London, Ontario Real Estate: Neighbourhoods, Prices and Buying Tips

London is a city in southwestern Ontario and the largest municipality in Middlesex County. The 2021 Census counted 422,324 people in the city itself (up 10.0% from 2016), and 543,551 across the wider London census metropolitan area. It is the centre of the region’s jobs and services, which is why so many of the other communities on this site are measured against it.

Big institutions shape demand

Three large institutions anchor the local economy. Western University reports roughly 43,000 students, Fanshawe College says it has approximately 43,000, and London Health Sciences Centre describes itself as the city’s largest employer. Fanshawe has also said it expects full-time enrolment to fall in 2026/27, so we do not treat student numbers as a one-way trend. Still, buyers connected to these employers often shortlist neighbourhoods by commute, and investors look at the same maps.

North, south and east are different markets

The London and St. Thomas Association of REALTORS® (LSTAR) publishes separate benchmark prices for parts of the city. In August 2026 they were:

• London North: $616,900
• London South: $552,600
• London East: $431,900

A benchmark is a modelled typical-home price, not an average of sales, so treat it as a starting point. The gap between east and north is large enough that your budget may point you to a different part of the city than you first imagined. The city-wide composite benchmark that month was $553,500, with 526 sales and 6.3 months of inventory, which LSTAR described as a new peak.

Getting around and getting outdoors

The City of London lists three rapid transit projects on its website: the Downtown Loop, the East London Link and the Wellington Gateway. If you plan to live without a car, ask where those routes run relative to any home you like. For green space, the Thames Valley Parkway is the city’s main trail network, Harris Park sits near the core, and Springbank Gardens is a City community facility. The City also runs community centres that combine recreation, a YMCA and a library, including the StarTech.com Community Centre and the Stoney Creek Community Centre.

Buying a home in London

You will find a wide mix of older homes close to the core, newer subdivisions on the edges, and condominiums and townhouses in between. We have not published a ranking of individual neighbourhoods because we would rather show you homes than rely on labels. Property taxes are billed by the City on an interim and final schedule based on MPAC assessments, so check the annual figure on any listing before you fall in love with it.

What to ask your REALTOR® about London

• Which side of the city fits my budget, and what does a benchmark-priced home there actually look like?
• How does the property’s lot, age and condition affect likely repair costs?
• What are the annual taxes and, for condos, the fees and reserve fund status?
• How close is the nearest transit stop, and is a rapid transit route planned nearby?
• With inventory above six months, how much room do I have to negotiate conditions?

Thinking of buying or selling?

If you are weighing a purchase, our buyer guide walks through the process step by step. If you own here and wonder what your home might sell for, request a free home valuation.