteen Coffee Bar Website

Your Turn! Tell Us Who We Missed

Now it’s your turn. Get out there and try them! Let us know in the comments if we missed a local gem that should be on our list for next year.

 

Local News and Events September 25, 2025

Bank of Canada Rate Cut: What This Means for London, ON Homeowners Right Now

Bank of Canada Rate Cut: What This Means for London, ON Homeowners

Bank of Canada Rate Cut: What This Means for London, ON Homeowners Right Now

Okay, so you’ve probably seen all the headlines about this rate cut. Some are calling it “long overdue relief,” others are asking “is this enough?” or “should you wait for more cuts?” The financial news is full of talk about GDP contractions, job losses, and economists debating whether this signals more cuts ahead or if the Bank of Canada is just being cautious.

On September 17th, the Bank of Canada dropped their rate by 0.25% to 2.5% – their first move since March after months of “wait and see.” If you’re a London homeowner or thinking about buying or selling, you’re probably wondering what this actually means for you, your mortgage, and your timing.

The truth is, there’s a lot of speculation out there, but the real question isn’t what the economists think might happen next – it’s how this change affects your situation right now and what you should do about it.

Here’s what we’ll cover:

  • What the 2.5% rate actually means for your mortgage payments
  • How quickly lenders are passing savings to you
  • Whether you should wait for more cuts or act now
  • October 29th BOC Decision: What to Watch For
  • What I’m seeing in London’s market right now
  • Your next steps, whether you’re buying, selling, or renewing

What Actually Happened on September 17th

The Bank of Canada cut their overnight rate by 0.25%, bringing it down to 2.5%. This was their first reduction since March 2025, after holding steady through three consecutive announcements.

Here’s what that translates to in real numbers: the prime rate dropped from 4.95% to 4.70%. That might sound small, but on a $400,000 mortgage, we’re talking about roughly $50-65 less per month in interest payments.

The economic backdrop tells the story – Canada lost 66,000 jobs in August, and our GDP actually shrank by 1.6% in the second quarter. The Bank of Canada is responding to clear economic weakness.

How Fast Are Lenders Moving?

Within 24 hours of the announcement, major lenders started updating their rates. As of today, the best 5-year fixed rates are sitting around 3.94%, while 5-year variable rates are at 3.70%.

That’s meaningful movement. Six months ago, we were looking at rates closer to 4.5-5%. The savings are real, and they’re happening now.

But here’s what most people miss – not every lender moves at the same speed. Some of the big banks took a few extra days to pass through the full cut. If you’re shopping for a mortgage right now, it pays to call around.

Should You Wait or Act Now?

This is the question I’m getting asked most. The honest answer depends on your situation, but here’s my take after watching London’s market for over a decade.

The Bank of Canada Governor made it clear they’re “ready to cut again if risks rise.” That suggests more cuts could be coming, but they’re not guaranteed.

If you’re a buyer who’s been waiting, the math has shifted in your favor. Today’s rates are meaningfully lower than they were in spring 2025. Waiting for potentially lower rates means competing with everyone else who’s also waiting for those same lower rates.

If you’re selling, this rate environment is creating fresh buyer activity. I’m seeing more pre-approvals in my inbox this week than I did all of August.

The October 29th Decision: What to Watch For

Here’s what most media coverage won’t tell you – the next Bank of Canada announcement is October 29th. That’s six weeks away, and it creates a specific window of opportunity.

Between now and October 29th, mortgage rates are likely to stay close to where they are today. After October 29th, they could drop further, stay the same, or even tick up slightly if the economy shows unexpected strength.

For buyers, this means you have roughly six weeks to take advantage of current rates without worrying about immediate changes. For sellers, it means any listings you’re considering should probably hit the market before Halloween – you want to capture buyer momentum while it’s building.

London Market Context for Fall 2025

London’s market has been following typical fall patterns, but this rate cut is adding unexpected energy. Here’s what I’m seeing on the ground:

Inventory levels are healthy but not overwhelming. We’re not in the frenzy of 2021-2022, but we’re also not in a dead market. This rate environment is hitting the sweet spot where buyers feel confident enough to move but aren’t panicking about missing out.

The neighborhoods that were already strong – Byron, Old North, Wortley Village – are seeing immediate upticks in activity. Areas that were slower this summer are starting to see more showings and inquiries.

Your Next Steps: Buyers vs. Sellers vs. Renewals

If you’re buying: Get pre-approved now, even if you’re not ready to make an offer tomorrow. Knowing exactly what you qualify for at today’s rates gives you confidence and negotiating power. The application takes a few hours, and rates are typically held for 90-120 days.

If you’re selling: Price strategically and get your home market-ready quickly. This rate environment is creating more buyer activity, but you want to capture it while momentum is building. Wait too long, and you might be competing with new inventory in a potentially different rate environment.

If you’re renewing: Don’t just accept your current lender’s renewal offer. Shop around. The rate differences between lenders have widened recently, and a few phone calls could save you thousands over your next term.

The Bottom Line

This rate cut isn’t just a number change – it’s opening doors for London homeowners and buyers that have been closed for months. The window between now and October 29th offers some clarity and stability that we haven’t had in a while.

