If you're planning a move to Southwestern Ontario, one number likely tops your research list: the average house price in London Ontario. As of September 2026, London continues to attract relocating buyers from the GTA, Ottawa, Montreal, and abroad, thanks to its balance of affordability, big-city amenities, and small-city quality of life. But what does the current market actually look like, and what should newcomers realistically budget for?
This guide breaks down London's home prices by neighbourhood and property type, explains recent market shifts, and gives relocating buyers the practical context you need to plan a confident move in late 2026.
Average House Price in London Ontario as of September 2026
According to the latest data from the London and St. Thomas Association of REALTORS® (LSTAR), the average house price in London Ontario in September 2026 sits at approximately $685,000. This reflects a modest year-over-year increase of roughly 3.4%, following the market's gradual stabilization after the interest rate cuts of late 2024 and 2025.
To put that number in perspective:
- Toronto (GTA) average: around $1.18 million
- Hamilton-Burlington average: around $895,000
- Kitchener-Waterloo average: around $795,000
- Windsor-Essex average: around $605,000
London remains one of Ontario's most attractive mid-sized markets for value-conscious buyers, particularly those relocating from higher-priced urban centres. A family selling a semi-detached home in Mississauga for $1.1 million can typically buy a comparable detached home in London with money left over for renovations, savings, or a lower mortgage.
How London's Market Got Here: A Quick Timeline
Understanding the current average house price in London Ontario requires a short look back:
- 2020–2022: Pandemic-era migration from the GTA pushed London's average price from around $450,000 to a peak of $825,000 in February 2022.
- 2022–2023: Rising interest rates cooled the market sharply, with average prices falling nearly 20% by mid-2023.
- 2024–2025: The Bank of Canada's rate-cutting cycle brought fixed mortgage rates back into the mid-4% range, gradually restoring buyer confidence.
- 2026: A balanced market has emerged, with steady price growth, healthier inventory, and less bidding war intensity than the pandemic years.
For relocating buyers in September 2026, this means you're stepping into a market that's active but not frantic. You'll have time to view homes properly, negotiate reasonable conditions, and make decisions without the extreme pressure of 2021–2022.
Average House Price in London Ontario by Property Type
The city-wide average masks meaningful differences by property type. Here's what LSTAR's recent monthly reports show for 2026:
- Detached homes: approximately $755,000
- Semi-detached homes: approximately $585,000
- Townhouses (freehold): approximately $545,000
- Condominium apartments: approximately $415,000
- Condo townhouses: approximately $475,000
Relocating buyers with families typically focus on detached and semi-detached homes, while downsizers, young professionals, and investors gravitate toward condos in the downtown core and near Western University.
Neighbourhood Price Breakdown for Newcomers
London is often described as a city of neighbourhoods, and prices can vary dramatically depending on where you land. Here's a snapshot for relocating buyers.
North London
Home to some of London's most established and prestigious pockets, including Masonville, Sunningdale, Stoneybrook, and Hyde Park. Detached homes here typically range from $750,000 to $1.4 million+, with newer executive builds in Sunningdale often exceeding $1.5 million. Excellent schools, proximity to Western University, and Masonville Place shopping make this a top choice for families relocating from the GTA.
West London
Includes Byron, Oakridge, Riverbend, and Warbler Woods. Byron offers a village-like feel with mature trees and detached homes in the $700,000 to $1.1 million range. Riverbend is newer, with modern builds from $800,000 to $1.3 million. This is a strong area for professionals commuting to hospitals and downtown offices.
South London
Neighbourhoods like Westmount, Lambeth, Talbot Village, and White Oaks offer excellent value. Detached homes range from $600,000 to $950,000, and there's a broad mix of new construction, established family homes, and townhouse developments. Lambeth and Talbot Village have exploded in popularity with families relocating for space and highway access.
East London
Traditionally London's most affordable quadrant, East London includes Argyle, Huron Heights, and Pond Mills. Detached homes here often sell between $475,000 and $650,000, making it appealing to first-time buyers and investors. Ongoing revitalization along Dundas Street is boosting long-term appreciation potential.
