London Real Estate Market Reports and Trends

London Real Estate Market and Guide

Discover London with our community guide. Get to know this friendly neighbourhood, stay updated on property prices and trends, and find helpful tips for making an informed choice. We also share neighbourhood vibes, school information, and what makes London a unique community.

Whether you’re looking for open houses, exploring available mortgage options, or finding a local real estate agent, we are here to help you find not just a home, but a lavish lifestyle here in London, Ontario.

Living in London, Ontario

London, Ontario, known as the ‘Forest City,’ is a vibrant and growing community that brings together history, culture, and nature. It boasts a moderate climate and four distinct seasons, making it an enjoyable destination year-round. Located between Toronto and Windsor, London combines the convenience of a mid-sized city with a friendly, community-focused feel. The city is renowned for its rich history, strong educational institutions, excellent healthcare, and numerous green spaces, making it one of Canada’s most desirable places to live. Major amenities include a leading university, hospital networks, and active cultural institutions, all of which contribute to the city’s appeal and quality of life.

Whether you’re a young professional, a family seeking a safe and lively community, or a retiree looking for comfort with healthcare and recreation, London has a neighbourhood for you.

Lifestyle and Community for Everyone

London offers something for everyone. Families appreciate its strong schools and the presence of Western University and Fanshawe College, which add diversity and innovation. The Thames Valley District School Board oversees top-rated schools, including London Central Secondary School, renowned for its excellent academic programs, and the London International Academy, which offers a unique global curriculum. Healthcare is another cornerstone, with one of Ontario’s largest hospital networks drawing professionals in medicine and biotechnology.

Downtown London is a vibrant hub for young professionals and students, offering a wealth of culture and entertainment. Venues such as Budweiser Gardens, the Grand Theatre, Museum London, Covent Garden Market, and the London Music Hall offer a diverse range of arts, music, and events. The active arts scene provides opportunities for networking and collaboration, enabling creative professionals to advance their careers. Local restaurants, craft breweries, and cafés offer new dining experiences and provide great places for informal meetings and sharing ideas, making London a supportive environment for professional growth.

London lives up to its name for outdoor lovers. With over 470 parks and numerous trails along the Thames River, residents enjoy activities such as biking, jogging, hiking, and picnics. Victoria Park, Springbank Park, and Fanshawe Conservation Area are year-round favourites for recreation and events.

Neighbourhood Vibes

London combines historic charm with modern energy. Many neighbourhoods have tree-lined streets and heritage homes, while downtown is full of concerts, theatre, markets, and nightlife. In Wortley Village, you might hear local musicians and see residents enjoying the Farmers’ Market. Whether you like quiet streets or busy entertainment, London has a neighbourhood to suit your style.

  • Byron is a family-friendly neighbourhood known for its excellent schools, proximity to Springbank Park’s playgrounds and trails, and a charming village centre with local shops and cafés.
  • Sunningdale offers modern, upscale homes in a master-planned community, with quick access to Masonville shopping, golf courses, and landscaped walking paths.
  • Masonville is a popular community for students and families, conveniently located near Western University, major transit routes, the Masonville Mall, and public recreational facilities.
  • Oakridge is a mature neighbourhood with spacious parks, a recreation centre, reputable schools, and an active community association that organizes local events.
  • Wortley Village is trendy, artsy, and ranked among Canada’s best neighbourhoods.
  • Northridge is the perfect location for those seeking a quiet residential area, featuring tree-lined streets, excellent schools, and convenient access to community parks ideal for families.
  • Summerside is a new community featuring affordable, newer homes that are popular with first-time buyers.

Property Pulse

The housing market in London offers a wide range of options and is more affordable than other larger cities across Ontario. Prices have increased in recent years, indicating good investment potential. Downtown condominiums and lofts are ideal for students and professionals seeking to live near transit and entertainment. Families often choose detached homes in Oakridge, Masonville, or Sunningdale for their larger lots and nearby parks. Historic areas like Old North have unique homes, while new neighbourhoods such as Summerside and Stoney Creek offer modern options for families. London’s mix of affordability and choice makes it an excellent place for homebuyers.

