Western Ontario
London Real Estate Appraisals
Residential, Commercial & Industrial Property Appraisals in London, Ontario
Independent property appraisals in London and Middlesex County. Our AACI-designated appraisers deliver accurate valuations for residential, commercial, and industrial properties.
London Real Estate Market – Q2 2026
London entered Q2 2026 as a market benefiting from its diverse economic base anchored by Western University, Fanshawe College, London Health Sciences Centre, and a growing technology and financial services sector. The city offers more affordable housing than the GTA while providing access to a full range of urban amenities.
Residential sales in London improved through the spring of 2026, supported by lower borrowing costs and continued demand from students, faculty, healthcare workers, and buyers priced out of the GTA. The city continued to attract young professionals and families.
The London residential market is characterized by significant geographic diversity, with distinct submarkets in the urban core, established residential neighbourhoods, and newer suburban communities.
Commercial and industrial activity in London remained steady through Q2 2026. The industrial market along Veterans Memorial Parkway and in the east end continued to attract manufacturing, logistics, and distribution users.
Residential Real Estate Market in London – Q2 2026
London residential market is one of the most stable in Ontario, supported by Western University, Fanshawe College, and London Health Sciences Centre. The market is characterized by significant geographic diversity, with distinct submarkets in the urban core, established residential neighbourhoods, and newer suburban communities.
Detached homes in London typically trade in the $550,000 to $900,000 range depending on location, size, and condition, while condominiums in the urban core generally fall between $350,000 and $600,000. Newer suburban communities in the north and south ends offer more affordable options.
The London market benefits from Western University and Fanshawe College, which support a significant student population and rental market. Student housing near the universities represents a distinct segment of the market.
New residential development in London has been significant in recent years, with major subdivisions in the north end, south end, and east end providing buyers with a range of options at various price points.
What did Q2 2026 mean for London buyers?
Buyers in London benefited from improved affordability and a more balanced market through the spring of 2026. The city continued to attract buyers from across Ontario, supported by the university, healthcare, and technology employment base. Suburban communities in the north and south ends offered more affordable options for families.
London Q2 2026 Residential Market Snapshot
| Indicator | Q2 2026 Quarter-End |
|---|---|
| Market area | London / Middlesex County |
| Detached range | $550K to $900K |
| Condo range (urban core) | $350K to $600K |
| Suburban detached range | $500K to $800K |
| Market condition (Q2 2026) | Balanced |
REX Valuations market analysis; London and St. Thomas Association of Realtors data, Q2 2026.
Residential Neighbourhoods in London
London contains a range of housing markets, and values can differ materially across relatively short distances.
Downtown London
Downtown London along Dundas Street has a vibrant mix of restaurants, boutiques, and cultural venues. Residential properties include older Victorian-era homes and newer condominium developments.
Old North
Old North is a prestigious established neighbourhood north of downtown, with large older homes, tree-lined streets, and proximity to Western University. Properties here command premium values.
Western University Area
The Western University area contains a mix of residential properties and student housing, with demand supported by the university and Fanshawe College.
North End
The north end of London contains newer subdivisions popular with families seeking newer construction and proximity to schools and amenities.
South End
The south end of London contains newer subdivisions and established residential areas, popular with families and professionals.
Commercial Real Estate Market in London – Q2 2026
London commercial market is anchored by the healthcare and education sectors, with Western University, Fanshawe College, and London Health Sciences Centre representing significant institutional demand. Industrial activity along Veterans Memorial Parkway and in the east end continues to attract manufacturing, logistics, and distribution users.
The technology and financial services sectors are growing drivers of office demand in London, with companies such as Trojan Technologies, 3M, and various financial institutions maintaining significant operations in the city.
Industrial activity in London is concentrated along Veterans Memorial Parkway, in the east end industrial area, and in the London Business Park.
Industrial Property in London
London industrial inventory is concentrated along Veterans Memorial Parkway, in the east end industrial area, and in the London Business Park. The city has a diverse industrial base including manufacturing, logistics, and distribution.
Industrial buildings in London range from older multi-tenant units to newer single-tenant distribution centres. Ceiling heights, truck-level and drive-in doors, and proximity to Highway 401 and Highway 402 are key valuation variables.
Q2 2026 saw continued demand for industrial space in London from logistics, distribution, and manufacturing users. Land values for industrial-designated sites remained firm.