Whether you should act depends on your specific situation, but the conditions are more favorable today than they were last month, and potentially more favorable than they’ll be if everyone else decides to wait for the next cut.

Questions about how this rate cut affects your specific situation? Let’s talk through your options – no pressure, just clarity.

Local News and Events September 9, 2025

Your Guide to Western Fair Week in London for Families

Your Guide to Western Fair Week in London for Families

Your Family's Complete Guide to Western Fair Week in London

There’s a special kind of excitement in London, Ontario when Western Fair Week rolls around—a spirit that brings our community together and fills the fairgrounds with smiles and memories. Whether you’re planning your very first visit or you’ve made it a family tradition, this guide is here for you.

Inside, you’ll find everything you need to know: a roundup of the best rides for every age, must-try fair foods (and where to find the local favourites), all the info on live shows—including concerts and family acts—and practical tips for saving money and making the most of your day. Looking for schedule links, ticket info, or local parking secrets? We’ve got those too.

Read on for helpful links, honest advice, and friendly guidance from a local perspective—all to make your Western Fair experience amazing from start to finish.

Western Fair 2025 Dates: September 5th to 14th

Why We Love the Fair: Family, Food, and Local Fun

From the moment the lights flicker on above the midway, there’s a sense of magic in the air. The Western Fair is where generations meet, new friendships form in line for funnel cake, and even the busiest parents can slow down a little to enjoy a ride with their kids. We go for the fun and come back for the memories—and maybe a little for those legendary snacks.

If you want a sneak peek at what’s on this year, start with the 2025 Attractions Overview and What’s New.

Your Day at the Fair: Rides and Attractions for Every Age

For families, the real gamechanger is knowing where to start (and how to avoid the rookie mistakes).

Little Ones (Toddlers & Young Kids)

Kiddyland is a lifesaver: secure fencing, shade, and lots of rides made just for knee-high explorers.

  • Classic Carousel: No matter what, we always start here. It's pure nostalgia and perfect for family photos.
  • Wacky Worm Roller Coaster: A rite of passage for starting-out thrill seekers.
  • The Giant Slide: Don’t skip this one—you’ll hear those belly laughs all day!

Value Tip: Pick up an all-day ride bracelet for kids who want to try it all, or grab single ride tickets for a lighter approach.

Older Kids & Teens

There’s healthy competition in our house over the “Who’s Bravest?” title, and the big rides settle it every year.

  • Polar Express: Hang on tight—it’s wild but a must-do.
  • The Zipper: Not for the faint of heart. This one’s earned its reputation for a reason.
  • New Attractions: The fair loves to surprise us; check the latest ride updates before you go so you don’t miss out.

Must-Try Food: Eating Your Way Through the Fair

Plan to arrive hungry (really hungry). Western Fair is famous for its iconic snacks and bold new bites each year.

  • Elephant Ears: The kind of treat that's bigger than your head, best shared by the whole crew.
  • Corn Dogs: Crispy, golden, and made right in front of you. Kids eat these on the go between rides.
  • Tiny Tom Donuts: Follow your nose and you’ll find them—always fresh, always a hit.
  • Local Church Dinner Halls: Home-cooked meals and full bellies for less—plus the feel-good bonus of helping out local causes.
  • Specialty Sweets: Deep-fried pizza or Dubai strawberries with chocolate and pistachio cream? It's fair food, so why not!

For a full rundown of what’s new and classic this year, visit Flavourous Favourites Are Back! and check the official food guide.

More Than Rides: Shows, Animals, and Live Entertainment

There’s always something happening on the fairgrounds that you can’t see anywhere else in town.

  • Live Shows & Concerts: From acrobats and magicians to talented musicians, the Western Fair keeps the entertainment coming all day long. There’s always something fun happening, with family-friendly shows around every corner. And if you’re in the mood for music, don’t miss the free evening concerts at the Bud Light Music Garden. The lineup features a great mix of Canadian favourites and local performers. For set times and details, check out the full concert schedule here.
  • Animals & Agri-Fun: Explore farm life up close with the Agriplex exhibits, meet barnyard animals, and check out the blue-ribbon vegetables.
  • Horse Shows: For many locals, it’s the best-kept secret of the fair! Full schedule here.
  • Hands-On Fun: Look for interactive stations—your kids can get their hands dirty and learn something new! Updates here: Family Activities.

Money-Saving and Sanity-Boosting Tips

The fair can be busy, noisy, and (let’s be real) a little pricey! Here are my personal go-to tricks for getting the most out of your day:

  1. Advance Tickets: Buy online here—you’ll save money and skip the lines.
  2. Go Midweek: If your schedule allows, less crowds and better deals await.
  3. Bring Reusable Water Bottles: Stay hydrated without paying $4 per drink.
  4. Have a “Fair Cash” Envelope: Let kids manage their own spending on games or treats—no surprise bills at the end of the day.
  5. Set a Meeting Spot: Big crowds mean it’s easy to get split up; choose a landmark (“Meet by the Ferris wheel at 3!”) as your go-to reunion point.
  6. Plan for Rain: Don’t let the weather stop you—just check the fair weather policy and come prepared.

