London is a city in southwestern Ontario. Located midway between Windsor and Toronto, London is southwestern Ontario’s heart. As the sixth-largest city in Ontario and Canada’s 10th-largest city, it serves as a regional hub for surrounding communities. It lies between Toronto and Detroit at the confluence of the Thames River, offering plenty of opportunity with its universities, colleges, and hospitals. Many festivals and events are held in London, including Sunfest, Home County Folk Festival, Pride London Festival, and Rock the Park, to celebrate music and culture worldwide. It’s also home to one of North America’s largest barbecue rib festivals.
London is home to 78 Tim Hortons, the most iconic of Double-Doubles. It was also the first eastern Canadian city to get a McDonald’s in 1968 on Oxford Street West. Due to its size and diversity, London is an ideal test market for introducing new products – McDonald’s pizza and the Tim Hortons Iced Capp debuted here.
Signs of Improvement in Early Spring Market
London is a highly livable city, ranked fourth in MoneySense’s 2016 list of the best large Canadian cities. The cost of living is also lower than in other cities in the region, with an average home price of $653,611. Sales figures improved dramatically from February into March, with a 55% increase as 468 homes traded hands, and new listings have also increased by 45%, with 712 homes listed for sale in March. While supply is low at 1.7 months, there is still room for optimism that demand is improving in the area.
Properties in London
The average list price for single-family homes in London was $717,650 in March 2023, compared to $673,226 in February 2023, trending up by 6.77% month-over-month.
The average list price of condos in London was $388,297 in March 2023, compared to $368,729 in February 2023, trending up by 2.45% month-over-month.
The median list price of townhomes in London was $509,172 in March 2023, compared to $490,109 in February 2023, trending up by 3.99% month-over-month.
Homes Currently Available in London
1283 Gagel Street, $975,000
Property details:
- 5 beds, 3 baths, 0 parking
- Detached
- Walking score 32/Transit score 33
This home is the perfect blend of style and function. The open floor-plan means the living area flows right into the kitchen. The space opens up to the fully fenced backyard, and there’s a basement suite perfect for teenagers.
View the listing here.
14 – 3200 Singleton Avenue, $499,950
Property details:
- 3 beds, 2 baths, 1 parking
- Townhouse
- Walking score 32/Transit score 40
This townhouse is the perfect starter home for first time buyers. The open concept living/dining area leads right into the modern kitchen, with a large deck off that which is perfect for entertaining guests during barbecue season.
View the listing here.
707 – 860 Commissioners Road East, $345,000
Property details:
- 2 beds, 1 bath, 1 parking
- Condo apartment
- Walking score 50/Transit score 50
This incredible corner unit has gorgeous southern views. The open-concept living/dining area is perfect for entertaining family and friends, while the primary bedroom has plenty of space and an ensuite laundry room.
View the listing here.
Enjoying our content? Subscribe to our free weekly newsletter to get Canadian real estate market insights, news, and reports straight to your inbox.
Why London?
London is a vibrant city in Ontario, home to nearly 400,000 residents. A hub for higher education, medical research, manufacturing and technology, the city offers a wealth of opportunity and amenities such as beautiful parks, the Thames River, 14 local museums and world-class performances. London will have something for everyone with its rich heritage, arts and cultural spaces, and natural beauty. Nine significant parks and gardens are connected by 40 km (25 mi) of pedestrian and bike paths and 150 km (93 mi) of bike and hiking trails throughout the city. Springbank Park is the largest park at 140 hectares (300 acres) and contains Storybook Gardens, a family attraction open year-round.
Moving to London is the perfect choice for anyone looking for a city with a lot to offer. The city’s livability ranks highly on Canadian lists and boasts a low cost of living compared to other cities in Southern Ontario. Due to London’s varied demographics, you’ll also have plenty of entertainment, culture and food options. Whether looking for a job or just a change of scenery, London is an ideal place to move!
Your chosen city may impact your financial situation and employment opportunities. Before buying a house, doing local employment, housing, and neighbourhood research is crucial. Before moving, research the local work market, housing possibilities, and stunning natural surroundings of London. The benefits of both worlds—urban conveniences and the security and comfort of a mid-sized community—are yours if you pick “The Forest City.”
How can you learn more about this expanding city? Ask one of our representatives! Call us today and we can help find the right home in London.
