London, Ontario is Southwest Ontario's largest city and a major regional centre for healthcare, education, and finance. Home to Western University and Fanshawe College, London has a large student and academic population that drives robust rental demand. In 2025, the average home price sits near $600,000 — down from the 2022 peak but stabilizing with modest upward momentum.
London's economy is anchored by healthcare (London Health Sciences Centre is one of Ontario's largest hospitals), Western University, the insurance and financial services sector (London Life, Canada Life), and manufacturing. This diverse base creates resilient housing demand.
| Property Type | Average Price (2025) | Year-over-Year |
|---|---|---|
| Single-Family Detached | $730,000 | +3.4% |
| Semi-Detached | $570,000 | +2.9% |
| Townhouse/Row | $510,000 | +3.1% |
| Condo Apartment | $380,000 | +1.8% |
| All Types (Average) | $600,000 | +3.0% |
| Neighbourhood | Avg Detached Price | Character |
|---|---|---|
| Old North / Masonville | $850,000 | Premium, established |
| Byron / Westmount | $780,000 | Upscale SW London |
| Westboro | $700,000 | University adjacent |
| South London | $650,000 | Suburban, family |
| East London | $530,000 | More affordable, older |
| North London | $620,000 | Growing, newer builds |
Western University's 30,000+ student population creates massive rental demand, particularly in the neighbourhoods surrounding campus. Investors purchasing properties near Western can achieve consistent high-occupancy rentals, often renting by the room to students. A detached home near campus that rents at $3,500–$4,500/month by the room can pencil out even at current price levels.
| Metric | 2022 Peak | 2023 | 2025 |
|---|---|---|---|
| Avg Days on Market | 11 | 44 | 39 |
| Active Listings | 480 | 1,800 | 1,950 |
| Months of Inventory | 0.6 | 4.9 | 4.1 |
London is expected to see modest price growth of 3–5% through 2025. The rate cut cycle has improved buyer confidence and activity levels are up from 2023–2024 lows. London benefits from strong institutional anchors (hospital, universities) that provide employment stability. The city is also growing through immigration and remains affordable relative to the GTA.
While you plan your London Ontario purchase, save every dollar. KOHO offers free banking with no monthly fees and no minimum balance. Use code 45ET55JSYA for a bonus when you sign up.
Open KOHO Free — Code 45ET55JSYALondon is in balanced market conditions in 2025, with approximately 4 months of inventory. Buyers have more leverage than during 2021–2022 but good properties still attract multiple offers.
The average resale home price across all property types in London Ontario is approximately $600,000 in 2025.