Pre-Fair Family Checklist

Before you walk out the door, run through this list:

  • Tickets & Passes: Loaded on your phone or printed out
  • Double-Check Hours: Check opening times and early closures
  • Comfortable Shoes and weather gear
  • Sunscreen and Hats
  • Backpack for Extras
  • Snacks & Water Bottles
  • Wipes & Sanitizer for sticky hands
  • Portable Charger for your phone
  • Local Map & Ride Plan: Download the fairground map
  • Designated Meeting Spot Set

Come As You Are—Every Family Is Welcome Here

There’s no one way to enjoy the Western Fair, but the memories you make are pretty much guaranteed to last. Whether you’re showing your kids the ropes for the first time or carrying on a tradition that started with your grandparents, I hope this guide helps you have your best fair yet.

Ready to make some memories? Get your tickets, find today’s showtimes, and start your own family story at the fair! Already have a can’t-miss tip? Share it with us—there’s always room for new family legends in London.

New Listings September 1, 2025

Is It Worth Staging If I’m Selling in the Fall Market (Sept–Dec)?

Is It Worth Staging If I'm Selling in the Fall Market (Sept-Dec)? | London Ontario Real Estate

London, Ontario

Is It Worth Staging If I'm Selling in the Fall Market (Sept-Dec)?

Look, if you're planning to sell your home in the fall market, this question comes up a lot — and it's totally valid. The leaves are turning, the weather's cooling, and maybe you're thinking: "Is staging even worth it this time of year? Isn't it too late to make an impact?"

You might also feel like you've missed the peak market window — but the truth is, with the right strategy, fall can be one of the strongest times to sell.

Now, not every home needs full staging. Some homes sell just fine with light touch-ups. But in today's market, where competition is stiffer, staging can often give you an edge. More on that later.

Let's break it down.

Why Sellers Question Staging in the Fall Market

At this time of year, a lot of sellers start second-guessing the extras — and staging is usually at the top of that list.

You might be wondering:

  • "Will it actually help my home sell faster or for more?"
  • "Is it still worth the hassle this late in the year?"
  • "Can I skip it and still come out ahead?"

And we get it — those are fair questions.

Because in the Sept-Dec window, the market feels different:

  • Less inventory
  • Shorter days
  • Buyers are more serious — but fewer in number

That's why the real question isn't "Should I stage?" It's: "Will this give me a real advantage right now — or can I afford to skip it?"

Do Homes Sell Better When Staged? (Even in the Fall Market?)

Think back to when you were house hunting online.

You're on your phone at 10pm, scrolling through listings. You check the photos first, not the descriptions. Then one listing makes you stop:

  • The living room looks like it belongs in a magazine
  • The furniture layout actually makes sense
  • The photos feel warm and inviting — like someone actually lives there

You save it. You send it to your partner. Maybe you book a showing the next morning.

Now think about the ones you skipped:

  • Empty rooms
  • Harsh lighting
  • Weirdly cluttered or oddly staged spaces

Did you even go see those in person? Probably not.

That's the whole point of staging — to get buyers through the door. Because if they don't feel it online… they won't come see it in real life.

And that's why staged homes:

  • Get more attention
  • Drive more showings
  • Trigger stronger offers
  • And often sell for more

Data from the Canadian Real Estate Association (CREA) and the Canada Mortgage and Housing Corporation (CMHC) shows that homes which present well — whether staged or carefully styled — consistently attract more showings and stronger offers. Industry surveys note that well-prepared homes often sell faster and for 5-10% more, even in seasonal markets.

So if you're asking whether it's worth it — this is why sellers stage. It works before the showing even happens.

What Buyers Are Thinking About Right Now

Here's the reality check: this fall market is tougher for sellers than it was a year or two ago. There are fewer buyers out there, and they've got more listings to pick from. The upside? Smart staging helps your home rise above the clutter and connect faster with the serious buyers who are still active.

By September, routines are back:

  • Kids are in school
  • Parents are back at work
  • The chaos of summer has calmed

And for many? "Let's be in a new home before the holidays." That's the emotional driver. They picture:

  • Hosting Thanksgiving in a new dining room
  • Decorating the fireplace for Christmas
  • Starting the new year in a space that finally feels like "home"

They're motivated. They're ready to move fast. They just need to feel like your home is the one.

And for some buyers (especially investors or high-income earners), fall is also a smart time financially: closing before year-end can mean tax advantages — like writing off purchase-related expenses or claiming deductions in the current tax year.

So what does that mean for you? It means:

  • Your home needs to feel move-in ready
  • It has to stand out emotionally and visually — fast
  • The photos, flow, and feeling have to click right away

Because when you line up with their timing and their dream, offers follow.

When Staging Is Absolutely Worth It

You should definitely consider staging if:

→ Your home is vacant.

Most people think they can visualize where furniture would go — but they can't. An empty home often feels cold, lifeless, and disconnected. It echoes. It lacks scale. And without furniture, there's no emotional anchor — nothing to make a buyer say, "I can see myself living here."

Worse, it triggers silent red flags:

  • "Why is it empty?"
  • "Is it sitting unsold?"
  • "Something feels off…"

Even if buyers can't explain it — they feel it. And if they feel off… they don't offer.

→ Your furniture is dated, loud, or overly personal.

We've walked into listings where the first thing buyers notice is… the bright red couch. Or the oversized sectional. Or the wall of hockey memorabilia.

