Why Live in London, Ontario

London, often called the “Forest City,” is a vibrant mid-sized city in Southwestern Ontario known for its balance of affordability, green spaces, and urban conveniences. With its thriving economy, excellent schools, and healthcare services, London is ideal for families, students, professionals, and retirees who want both city amenities and a welcoming community atmosphere.

The real estate market in London is more affordable than nearby cities like Toronto, Mississauga, or Oakville, making it attractive for buyers and renters alike. Options include detached homes on suburban lots, semi-detached homes in family-friendly neighborhoods, modern downtown condos, and spacious condo townhomes. Whether you’re searching for a 1+ bedroom condo rental, a 3+ bedroom semi-detached resale, or a 4–5 bedroom detached family home, London has a wide variety of properties.

In terms of prices, London offers a mix of budget-friendly and mid-range housing. Many smaller detached and semi-detached homes are priced between $450k–$650k, while larger detached homes commonly fall in the $700k–$900k range. Luxury homes can exceed $1M, but buyers still find better value here compared to the Greater Toronto Area. Rental housing is also more affordable, with apartments starting around $1,400/month and detached rentals averaging $2,000–$2,400/month depending on size and location.

Residents of London enjoy a high quality of life with access to Western University, Fanshawe College, and multiple hospitals, as well as shopping districts, theaters, and restaurants. Outdoor enthusiasts benefit from the Thames River trails, conservation areas, and nearby provincial parks. The city also has strong public transit and easy highway access to Toronto, Windsor, and the U.S. border.

Frequently Asked Questions

Is London a good place to live?
Yes, London is a great place to live if you want affordable housing compared to the GTA, strong healthcare and education, and a balanced lifestyle with both urban amenities and outdoor recreation.

How much do you need to make to afford a home in London?
The median resale home price in London is around $600,000 (2025). With a 20% down payment, a household would need an income of about $105,000/year to qualify. Rental housing is also relatively affordable, with apartments starting near $1,400/month and detached rentals averaging $2,000–$2,400/month.

What types of homes are available in London?
London offers a variety of home types, including:

Detached homes in established neighborhoods and new subdivisions.
Semi-detached homes for families on a budget.
Condo homes in the downtown core and university area.
Condo townhomes for low-maintenance living.
Other options like bungalows, student rentals, and luxury homes.

What are the most popular postal codes in London?
Some of the main postal codes in London include N5X (Masonville), N6G (Northwest London), N6A (downtown and university area), and N5Y (Northeast London).

What neighborhoods are near London?
Nearby communities include St. Thomas, Strathroy, Komoka, and Dorchester, which also provide additional housing options for commuters and families.

Are home prices changing in London?
Home prices in London have seen moderate growth, with a year-over-year increase of about 3–5% in 2025. While prices are rising, London remains more affordable than many Southern Ontario markets.