London, ON home prices: new homes, rents and vacancy

Statistics Canada's new housing price index for London stood at 136.3 (December 2016 = 100) in September 2026, down 1.9% over a year and unchanged over five years. The average two-bedroom rent was C$1,645 in the October 2025 survey, up 6.7% on the year before. Rental vacancy was 3.9%. Builders started 3,788 homes in the last 12 months. Our simple reading of these numbers: prices steady.

Updated November 04, 2026.

Reading: Prices steady

The numbers

New housing price index (December 2016 = 100)

What the numbers say

• New-home prices about flat (-1.9% over a year).
• Rental vacancy 3.9% (+1.2 points in a year): balanced.
• Average two-bedroom rent up 6.7% over a year.
• Housing starts in the last 12 months up 6% on the 12 months before (more new supply coming).

Source: Statistics Canada (New Housing Price Index, table 18-10-0205-01) and CMHC via Statistics Canada (average rents, rental vacancy and housing starts, tables 34-10-0133, 34-10-0127 and 34-10-0154). Adapted from Statistics Canada under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada of this product.

Canadian city prices are Statistics Canada's index of NEW homes (house and land, December 2016 = 100). Resale prices, sales and listings by city belong to CREA and the local real estate boards and need a licence — they will be added once licensed. Rents and vacancy come from CMHC's October rental survey. For British Columbia, BC cities & towns shows actual sales and prices in every municipality from the Province's property transfer tax data.

Statistics for information and education only — not real estate, financial or investment advice. Figures are monthly or yearly averages for a whole metro area; a single home or neighbourhood can differ a lot.

Nearby: other places in ON

Updated November 04, 2026. Sources: Statistics Canada, CMHC via Statistics Canada. Educational information only - not financial advice.