None of those things are "wrong." But they become distractions.

And here's the part most sellers don't realize: if your furniture looks old — it makes the entire home feel older.

Suddenly, the freshly painted walls… the new floors… even the kitchen updates feel less modern. Buyers don't separate the furniture from the house — they judge the whole package in one emotional sweep.

Staging neutralizes the space. It helps buyers focus on the home — not the decor. It says, "This home is ready for anyone."

→ You've got a layout that needs a little help.

Not every home has a clear flow — and that's okay. But if buyers can't immediately "get" the layout from photos, they move on.

Staging adds shape, direction, and balance. It shows how a weird nook becomes a reading spot. How a tight room can actually fit a queen bed. How a long hallway can feel intentional — not awkward.

It's about guiding the eye… and calming the brain.

→ You're selling in a higher price range.

Buyers at the $700K+ level expect more — because they're paying more. And rightly so.

At that price point, the details matter. Lighting. Flow. Scale. Style. They want to feel a certain wow the moment they open the door — or even just scroll through the photos.

"Wait — this one's only $789,000?!"

If your home doesn't feel elevated, it doesn't stand out. And if it doesn't stand out… it gets skipped.

Staging helps you show the value that already exists. It positions your home as the one that is priced right and presents beautifully — the unicorn in a sea of lookalikes.

And just to be clear — staging isn't just for luxury homes.

In fact, it might be even more valuable at the lower and mid-price points.

Why? Because that's where staging creates contrast.

Most homes in this range aren't staged — so yours instantly pops in photos. And if your home looks clean, modern, and well-cared-for… it signals value.

It says, "This one feels move-in ready — and it's priced well." That combination drives interest fast — especially from first-time buyers, who often shop with their hearts and their calculators.

When You Might Skip Staging (And Be Fine)

Let's be clear — not every home needs full staging. And we'd never recommend spending money where it won't help.

You might be just fine without staging if:

  • Your space is clean, neutral, and well-kept.
  • You're on a tight budget.
  • Homes in your area are selling fast.
  • You're listing on short notice.

But here's the thing: even in a hot market, the best-looking homes still get the best offers.

Staging might not be required — but it can give you an edge. It's what helps buyers fall in love faster. And when more buyers love it, more offers come in. And when that happens? They compete. And you walk away with more money.

That's what people mean by a "bidding war" — and it often starts with how your home looks online.

Pro Tip: Get Summer Photos Now if You're Selling Later

If your backyard is a showstopper — with a pool, patio, mature trees — and you're planning to sell in fall or winter… book your photos while everything's still green.

Nothing sells the dream like a lush, sunny backyard. And nothing deflates a listing like a snow-covered deck or bare garden.

We've had clients take this one step early and thank us every time.

So What's Next?

Maybe you're a few weeks out from listing. Maybe you're just thinking ahead to next season.

Either way, it's best to know what you'll need to do to your home to get the most money.

That's why we offer a free, no-pressure walk-through.

We'll take a look at your space and walk you through:

  • What kind of staging (if any) actually makes sense
  • Whether small improvements could do the trick
  • And what you can skip entirely

You'll walk away with the full picture — clear, simple, and based on what actually works.

Even if you're 3, 6, or 12 months out, this kind of clarity early on can help you make smart prep decisions now… so when it's time to list, you're already ahead of the game.

Reports August 8, 2025

How to Avoid Costly Housing Mistakes in the Midst of a Divorce

How to Avoid Costly Housing Mistakes in the Midst of a Divorce - Ken Small Real Estate Team

How to Avoid Costly Housing Mistakes in the Midst of a Divorce

Divorce is a whirlwind. It's a time when emotions run high, and the future feels uncertain. Amidst the legal complexities, the emotional toll, and the sheer exhaustion, one of the biggest questions often looms large: "What about the house?"

For many, their home isn't just a building; it's a sanctuary, a repository of memories, and often, their most significant financial asset. Deciding its fate during a divorce can feel overwhelming, adding another layer of stress to an already difficult situation. You might be grappling with fear, anger, resentment, or simply feel scared about what comes next. These feelings are valid, and you're not alone.

But here's the truth: in the midst of this emotional and financial turmoil, what you need most are non-emotional, straightforward, specific answers. Once you understand how a divorce impacts your home, your mortgage, and your taxes, critical decisions become clearer. Neutral, third-party information can empower you to make logical, rather than purely emotional, choices that will serve your best interests in the long run.

Should You Stay or Should You Go? The First Big Question

Perhaps the very first decision you'll face is whether you want to continue living in the house. Will the familiar surroundings bring you comfort and emotional security, a sense of stability when everything else feels chaotic? Or will they serve as a constant reminder of unpleasant memories, hindering your ability to move forward?

Do you want to minimize change by staying where you are, clinging to a sense of normalcy? Or does the idea of selling your home and moving to a new place offer the promise of a fresh start, a clean slate for a new chapter in your life?

Only you can truly answer these deeply personal questions. However, your decision will almost certainly have significant financial repercussions. Can you afford to keep the house? Can you manage the old house on your new, potentially reduced, budget? Is refinancing possible with your new financial situation? Or is it financially wiser to sell the current home and purchase a new one? And if you buy, how much house can you realistically afford on your new budget?

