How is the London-Ontario real estate market

Every month, I get asked: “So, how’s the London market doing?”The truth? It depends on who you are — buyer, seller, or investor — but the 2025 market tells a story of balance returning after several years of extremes.

A Market Finding Its Footing

After years of record highs and sharp corrections, London’s real estate market in late 2025 is steadying. The London & St. Thomas Association of REALTORS® (LSTAR) reports an average home price of $622,805 for September 2025 — down 2.9% year-over-year, but still well above the city’s pre-pandemic average near $425,000.

CREA’s national data shows London outperforming some other mid-sized Ontario markets thanks to its diverse economy and in-migration from the GTA, which continues to fuel long-term demand. Meanwhile, OREA’s Market Pulse survey highlights that confidence among sellers remains moderate — not euphoric, but stable.

Buyers: A Window of Opportunity

If you’re buying, this is one of the most balanced markets London has seen in years. Inventory levels have risen by about 22% year-over-year, giving buyers room to negotiate without the frenzy of multiple offers.Mortgage rates remain elevated, but many economists expect gradual easing through 2026. That means buyers today can focus less on “timing the market” and more on “finding the right home” — often with conditions back on the table.

Sellers: Adjusting to the New Normal

For sellers, 2025 is about realism and readiness. Homes that are well-priced, properly staged, and marketed effectively are still selling — but overpricing by even 3–5% can push you into weeks on market.Detached homes in popular family neighbourhoods like Oakridge, Byron, and Masonville continue to attract steady attention, especially those under the $750,000 mark.

I

nvestors: The Long Game Still Works

For investors, London remains attractive thanks to strong rental demand, Western University’s consistent draw, and a solid labour market. Average rents have grown roughly 4–5% year-over-year, according to CMHC data. While short-term flipping is riskier in this climate, long-term holds are well-positioned.

Bottom Line

The London Ontario real estate market isn’t booming or busting — it’s balancing. That stability is healthy. Whether you’re buying, selling, or investing, success now depends on smart pricing, patience, and partnering with someone who knows the city block by block.

––––––––––––––––––––––––––––––––––––––––––––

If you’d like to talk through your specific situation — whether you’re considering buying, selling, or just curious where your property stands — reach out anytime.

Justin Skrypnyk

Real Estate Broker 

519-639-5176