London’s Market Reality Check
London isn’t cheap anymore—but it’s still one of the most liveable cities in Ontario. The influx of Toronto and GTA buyers over the last five years reshaped prices and pace. The good news? You still get far more house for your dollar here than in the big city.
The bad news? Inventory moves fast when it’s priced right. If you’re serious about buying, window-shopping on Realtor.ca isn’t a strategy. You need to know what’s coming soon, not what’s already sold.
The Neighbourhood Rundown
Old North & Woodfield: Heritage homes and character streets, walking distance to downtown. Expect bidding wars and premium pricing.
Byron & Lambeth: Family-friendly with larger lots and newer builds. Great schools, quick access to trails and Springbank Park.
Masonville & Uplands: Upscale north-end with access to Western and shopping.
Stoney Creek & Summerside: Fast-growing suburban zones where you can still find value.
Each area has its rhythm. Prices in the core have plateaued while the south and east ends keep attracting first-time buyers looking for space without the commute.
How to Avoid Buyer’s Regret
- Know your ceiling before you fall in love. London homes often list low and sell high. Get a real pre-approval, not a guess from an online calculator.
- Watch the days-on-market metric. If it’s sitting longer than two weeks, there’s usually a reason—either price, location, or condition.
- Look past staging. A freshly painted bungalow with cheap vinyl plank can hide big-ticket issues. Inspections matter, even in multiple-offer scenarios.
Timing the Market? Don’t.
You’ll never out-guess interest rates or CMHC policy changes. Instead, focus on value: solid bones, good location, and realistic appreciation potential.
What Buyers Ask Most
Is London still affordable? Compared to Kitchener or Hamilton, yes—but the gap is closing.
Should I wait for prices to drop? Probably not. Supply is too low and immigration keeps demand steady.
Where’s the best ROI? Look at east-end infill areas, duplex conversions near downtown, and anything close to a planned transit route.
Ready to Start Looking?
Get listings sent before they hit the public sites. No gimmicks—just real data and advice based on what’s moving this week, not last month.