The purpose of this report is not to tell you what to do, but to help you ask the right questions. By understanding your options and their implications, you can make informed decisions that are truly right for your unique situation.

Your 4 Basic Housing Options During Divorce

When navigating the complexities of divorce, you generally have four fundamental housing options for your matrimonial home. Understanding the financial and practical implications of each is crucial.

1. Sell the House Now and Divide Up the Proceeds

This is often the most straightforward path, providing a clean financial break. Your primary consideration here is to maximize your home's selling price. Many homeowners make common mistakes that compromise this outcome, especially during a divorce. We can help you avoid these pitfalls.

As you work to get your financial affairs in order, it's vital to understand what your net proceeds will be – that is, the amount you receive after selling expenses (like real estate commissions, legal fees, and staging costs) and after determining your split of the proceeds. It's important to note that the split may not always be 50/50. It can depend on the divorce settlement, the source of the original down payment, and the legislative property laws in your area. Always consult with legal counsel regarding your specific situation.

2. Buy Out Your Spouse

If you intend to keep the house yourself, you'll need to determine how you'll continue to meet your monthly financial obligations, especially if you're now relying on a single income. If you and your spouse used two incomes to qualify for the original mortgage, refinancing on your own might present a significant challenge. Lenders will assess your individual income and debt-to-income ratio to determine if you qualify for a new mortgage in your name alone.

3. Have Your Spouse Buy You Out

If you are the one who is leaving the matrimonial home, this option offers the opportunity to start fresh in new surroundings with cash in your pocket. However, a critical point to be aware of is that if the old home loan is not refinanced into your spouse's name alone, most lenders will continue to consider both you and your spouse as original co-signers. This means you remain liable for the mortgage debt, even if you no longer live in the home or have legal ownership.

This continued liability can make qualifying for a new mortgage difficult for you if you decide to purchase another home, as the existing debt will still appear on your credit report and affect your borrowing capacity.

4. Retain Joint Ownership

Some divorcing couples choose to postpone a final financial decision regarding the home and retain joint ownership for a period of time, even if only one spouse continues to live there. While this temporary arrangement might alleviate immediate worries, it's crucial to keep a close eye on tax considerations.

Tax laws related to primary residences and capital gains can change from the time of your divorce to the time of the ultimate sale. Consulting with a tax professional is highly recommended to understand the potential implications of this option.

When You Decide to Sell: Working Together for Your Best Outcome

If you and your spouse ultimately decide to sell your home, it's paramount to work together through a professional real estate agent to maximize your return. Despite any personal differences, both of you should be present when a listing contract is put together. Both of you should fully understand and sign this contract, and both should be actively involved in the ultimate negotiations. A united front, even in divorce, can significantly impact the sale price and terms.

When You Buy Your Next Home: A New Beginning

Once you have the proceeds from your previous home sale or a buy-out, use that to determine an affordable price range for your next home. This is your opportunity to maintain a clear focus on getting the right home to suit your new situation and lifestyle. You may wish to review your options with a real estate agent who offers a dedicated house-hunting service. They can help you find a home that perfectly matches your new home-buying criteria, ensuring your next chapter starts on the right foot.

Ready to Take the Next Step? Connect with Ken Small Real Estate Team

Navigating the complexities of your matrimonial home during a divorce requires clear information and trusted guidance. Ken Small and his team are here to help you every step of the way, ensuring you make smart, non-emotional decisions that protect your future.

Here are your next steps:

  1. Schedule a Confidential Consultation: Have specific questions about your unique situation? Ken offers confidential, no-obligation consultations to discuss your housing options and how to best navigate the real estate aspects of your divorce. This is your opportunity to get personalized advice tailored to your needs.

    ➡️ Book Your Private Consultation with Ken Today!

  2. Connect with Trusted Professionals: We believe in a holistic approach. If you need recommendations for compassionate and experienced family lawyers, divorce financial planners, or mortgage brokers specializing in divorce, we can connect you with our trusted network of professionals who share our commitment to your well-being.

    ➡️ Call or text Ken at 226-271-1071

  3. Explore More Resources: This blog post is just one example of the in-depth, practical information Ken Small Real Estate Team provides. Visit our website for more articles, videos, and guides designed to help you navigate your real estate journey with confidence.

    ➡️ Visit Our Website for More Insights

This report is intended for informational purposes only and does not constitute legal or financial advice. Always consult with qualified legal and financial professionals for advice tailored to your specific situation.

New Listings May 30, 2025

Should You Buy First or Sell First?

Should You Buy First, Sell First, or Keep Your Current Home?

Should You Buy First, Sell First, or Keep Your Current Home? (Move-Up Buyers’ Guide)

Thinking about moving up to a bigger home? You might be wondering:

  • Should I buy first?
  • Should I sell first?
  • Could I even keep my current home as a rental?

Making the wrong move here could cost you big time — financially and emotionally. Let’s break down your real options so you can move forward with confidence.

Your 4 Real Options When Moving Up

Moving Up

1. Sell Your Current Home First

This is the “safer” path. You know exactly how much money you’ll have to spend.

Mortgage approvals for your next home are much easier.

But the downside? You might feel rushed to find your next place fast — and that pressure can lead to compromises you don't really want to make.

