New Condos London

Rental Market 

In October 2025, London recorded a median rent of $1,794 for all property types and bedroom counts. London’s rental market is transitioning toward a more balanced state, influenced by record-high supply additions. Average rents have stabilized after years of rapid increases, with year-over-year (YoY) growth slowing to 2-4% due to higher turnover and incentives like free months’ rent.

For the rest of 2025, London’s rental market is expected to soften further. Vacancy rates may rise to 3.0–3.5% as Q4 completions add more units. Rent growth will slow to 1–3% year-over-year, down from 6% in 2024, with secondary market condo and townhouse rents likely dropping 2–4% due to incentives and affordability pressures. Days on market may settle around 20–25 days, though fall demand near universities could speed up condo rentals. Slower immigration eases pressure, but rising costs from U.S. trade tensions pose risks. Overall, it’s a tenant-friendly market, with negotiators favoured and landlords needing competitive pricing to achieve yields around 4–5%. A stronger recovery is expected in 2026, while London’s affordability keeps demand higher than in the GTA.

Seller Market

In October 2025, the average home price in London reached $651,329, up 3.5% year-over-year. Breaking it down by type: detached homes averaged $701,000 (+3.8%), condos were around $347,000 (-9.8%), and townhouses came in at $487,000 (-2.8%).

The remainder of 2025 looks cautiously optimistic for London’s housing market, supported by falling mortgage rates expected to stabilize around 3.5–4% and renewed buyer confidence. Prices should see modest growth of 1–3%, with detached homes leading (+2–4%) while condos and townhouses remain flat or dip slightly due to higher supply. Buyers continue to hold strong negotiating power, while sellers should price competitively. London’s affordability positions it to outperform other Ontario markets, though the market is settling into a more typical, balanced cycle.

-New Condos 

Renting Time for Condos: Condos in London spend an average of 18–22 days on the market, as of October 2025.

Selling Time for Condos: As of October 2025, condos in London typically sell in 35–40 days.

-New Homes 

-Renting Time for Homes: In 2025, townhomes and detached houses in London typically find tenants within 3-4 weeks.

-Selling Time for Homes: In London, detached homes often find buyers in about 3–4 weeks, while townhouses usually take a bit longer, around 4–5 weeks, to sell.

• Thriving Job Market: London boasts a diverse and flourishing job market, attracting professionals from various sectors. Major employers and established corporations like General Dynamics Land Systems and financial giants like Canada Life and TD Canada Trust offer a wealth of opportunities in technology, engineering, and finance. This variety ensures a high chance of finding a fulfilling and well-paying career for London condo residents.
• Extensive Public Transit: The London Transit Commission (LTC) offers a comprehensive bus network with accessible features for London condo residents. Taxis and ride-sharing services like Uber are readily available, providing flexibility for spontaneous trips or late-night commutes. The city is also actively planning a rapid transit system, promising even more efficient and connected travel options in the near future.
• A Supportive Community for Newcomers: Thriving on its growing diversity, London condos for sale offer a warm embrace to newcomers. Numerous ethnocultural groups and organizations exist to help you feel right at home. Settlement agencies like the London-Middlesex Local Immigration Partnership and the YMCA of Southwestern Ontario provide valuable guidance and resources to ease your transition.
• Top-Notch Education for All Ages: Many pre-construction homes in London are situated in areas with excellent schools. London is a great place for higher education, with awesome institutions like Western University and Fanshawe College that offer undergrad and grad programs in different areas. And if that’s not enough, there are plenty of public schools and over 20 private ones that can meet specific cultural and religious needs. 
• Surrounded by Nature’s Playground: London is an urban oasis brimming with verdant escapes. From sprawling parks and tranquil trails to the refreshing shores of Lake Erie and Lake Huron, nature is always within steps from your new home in London.

• Traffic Congestion: During rush hour, traffic can be heavy, particularly in the North and West Ends. While most areas see some improvement outside of peak times, be prepared for potential delays.
• Limited Environmental Focus: While London boasts beautiful parks and natural spaces, some residents of new builds in London express concerns about the city’s environmental initiatives. Those passionate about sustainability may find a lack of programs focused on protecting these green areas.