Downtown and Old North
For buyers who want walkability and character, Old North and Woodfield offer heritage homes from $700,000 to $1.3 million. Downtown condos range widely — from $300,000 for a compact unit to $700,000+ for luxury suites in newer towers like The Renaissance or Azure.
What $685,000 Actually Buys in London Today
For relocating buyers used to GTA or Vancouver pricing, London's dollar stretches significantly further. At the September 2026 average house price in London Ontario of roughly $685,000, you can realistically expect:
- A 3-bedroom, 2-bathroom detached home in South or East London, often on a 40-foot lot
- A newer 3-bedroom townhouse in Hyde Park or Talbot Village
- A well-maintained semi-detached home in North or West London
- A larger 2-bedroom condo downtown with parking and amenities
Stretching your budget to $800,000–$900,000 opens the door to newer detached homes in family-friendly subdivisions, while $1 million+ moves you into premium north-end neighbourhoods and executive builds.
Mortgage Costs at Today's Rates
As of September 2026, five-year fixed mortgage rates in Canada are hovering between 4.14% and 4.55%, while variable rates sit around 4.30%–4.75% following the Bank of Canada's overnight rate of 2.50%. On a $685,000 home with 20% down and a 25-year amortization at 4.35%, monthly payments come in around $2,985.
Compare that to a similar-sized home in Toronto at $1.18 million, where the same down payment ratio produces a monthly payment near $5,140. That gap — over $2,100 per month — is the core financial reason relocation to London continues to accelerate in 2026.
Closing Costs and Land Transfer Tax Advantage
One often-overlooked perk of buying in London is that Ontario buyers only pay the provincial land transfer tax, unlike Toronto buyers who pay an additional municipal land transfer tax. On a $685,000 purchase, that difference alone saves London buyers roughly $9,500 at closing.
Budget the following for closing costs on an average London purchase:
- Land transfer tax: approximately $9,975 (first-time buyer rebates available up to $4,000)
- Legal fees: $1,800–$2,500
- Home inspection: $500–$700
- Title insurance: $300–$500
- Property tax adjustments and utility hookups: varies
Is Now a Good Time to Buy in London?
For most relocating buyers, the answer in September 2026 is a cautious yes. The market has three characteristics that favour newcomers:
- Healthier inventory: Roughly 3.5 months of supply, well above the frantic 0.8 months of early 2022.
- Stable financing: Rates have flattened, giving buyers predictable monthly costs and easier stress-test approvals.
- Moderate appreciation: Prices are climbing gradually — enough to build equity, but not so fast that waiting punishes you severely.
Economists at CMHC and RBC forecast London's average price growth at 3–5% annually through 2028, supported by population growth, Western University enrollment, and continued investment in health sciences and manufacturing.
Tips for Relocating Buyers
1. Visit before you commit
Spend a weekend exploring London's neighbourhoods in person. The vibe of Old North differs completely from Sunningdale or Byron, and photos rarely capture the feel of a street.
2. Work with a local REALTOR®
A London-based agent understands hyperlocal pricing, school boundaries, and infrastructure plans like the Bus Rapid Transit expansion — factors that materially affect value.
3. Get pre-approved with a local lender or broker
Ontario mortgage brokers who work regularly with London properties often secure sharper rates and better appraisal outcomes than national call centres.
4. Factor in commute and lifestyle
London is compact — most cross-city drives take 20–25 minutes. But if you're commuting to Toronto occasionally via the 401 or VIA Rail, choose a home near Highway 401 or the downtown train station.
The Bottom Line
The average house price in London Ontario in September 2026 — around $685,000 — represents one of the best value propositions in Southern Ontario. For relocating buyers, London offers detached-home affordability, strong long-term fundamentals, a university-town economy, and a lifestyle that blends urban amenities with genuine community feel.
Whether you're moving from the GTA, another province, or overseas, doing your homework on neighbourhoods, financing, and closing costs will help you land in London with confidence — and with a home that fits both your budget and your new chapter.
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