Sell First

2. Buy Your Next Home First

This strategy makes sense if you find your dream home and don’t want to risk losing it.

But here’s the risk: If your current home doesn’t sell quickly, you could end up carrying two mortgages.

That extra financial burden can get stressful very fast.

Buy First

3. Buy and Sell at the Same Time

If everything lines up perfectly, you sell your home and close on your new one at the same time. It’s clean, easy, and financially smooth.

But: Timing two major real estate transactions to match perfectly is tricky. You’ll need strong contracts and a good backup plan — just in case something gets delayed.

Buy and Sell Same Time

4. Keep Your Current Home as a Rental

If you qualify and have enough equity, another smart option is turning your current home into a rental property.

  • Build long-term wealth by holding real estate.
  • Collect monthly rental income.

But: Being a landlord comes with responsibility — tenants, maintenance, unexpected repairs. And you’ll want a property manager if you don’t want to handle it all yourself.

Rental Property Option

Important: Most agents won’t even bring up this rental option — because if you don’t sell, they don’t make a commission right away. But you deserve to know every real choice, even the ones that aren’t immediately profitable for your agent.

The Honest Truth: It Depends on You

There’s no one-size-fits-all answer to whether you should buy, sell, or rent first.

It depends on your:

  • Home equity
  • Borrowing power
  • Local market speed
  • Timeline and personal comfort level
  • Financial goals (Are you trying to build wealth or simply find a bigger place?)
It Depends

This isn’t about what’s easy for an agent — it’s about what’s right for your family and future.

How I Help Move-Up Buyers (Without the Guesswork)

  • Run all your real numbers — not just vague guesses.
  • Lay out all your options — sell first, buy first, buy/sell together, or rent.
  • Build a safe, smart strategy tailored around your life and goals.
  • Offer risk-reduction programs — like my 'Your Home Sold, or Ken Buys It' guarantee.
  • Connect you to trusted pros: mortgage brokers, lawyers, home inspectors, and even property managers if you go rental.
How I Help Buyers

You’ll never have to guess, panic, or hope for the best.

Ready to Plan Your Move-Up Strategy?

Neutral:
If you're thinking about moving up and want a customized, pressure-free plan, reach out today. Let’s build a move-up strategy that fits your life — not just the market.

Ontario:
If you’re in Ontario and wondering whether you should buy, sell, or rent first, let’s map out your smartest options together.

London:
If you’re in London, Ontario, and getting ready for your next move, let’s build your personalized Move-Up Plan — with clear answers and no pressure.

New Listings May 30, 2025

Should You Buy First, Sell First, or Keep Your Current Home? (Move-Up Buyers’ Guide)

Should You Buy First, Sell First, or Keep Your Current Home? (Move-Up Buyers’ Guide)

2

Thinking about moving up to a bigger home?

You might be wondering:

Should I buy first?

Should I sell first?

Could I even keep my current home as a rental?

Making the wrong move here could cost you big time — financially and emotionally.

Let’s break down your real options so you can move forward with confidence.

Real Options When Moving Up

When you’re ready to move into a bigger or better home, you’ve got four real paths to choose from:

1. Sell Your Current Home First

This is the "safer" path.

You know exactly how much money you’ll have to spend.

Mortgage approvals for your next home are much easier.

But the downside?
You might feel rushed to find your next place fast — and that pressure can lead to compromises you don't really want to make.

2. Buy Your Next Home First

This strategy makes sense if you find your dream home and don’t want to risk losing it.

But here’s the risk:
If your current home doesn’t sell quickly, you could end up carrying two mortgages.

That extra financial burden can get stressful very fast.

3. Buy and Sell at the Same Time

If everything lines up perfectly, you sell your home and close on your new one at the same time. It’s clean, easy, and financially smooth.

But:
Timing two major real estate transactions to match perfectly is tricky.
You’ll need strong contracts and a good backup plan — just in case something gets delayed.

4. Keep Your Current Home as a Rental

If you qualify and have enough equity, another smart option is turning your current home into a rental property.

Build long-term wealth by holding real estate.

Collect monthly rental income.

But:
Being a landlord comes with responsibility — tenants, maintenance, unexpected repairs.
And you’ll want a property manager if you don’t want to handle it all yourself.

Important:
Most agents won’t even bring up this rental option — because if you don’t sell, they don’t make a commission right away.
But you deserve to know every real choice, even the ones that aren’t immediately profitable for your agent.

Real Options When Moving Up (1)

The Honest Truth: It Depends on You

There’s no one-size-fits-all answer to whether you should buy, sell, or rent first.

It depends on your:

  • Home equity
  • Borrowing power
  • Local market speed
  • Timeline and personal comfort level
  • Financial goals (Are you trying to build wealth or simply find a bigger place?)

This isn’t about what’s easy for an agent — it’s about what’s right for your family and future.

The Honest Truth: It Depends on You

There’s no one-size-fits-all answer to whether you should buy, sell, or rent first.

It depends on your:

  • Home equity
  • Borrowing power
  • Local market speed
  • Timeline and personal comfort level
  • Financial goals (Are you trying to build wealth or simply find a bigger place?)

This isn’t about what’s easy for an agent — it’s about what’s right for your family and future.

Ready to Plan Your Move-Up Strategy?

