London Real Estate Overview
London is a large and thriving urban centre with relatively low housing prices.
According to the London & St. Thomas Association of Realtors, the median selling price for a home in the area in the first quarter of 2013 was $242,750 which is up 3.3 percent from the same period last year.
Older properties can be found in North London, which features many heritage homes on tree-lined streets close to the university. Central London is the downtown core, with plenty of access to restaurants, shops, and bars. In the west end, Westmount, Oakridge, and Byron are popular residential areas. South of the highway you will find more rural communities such as Tempo and Glanworth.
- London Population (2011)366,200
- 5 Year Population Change3.9%
- Number of Homes in London168,200
Why Buy a Home in London?
London is the economic, cultural, and educational centre of Southwestern Ontario.
Situated about halfway between Hamilton and Sarnia, London is only a short distance from popular destinations such as Stratford, Grand Bend, and the U.S. border. Its top-notch schools, hospitals, and community groups make it an ideal place to raise a family.
Known as the "Forest City," London boasts over 200 parks and natural woodlands that allow for an escape from city life. In contrast, the city's significant student population has led to the development of a vibrant nightlife scene. With countless bars, restaurants, clubs, and entertainment venues, you'll never run out of things to do in London.
Explore London's Rich Cultural Heritage
Archaeological evidence indicates that Aboriginal peoples have resided in the London area for the past 10,000 years. The Attawandaron, Ottawa, and Ojibwe nations all had villages there by the time Europeans arrived in the 18th century.
Lieutenant-Governor John Graves Simcoe initially favoured the area as a site for Upper Canada's capital, but his choice was rejected for strategic reasons. The village of London was founded 1826, named after the English capital. The construction of a military garrison in 1838 caused the population to soar, and it was incorporated as a town two years later.
London's role as a military centre continued into the 20th century, serving as the administrative centre for the Western Ontario district during the two World Wars. Today, it is the largest municipality in Southwestern Ontario, and a major economic centre.
Getting around in London
London is at the junction of two major highways, the 401 that connects the city to Toronto and Detroit, and the 402 that stretches over to Sarnia. Several smaller two-lane highways and major roads connect London to surrounding communities.
The London Transit Commission operates 40 bus routes throughout the city; several taxi and limousine companies offer services as well. Travel by train is available at the Via Rail train station, and coach buses depart from the Greyhound bus terminal.
In order to combat traffic congestion, London has recently constructed new cycleways along some of its major streets. A network of cycling and walking trails around the Thames River support off-the-beaten-track travels.
Shopping and Amenities
The three major shopping centres in London are Masonville Place, Westmount, and White Oaks Mall. Several specialty and independently-owned shops are located along Richmond Street in the downtown core.
Various community and recreation centres support programs and activities for all ages and interests, including the Stoney Creek Community Centre, the South London Community, and the Kinsmen Recreation Centre. The London Public library operates 16 branches in the city.
A vast number of public, Catholic, and French-language schools are available, in addition to more than twenty private schools. The University of Western Ontario and Fanshawe College are both renowned post-secondary institutions that attract students from around the country and the globe.
Entertainment and Attractions in London
London is entertainment central. At Budweiser Gardens, you can catch a London Knights hockey game or listen to a concert in the largest arena in Southwestern Ontario. The OLG Slots at Western Fair District attract crowds all year round.
For the young and young at heart, there's no end of bars and clubs along the "Richmond Row" strip. Several gourmet restaurants and unique eateries offer world-class dining experiences.
The Grand Theatre puts on professional productions year-round. Various museums such as Museum London and the Museum of Ontario Archaeology capture the area's natural and cultural history.
During the summer, be sure to check out Sunfest, Rib-Fest, the International Food Festival, and the London Fringe Theatre Festival.