Community Canvas

London offers balance, uniting generations and cultures. Students, professionals, families, and retirees shape the city’s dynamic population. Diversity shows in community festivals, markets, and events. A perfect example of this is the annual South London Harvest Festival, where neighbours come together to celebrate local produce, music, and culture. Last year, when a small, newly opened immigrant-run café faced financial challenges, the community organized a successful fundraising event at the festival, drawing support from all ages and backgrounds. Neighbours support local businesses and gather in shared spaces like Victoria Park or Covent Garden Market, helping newcomers feel welcomed and connected.

What You’ll Love

London gives you the best of both worlds. There are numerous parks, a vibrant arts and entertainment scene, and a diverse mix of local and international cuisine. Homes in London are more affordable than in Toronto or Mississauga, so your money goes further. With this mix of opportunity, affordability, and community, it’s easy to see why people love living here.

Why Choose London?

London strikes a balance between urban convenience and small-city charm. Its mid-sized scale means less congestion and lower costs than larger Canadian cities, yet it still provides quality education, healthcare, and cultural experiences. The city is easily accessible via GO Transit and VIA Rail, offering efficient connections to Toronto and other major hubs, making commuting straightforward.

Key industries include manufacturing, healthcare, education, and technology. Typical roles range from engineers and healthcare professionals to educators and IT specialists. London provides a robust platform for newcomers to explore career paths, supported by a growing economy and diverse opportunities.

What is the average home price in London?

As of today, November 11th, the average home price in London is $765,086.

Who is the best agent in London?

The best real estate agent in London really depends on what you’re looking for. There are many great agents and teams here who are known for their local knowledge, friendly approach, and strong negotiation skills. If you're looking for a local real estate representative, we can help connect you with an agent in the area.

Who is the best Moving Company in London?

Moving between homes should be an enjoyable experience, not a stressful one. To make this move to London seamless, choose a thorough residential moving service equipped to manage each phase of the moving process. Select a company that excels in meticulous packing using premium materials and secure transportation for your possessions. When evaluating these options, look for a moving company with strong client testimonials and recognized, award-winning service.

Moving Company London - Macho Movers

A moving company such as Macho Movers would be the ideal partner to help you make that move to London. Book a moving appointment today.

November 2025 Mortgage Report

Review this month's current mortgage rates and how they compare versus 6 months for fixed and variable rates with our quick reference Mortgage Rate Report.

Latest mortgage rates

RatesNov 2025May 2025 (6 months)
3 Year Fixed4.09% 4.34%
3 Year Variable4.05% 4.50%
5 Year Fixed3.89% 4.04%
5 Year Variable3.65% 4.20%
Mortgage rates provided by nesto.ca

A valid purchase price is needed. Please try again.

A mortgage is often a necessary part of buying a home, but it can be challenging to understand what you can afford. This calculator can help you estimate mortgage payment options based on the purchase price. To help you get started, we entered the average price of homes listed on the London real estate market.

Purchase Price $765,086

The purchase price dictates how much to borrow. Enter the price of the home you are interested in buying to determine your estimate monthly payments.

Down Payment $38,254 (at 5% down)

The amount of money you pay up front to obtain a mortgage. The minimum down payment is 5% and for down payments of less than 20%, home buyers are required to purchase mortgage default insurance, commonly referred to as CMHC insurance.

Mortgage Insurance $26,166

Mortgage default insurance, commonly referred to as CMHC insurance, protects the lender in the case the borrower defaults on the mortgage. Mortgage default insurance is required on all mortgages with down payments of less than 20%, which are known as high ratio mortgages. Mortgage default insurance is calculated as a percentage and is applied to your mortgage amount.