"If you’re in London, Ontario, and getting ready for your next move, let’s build your personalized Move-Up Plan — with clear answers and no pressure."

New Listings May 21, 2025

Copy of Why Are Real Estate Commissions So High?

🧠 Why Are Real Estate Commissions So High?

Untitled design

(What Realtors Actually Pay For — and Why It’s Not Just “Easy Money”)

💬 “I used to wonder the same thing — until I became one.”
Let me show you exactly where your money goes when you hire a full-service real estate agent — and why the good ones often spend thousands before they ever get paid.

💡 Here’s What We’ll Cover:

  • What real estate commission actually covers

  • Why full-service agents spend thousands up front — even if your home doesn’t sell

  • How discount brokerages and FSBO options really compare

  • Why you should always ask: “What’s included in your fee — and who pays for what?”

  • Real numbers, real examples, and a behind-the-scenes look you won’t get anywhere else
2

🤨 First, Let’s Acknowledge the Obvious...

Yes — 4% to 5% of your home’s sale price feels like a lot.
If you’re selling a $700,000 home, that’s up to $35,000. So let’s break that down.

💼 What Happens to That Commission?

Here’s a typical 5% commission breakdown:

  • 2.5% goes to the buyer’s agent (required to attract qualified buyers)

  • 2.5% goes to the listing agent (your agent)

Let’s focus on the 2.5% your listing agent receives — and where that money actually goes.

📉 But Wait — Realtors Don’t Keep 100% of That Either

Most agents are independent contractors who split their earnings with their brokerage.
That means 25–30% comes off the top before expenses.

$700,000 Home 2.5% Listing Side = $17,500
Brokerage Split (30%) –$5,250
Net Before Expenses = $12,250

🧾 Real Costs a Full-Service Realtor Pays — Up Front

Here’s what a top listing agent like me typically spends on a single listing — before I’m ever paid:

Expense Approx. Cost
Professional Photography & Video $400–$1,200
Social Media Ads (Facebook, IG, Google) $300–$800
Signage & Installation $150–$300
Feature Sheets, Print Materials $100–$300
Lockbox, Key Coordination $75–$125
MLS Fees + Admin $50–$150
Client Support (VA, Admin Team) $300–$600
Staging or Prep Advice (Time + Service) $500–$2,000
Home Inspection (optional, but powerful) $400–$600
Total (Typical Range) $2,500–$6,000+

🔁 Reminder: All of this is paid before a home is sold — and if it doesn’t sell, I absorb those costs.

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🏢 Why Do Agents Pay the Brokerage?

In Ontario, agents must operate under a licensed brokerage, which provides:

  • Legal Compliance: Ensures all transactions adhere to provincial regulations.

  • Administrative Support: Handles paperwork, transaction processing, and record-keeping.

  • Training & Development: Offers ongoing education and resources.

  • Technology & Tools: Provides access to MLS systems, CRM platforms, and marketing tools.

  • Insurance Coverage: Includes Errors & Omissions insurance to protect against potential legal issues.

These services are essential for agents to operate effectively and are covered by the brokerage split and additional fees.

💳 Fixed Costs Agents Cover (Even Without a Sale)

Beyond per-listing expenses, agents incur ongoing operational costs:

  • Vehicle Expenses: Fuel, maintenance, insurance, and depreciation.

  • Technology: CRM systems, website hosting, email marketing platforms.

  • Office Supplies: Printers, paper, signage materials.

  • Professional Development: Courses, certifications, and industry events.

  • Insurance: Errors & Omissions insurance, personal liability coverage.

  • Licensing Fees: Annual dues to RECO, CREA, OREA, and local boards.

These expenses can total several thousand dollars annually and are necessary to maintain a professional and compliant real estate business.

Your paragraph text

🕒 No Salary, No Sick Days, No Benefits

It's important to understand that real estate agents:

  • Work on Commission: Income is only earned upon successful transactions.

  • Lack Traditional Benefits: No paid vacations, sick leave, or employer-sponsored health plans.

  • Face Income Variability: Market fluctuations can significantly impact earnings.

Despite these challenges, dedicated agents invest time and resources to provide exceptional service, often working evenings and weekends to meet client needs.

👀 What About Discount Brokerages?

Discount brokerages offer lower commission rates but may provide limited services:

  • Reduced Marketing: Minimal advertising and promotional efforts.
  • Limited Support: Fewer resources for staging, photography, and open houses.
  • Client Responsibility: Sellers may need to handle showings and negotiations themselves.

While cost-effective, these models may not offer the comprehensive support needed for optimal sale outcomes.

🧠 FSBO (For Sale by Owner): “I’ll Just Do It Myself”

Selling a home independently is possible but comes with challenges:

  • Marketing Limitations: Reduced exposure without MLS listings. 
  • Negotiation Complexities: Handling offers and counteroffers without professional guidance. 
  • Legal Risks: Ensuring compliance with real estate laws and regulations. 
  • Time Commitment: Managing showings, inquiries, and paperwork. 

FSBO sellers often find the process more demanding than anticipated, and potential savings may be offset by lower sale prices or legal complications.

💬 But Do You Really Need to Pay 5%?

Commission rates are negotiable. When discussing fees with an agent, consider:

  • Services Offered: What marketing, staging, and support are included?