Valuation of industrial properties in London relies on analysis of comparable sales and lease transactions in the London industrial market, with adjustments for size, age, clear height, and site characteristics.
Key industrial valuation factors
- Highway 401 and Highway 402 access
- Veterans Memorial Parkway location
- Clear ceiling height
- Truck-level and drive-in door count
- Bay size and column spacing
- Office percentage
- Lot coverage and yard area
- Power supply (amps/volts)
- Age and condition of building
- Zoning and permitted uses
Office and Commercial Property in London
Office space in London is concentrated in the downtown core and along Richmond Street, serving the healthcare, education, technology, financial services, and government sectors.
Western University and London Health Sciences Centre are major drivers of office and institutional space demand in London. The technology and financial services sectors are growing drivers of office demand.
Retail and Mixed-Use Property in London
Retail activity in London is concentrated in the downtown core along Dundas Street, in Masonville Place and White Oaks Mall, and in community shopping centres throughout the city.
Retail values are influenced by traffic counts, visibility, parking, and the strength of anchor tenants. The London retail market serves both the local population and the university community.
What Drives Real Estate Values in London?
London economy is anchored by healthcare, education, manufacturing, technology, and financial services. Western University, Fanshawe College, and London Health Sciences Centre are among the largest employers.
Education and Healthcare
Western University, Fanshawe College, and London Health Sciences Centre are among the largest employers in London, supporting a significant student and healthcare worker population. These institutions provide a stable floor under residential and commercial real estate demand.
Manufacturing and Technology
Manufacturing and technology are significant employment sectors in London, with major employers including 3M, Trojan Technologies, and various financial institutions. The industrial sector along Veterans Memorial Parkway supports significant manufacturing and logistics employment.
Financial services, retail, government, construction, and insurance also contribute to the London employment base.
Major Commercial and Employment Areas in London
Western University Campus
The Western University campus is a major employment and educational area in London, supporting demand for student housing, retail, and commercial uses in the surrounding area.
Veterans Memorial Parkway Industrial
The Veterans Memorial Parkway industrial corridor contains significant manufacturing, warehousing, and distribution inventory with access to Highway 401 and Highway 402.
Downtown London
Downtown London along Dundas Street contains retail, restaurant, office, and hospitality uses, supported by the local population, university community, and government sector.
Transportation and Accessibility
London is served by Highway 401 and Highway 402, providing access to Toronto to the east, Windsor to the west, and Sarnia to the northwest. The city is approximately 2 hours from Toronto by car.
London International Airport provides air service to major Canadian and US destinations, supporting business travel and cargo operations.
Highway 401 and Highway 402
Highway 401 and Highway 402 provide access to Toronto to the east, Windsor to the west, and Sarnia to the northwest. London is approximately 2 hours from Toronto by car.
London International Airport
London International Airport provides air service to major Canadian and US destinations, supporting business travel and cargo operations.
Development, Planning and Zoning in London
London is governed by the City of London Official Plan, which establishes land use designations, growth boundaries, and policies for residential, commercial, industrial, and greenspace development.
The London Official Plan directs intensification to the downtown core and along transit corridors, supporting condominium and mixed-use development in the urban core.
The city has designated significant employment lands along Veterans Memorial Parkway and in the east end for industrial and logistics development.
What Affects Property Value in London?
There is no single "London price per square foot" that reliably determines market value. A professional appraisal considers the specific competitive market for the property, rather than applying a municipal average to an individual asset.
Residential
- –Proximity to Western University
- –Old North vs. suburban location
- –Age, size, and condition of dwelling
- –Rental income potential (student housing)
- –School catchment area
- –Highway 401 commute access
Commercial & Industrial
- –Highway 401 and 402 access
- –Veterans Memorial Parkway location
- –University and healthcare demand
- –Zoning and permitted uses
- –Building age and condition
- –Parking availability
Vacant & Development Land
- –Employment designation
- –Development potential
- –Servicing availability
- –Frontage and access
- –Environmental constraints
Real Estate Appraisal Services in London
REX Valuations provides appraisal and valuation services for a range of London properties, including commercial, office and industrial properties; residential properties; vacant and development land; investment properties; and specialized real estate.
Assignments may be required for
- Financing
- Acquisition or disposition
- Estate matters
- Matrimonial proceedings
- Litigation support
- Property taxation
- Expropriation
- Insurance
- Investment analysis
- Retrospective valuation
London Real Estate Appraisal – Quick Answers
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