Mortgage Amount $752,998

The price of your new home, less the down payment, plus mortgage insurance, if applicable.

Mortgage Rate 4.09%

The rate of interest you will pay on the outstanding balance of your mortgage.

Mortgage Type 3 Year Fixed

The mortgage type includes the term of the mortgage, between 1 and 10 years and the rate type, variable or fixed. The mortgage term is the length of time you commit to the terms, conditions and mortgage rate. The mortgage rate type can be fixed for the duration of the term or variable, fluctuating with the prime rate. Fixed rates are most popular and represent 66% of all mortgages, according to the Canadian Association of Accredited Mortgage Professionals.

$3,859 (monthly)
$1,779 (biweekly)
$1,929 (accelerated)

Found a house on MoveMeTo.com that you like? Use our mortgage calculator to determine a mortgage payment option and affordability with the latest mortgage rates to determine the right type of mortgage for you.

We want to help you with moving to London Ontario. Contact our preferred mortgage experts to work with an agent on a personalized mortgage solution with a guaranteed low Mortgage Rate from the get-go with nesto!

Mortgage Experts Talk to a Mortgage Expert Now

London Open Houses

As a potential buyer, an open house opens the door to help you make an informed decision about a property before making an offer. Check below for properties with open houses currently listed on the MLS® market in London.

For further benefits of visiting an Open house if you are a buyer or hosting an open house if you are a seller. Check out our questions & answers for buyers and sellers.

Open House Questions and Answers

What are the benefits of visiting an Open House as a home buyer?

They allow you to preview properties in person before putting in an offer. They will enable you to gain neighbourhood insights by talking with nearby neighbours. They allow you to ask the listing agent about the current market trends for that neighbourhood and find out details such as upgrade options and needed renovations. They also allow you to feel less anxious and overwhelmed when you put in an offer.

What are the benefits of having an Open House as a home seller?

They allow you to increase the visibility of your home and shorten its time on the market. They allow you to attract additional buyers who may be early in the home-buying process. They allow you to set your house apart from the other listings within the same price range. They also allow you to make it easier on buyers unsure if your home or neighbourhood fits their needs.

For more information on buying and selling real estate in Ontario. Check out our Buyer and Seller Guides.

Buyers GuideSellers Guide

Start your London Home Search the right way with these Four Search Options

At MoveMeTo.com you can personalize your search results to fit you. Narrow down quickly and efficiently the properties that you are interested in by using one of these search options.

Search Homes Near Me

Are you in the London area right now? Click on the map to browse available properties in London near your current GPS location. Personalize your distance between 2KM and 20KM to allow you to narrow in on what is available right now near you. Search Near Me Now.

London Homes Near Me Search

1721 Properties
Available

Search Types of Properties in London

Have a specific type of property in mind? Check out listings within London by property type. Find condos, single-family homes, farms, waterfront properties and more with our Property Type Search.

Search Latest Properties on the Market

Discover homes and condos as they get added to the real estate market by exploring MLS® listings published within the last fourteen or thirty days. Don't miss out on grabbing the best properties in London.

Search Nearby Communities

Are you exploring your options on where to buy and not set on an exact community or neighbourhood? To expand your search for properties, check out one of these nearby communities.

Helping you find the Best Real Estate Agent to work with in London Ontario

Finding the Best Real Estate Agents in London

Buying and selling real estate can be a long and sometimes stressful process. However, with the best REALTOR® on hand to help, you can ensure the process is much simpler to navigate. So let us help you find the best qualified REALTOR® with expert knowledge of London, Ontario, to guide you through the real estate market to make buying and selling easier.

Have questions about real estate and don't know where to begin? Connect with the best real estate agents in London to guide you through the process.

Please be advised that TRESA Rules and Regulations restrict the information that another Brokerage or REALTOR® can provide. Therefore, any further information must be sought directly from the agent you are under contract with.

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Please Note: Information you supply in the contact form will be kept fully confidential.