Condos for Sale London Ontario – 2026 Prices and Listings
The London, Ontario condominium market presents a complex picture heading into 2026, characterized by significant price adjustments and expanding inventory. Current data indicates that prospective buyers face a market where average prices have declined substantially from peak levels, creating potential entry points for first-time purchasers and investors alike.
With between 553 and 595 active listings spanning downtown high-rises to suburban low-rises, the market offers diverse options across multiple price points. Recent figures show condo apartments averaged $349,632 as of February 2026, representing a sharp downward adjustment from previous years’ valuations.
This guide examines verified pricing data, neighborhood-specific availability, and market dynamics to provide clarity for buyers navigating London’s evolving condo landscape.
What is the Average Price of Condos in London Ontario?
$349,632
553–595+
$139,900 – $1.55M
Under $500,000
Current market data reveals significant divergence in pricing metrics depending on property type and data source. As of February 2026, the average condo apartment price stood at $349,632 according to WOWA’s London housing market analysis. This figure represents a substantial decline from peak valuations, reflecting broader economic pressures affecting buyer purchasing power.
Alternative market tracking shows an average condo resale price of approximately $466,880, with individual listings ranging from entry-level units at $139,900 to luxury properties reaching $1,550,000. Overall average home prices across all property types in London reached $622,414 in February 2026, marking a 3.9% decrease year-over-year.
- Condo apartment prices averaged $349,632 in February 2026
- Overall average home prices reached $622,414 across all property types
- Year-over-year market decline of 3.9% recorded for overall home values
- Two-bedroom units remain consistently available below $500,000
- Inventory exceeds 550 active listings across major real estate platforms
- Long-term resale appreciation averaged 12.8% annually over the past decade
- Current rental vacancy rate holds steady at 3.8%
| Metric | Value | Context |
|---|---|---|
| Average Condo Price (Feb 2026) | $349,632 | Apartment-style units |
| Overall Average Home Price | $622,414 | All property types combined |
| Year-over-Year Change | -3.9% | February 2025–2026 comparison |
| Average Resale Price (Condos) | ~$466,880 | Broader market average |
| Entry-Level Price Point | $139,900 | Lowest available listings |
| Premium Listing Cap | $1,550,000 | High-end market segment |
| 2-Bedroom Example (Low) | $289,900 | 1,025 sq ft unit |
| 3-Bedroom Range Start | $324,900 | Up to $750,000+ |
| 10-Year Resale Appreciation | 12.8% annually | Long-term historical trend |
| Current Rental Appreciation | 6.8% annually | 10-year average |
Where Are the Best Neighborhoods for Condos in London ON?
London’s condominium inventory distributes across four primary quadrants, each offering distinct characteristics and price positioning. The geographic diversity allows buyers to prioritize proximity to downtown amenities, suburban tranquility, or university-adjacent locations.
London East
The eastern quadrant features properties including 690 Little Grey Street and 695 Richmond Street, offering accessible entry points into the market. This area provides connectivity to major arterial roads while maintaining relative affordability compared to central districts.
London North
North London concentrations appear along 155 Killarney Road and 189 Homestead Crescent. These locations typically attract buyers seeking proximity to the university district and major medical facilities while avoiding downtown congestion.
London South
Southern neighborhoods include addresses such as 3025 Singleton Avenue and 215 Commissioners Road W. According to Zillow’s London condo listings, this quadrant balances residential density with access to commercial corridors along Wellington Road.
Downtown Core
Central London maintains active inventory at 1235 Richmond Street and various Colborne Street properties. Downtown units command premium positioning for walkability to Victoria Park, Dundas Place, and the Covent Garden Market.
Buyers should verify specific building addresses rather than relying solely on quadrant designations. Properties on Richmond Street appear in both East and Downtown zone classifications, indicating that precise location analysis remains essential for accurate proximity assessment.
How Many Condos Are Currently for Sale and What’s the Market Like?
Current Inventory Levels
The London condominium market maintains robust supply with 553 to 595+ active listings available across multiple platforms. Zoocasa’s London condo data confirms substantial inventory reflecting an active market with options spanning various price points and neighborhood preferences.
Investment Metrics and Risk Assessment
The market currently carries a moderate-risk classification according to recent forecasts. The vacancy rate remains relatively stable at 3.8%, indicating continued tenant demand despite price softening. Average rental rates stand at $1,551, with historical rental appreciation tracking at 6.8% annually over the past decade.
Recent Market Dynamics
Metro London home values have trended downward over the past year, creating favorable conditions for buyers entering the market. Similar to adjustments observed in the Maison A Vendre Granby – 2024 Prices and Market Trends report, London’s market reflects broader Ontario affordability corrections following elevated interest rate environments.
What New Developments and Features Do London Ontario Condos Offer?
Standard Amenities and Unit Characteristics
Available inventory features diverse amenities including parking options, gas fireplaces, and open-concept layouts. Unit sizes range broadly from 900 to 1,999 square feet according to London Ontario Real Estate listing data, accommodating singles through small families.