  • Experience Level: Does the agent have a proven track record?

  • Market Knowledge: Is the agent familiar with your local area?

  • Communication Style: Will the agent keep you informed throughout the process?

Choosing the right agent involves evaluating the value they provide, not just the commission rate.

Your paragraph text (1)

🔍 Real Client Example:

A couple in London listed their home with a discount brokerage for $1,500 + HST.
They took photos themselves, wrote the description, and handled the showings.

After 62 days, no offers.

They called me. I staged the home, brought in professional photos and video, ran full ads, and handled negotiations.

Sold in 9 days — for $28,000 more than their previous asking price.

🎯 Final Word: “Ask the Question Most Sellers Don’t”

It’s not just how much commission — it’s what you get for it.

Not all agents are the same. And not all full-service listings are equal.

If you’re thinking of selling — even months from now — I’m happy to walk through your options, side by side.

No pressure. Just honest answers.

👉 Book a 15-Minute “What Am I Really Paying For?” Consultation with Ken Small
Let’s walk through your real options — and show you where every dollar goes.

📚 Sources / References:

 “Why Are Real Estate Commissions So High?”

(And Why It’s Not Just “Easy Money” — A Real Behind-the-Scenes Look)

New Listings June 21, 2024

Awesome Home for Sale – 151 Edmunds Place, London, ON

Awesome Home for Sale - 151 Edmunds Place, London ON

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Welcome to Your Peaceful Haven

Welcome to a beautifully maintained sanctuary nestled on a quiet court, where privacy is paramount with no neighbors behind and the charming Southeast Optimist Park is just a step away. This proximity to the park brings with it baseball diamonds, a splash pad, and a playground—turning your backyard into a gateway for endless outdoor adventures.

Designed for Gatherings and Warmth

The thoughtful layout of the home is perfect for gatherings, featuring spacious, light-filled interiors that seamlessly flow into a charming backyard. Here, you can host memorable evenings, enjoy breathtaking sunsets, and share laughter around the cozy fire pit. Step inside to the inviting living room, where a warm fireplace adds a touch of ambiance, perfect for relaxing nights or vibrant social gatherings.

Convenience Meets Serenity

This home’s location combines everyday practicality with an escape-like ambiance. Positioned conveniently close to shopping, pharmacies, and essential services, plus quick highway access makes it practical; yet, its serene setting offers a retreat from the bustling city life.

Certified Pre-Owned Home: A Promise of Quality

Enhancing the allure of this home, it comes as a CERTIFIED PRE-OWNED HOME. This status provides a pre-market home inspection, a 12-month warranty on home systems and appliances, and an exclusive 24-month buyer guarantee— "Love the Home or I'll Sell it for Free." These features are designed to give you peace of mind and underscore our commitment to quality and satisfaction.

Embrace a Lifestyle of Comfort and Community

This property is more than just a house—it’s a home where community charm and personal tranquility meet. The commitment to comfort and assurance is woven into every aspect of your investment, encouraging you to embrace a lifestyle that enhances every day with the peace of cherished home memories.

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New Listings June 21, 2024

Awesome Home For Sale – 53 Briscoe Street W., London Ontario

Awesome Home For Sale - 53 Briscoe Street W., London Ontario

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Step into a Sanctuary of Style and Functionality Welcome to a living space that transcends ordinary expectations, blending modern aesthetics with functional elegance. This residence boasts a versatile 600 sq ft converted garage, ideal for fitness enthusiasts or those seeking a serene home office, perfectly showcasing the home's adaptability and lifestyle-centric design.

The Heart of the Home: The Kitchen At the heart of the home, the kitchen stands as a testament to modern living, updated with sleek granite countertops and a contemporary backsplash. This area is a culinary dream, combining style and practicality for family gatherings or explorative cooking sessions.

Spacious and Inviting Living Areas Experience the spacious living areas where natural light enhances tasteful decor, creating an inviting atmosphere for relaxation and socializing. These areas serve as the perfect backdrop for everyday living and hosting friends and family.

Your Private Backyard Oasis Step outside into your private backyard oasis. Equipped with a hot tub and pergola set amidst lush greenery, this space offers both a serene escape and a vibrant setting for entertaining under the stars.

Adventure and Leisure Await Outdoors Adjacent to the property is a park that beckons with tennis courts and soccer fields, while nearby trails offer peaceful hikes, ensuring there are always options for outdoor adventure. Additionally, the close proximity to essential urban amenities confirms that convenience is just a stone’s throw away.

Certified Pre-Owned Home: Assurance and Quality This home is more than just a dwelling; it's a CERTIFIED PRE-OWNED HOME. It comes with a comprehensive pre-market home inspection, a 12-month home systems and appliance warranty, and an exclusive 24-month buyer guarantee—"Love the Home or I'll Sell it for Free." These features provide peace of mind and underscore a commitment to quality and buyer satisfaction.

Conclusion: Embrace a Lifestyle of Comfort and Tranquility Imagine your life here, where every detail is curated to enhance your living experience in a neighborhood that harmonizes the tranquility of nature with urban conveniences. This property isn't just a house; it's a home designed to foster memorable moments and a high quality of life, making it the ideal setting for your forever home, filled with soul and ready to create lasting memories.