Pet-Friendly Options
Pet-friendly units appear within individual listings, though building-specific policies vary significantly. Prospective buyers with animals must verify specific pet allowances, weight restrictions, and associated deposits on a per-building basis.
Data Limitations on Fees
Comprehensive condo fee breakdowns by neighborhood remain unavailable in current market data. Specific monthly maintenance costs, reserve fund statuses, and special assessment histories require direct inquiry with listing agents or sellers.
While listings commonly advertise parking options and gas fireplaces, these features may apply to specific units rather than offering building-wide availability. Physical verification during viewings prevents misunderstandings about included amenities.
Detailed average condo fee calculations by neighborhood or building type remain unverified in publicly available datasets. Buyers should request current status certificates and financial statements to assess monthly obligations accurately.
How Has the London Ontario Condo Market Changed Over Time?
- : Long-term resale appreciation averaged 12.8% annually, establishing strong historical growth trajectories.
- : Ten-year rental appreciation reached 6.8% annually, with current average rents at $1,551.
- : Metro London home values trended downward, shifting market dynamics toward buyer advantage.
- : Average condo apartment prices reached $349,632, representing significant adjustment from peak valuations.
- : Market characterized as moderate-risk with stabilized vacancy rates at 3.8%.
What Do We Know for Certain About the London Condo Market?
| Verified Market Data | Information Requiring Clarification |
|---|---|
| February 2026 pricing statistics ($349,632 average) | Exact condo fee averages by neighborhood |
| Inventory counts (553–595+ active listings) | CMHC insurance requirement specifics |
| 3.8% vacancy rate confirmation | LSTAR detailed statistical breakdowns |
| Specific address examples in all quadrants | New developments currently under construction |
| 10-year historical appreciation rates (12.8%) | Future interest rate impact projections |
What Factors Are Shaping London’s Condo Market?
Mortgage rates have eased from their absolute peak but remain elevated compared to the 2010–2020 historical average, continuing to compress buyer budgets and suppress price growth. This borrowing cost environment drives the current buyer’s market conditions, forcing sellers to adjust expectations downward.
The market also functions within a university city context, sustaining underlying rental demand despite ownership price fluctuations. This demographic stability supports the 3.8% vacancy rate and provides investment floor pricing for income-focused buyers. When evaluating overall housing affordability, prospective purchasers should also consider broader household expenses including schedules such as the Carbon Tax Rebate Dates 2025 – Final Schedule by Province to accurately project annual housing costs.
What Sources Inform This Market Analysis?
“As of February 2026, the average condo apartment price was $349,632, representing a significant decrease from previous years. Overall average home prices across all property types in London stood at $622,414 in February 2026, down 3.9% year-over-year and 0.3% from the previous month.”
— WOWA London Housing Market Report
“Metro London home values have been trending downward over the past year, with the market characterized as a moderate-risk real estate market.”
“Long-term resale appreciation averaged 12.8% annually over the past decade. The average rental appreciation rate for London has been 6.8% annually over the past 10 years, with average rental rates at $1,551.”
What Should Buyers Remember About London’s Condo Market?
London’s condominium market currently offers buyers significant leverage through 550+ available listings and pricing that has corrected substantially from recent peaks. The average apartment-style unit now trades near $350,000, with two-bedroom options accessible under $500,000 across all quadrants. However, buyers must conduct independent verification of condo fees, specific amenities, and pet policies, as comprehensive building-level data remains fragmented. Consulting local real estate professionals remains essential for navigating transaction specifics and regulatory requirements.
Common Questions About Buying Condos in London Ontario
How to find affordable condos in London Ontario?
Focus on London East and South quadrants where entry-level units start near $289,900. Filter searches specifically for 2-bedroom units under $500,000, which remain readily available across multiple platforms.
Are there new condo developments in London Ontario?
Current search results do not provide specific information about new developments currently under construction. Buyers seeking pre-construction opportunities should consult directly with local developers or specialized real estate agents.
What are condo fees like in London Ontario?
Detailed average condo fee breakdowns by neighborhood remain unavailable. Monthly fees vary significantly by building age, amenities, and reserve fund requirements. Request current status certificates for specific fee structures.
Is the London Ontario condo market a good investment?
The market shows moderate-risk characteristics with a 3.8% vacancy rate and historical 12.8% annual appreciation over the past decade. Current downward price trends may present entry opportunities for long-term holders.
What features do condos in London Ontario offer?
Common features include parking options, gas fireplaces, open-concept layouts, and unit sizes ranging from 900 to 1,999 square feet. Pet-friendly units appear in specific listings with varying building policies.
How has the condo market in London Ontario changed recently?
The market experienced downward price pressure over the past year, with February 2026 condo apartment prices averaging $349,632. This represents a significant adjustment from previous peak valuations.
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