Located in Southern West Ontario, London is Canada’s tenth largest city with a population of 366,000 people and an area of around 162 square miles.
The city is a hub for healthcare and education and is home to the University of Western Ontario, Fanshawe College, as well as a number of hospitals. London has a booming economy which centres on education, research, information technology and insurance.
Many business headquarters are located in London, which creates jobs in various industries and supports a thriving economy.
Its artistic roots run deep too, and the city hosts a number of arts and music festivals throughout the year, which are integral to the tourism industry.
London has a strong British influence, with many spaces in the city named after British towns and attractions.
You’ll find the River Thames, Piccadilly and Oxford, as well as Covent Garden Market, a popular indoor market where you can buy fresh produce, cheese, meat, and artisanal products.
Due to the various changes in elevation across the city and its positioning in relation to Lake Huron, London has a humid continental climate and experiences strong seasonal contrasts. The winters are cold, with temperatures averaging around 8 °C, while in summer temperatures hit mid to high 20’s. The summer climate is fairly hot and humid, and the city is prone to thunderstorms and strong winds from the nearby lakes.
Real estate is affordable compared to other major cities, and there are properties to suit all budgets and preferences.
Although a bustling metropolis, London also has a pleasant and friendly vibe, making it a great city for both professionals and families alike.
Nickname(s): "The Forest City"
Land: 420.57 km2
Urban: 218.04 km2
Metro: 2,665.28 km2
London enjoys a thriving arts scene and hosts many festivals throughout the year, such as the London Fringe Theatre
festival, Rock the Park music festival, the International Food Festival, and Sunfest, Canada’s second largest music festival.
London is also home to Orchestra London, the London Youth Symphony, as well as a number of museums such as Museum London and the popular Museum of Ontario Archaeology.
The city has a strong student presence, with students from the University of Western Ontario and Fanshawe College making up around a third of North London’s population.
There is a huge emphasis on greenery in London, with a number of public parks interspersed around the city. Victoria Park is one of the city’s most famous, attracting over 1 million visitors yearly.
London also has a great nightlife scene, with Richmond Row being one of the city’s most popular areas for vibrant bars and restaurants.
London is home to a number of sports teams, including Ice Hockey team London Knights, and NBL Canada team London Lightening.
London, Ontario has a number of areas and the neighbourhoods are generally split into Central and Downtown, North and South.
The area is primarily focused on entertainment, retail and business and is made up of highrise condominiums and apartments and a small number of detached properties.
Areas within Central London include Woodfield, SoHo, and Downtown. Homeownership levels are generally low at around 25% and appeal to young professionals and couples.
Made up of 7 neighbourhoods with a high percentage of homeowners, North East London includes areas such as
Huron Heights, North London
North East London is known for its variation of houses, with a mix of old and new building styles, green spaces, schools and large land lots.
The Fanshawe Conservation Area and London International Airport are also located in North East London.
There are 9 neighbourhoods in North West London and the area is considered to be fairly affluent based on average income stats.
A large majority of residents are homeowners, particularly in River Bend, Hyde Park and Fox Hollow, where homeownership exceeds 96%. Areas of North West London include Medway, Oakridge and West London, each with a large population of over 16,000.
The Museum of Ontario Archaeology and the Canada Games Aquatic Centre are also located in this district.
With 11 neighbourhoods, South East London has easy access to Downtown and is home to the picturesque Westminster Ponds.
South East generally comprises everything that falls south of the Thames and east of Wellington road.
Areas include Westminster, Summerside and East London with areas such as Argyle, Hamilton Road, Westminster and Glen Cairn each housing over 11,000 residents.
South West London is more spread out than other areas and is made up of 12 neighbourhoods.
Areas include Highland, Southcrest, South London, Westmount and White Oaks, as well as Lambeth which is further far from the district’s other neighbourhoods.
Much of South West London is built around green space and parks, such as Springbank Park.
London has a strong real estate market and the city has fully recovered from the economic slowdown in 2007.
Housing options are affordable compared to other major cities such as Vancouver and Toronto and include heritage properties, new condominiums, bungalows and single detached homes situated in both bustling suburban communities and quaint villages.
The housing market is continually growing and is expected to increase over the next few years due to job growth, affordability, high employment rates and influxes of migrants to the city.
The market is fairly balanced and the 25-35 population are expected to positively impact the housing market.
Housing prices are on the rise, yet mortgages are set to continue to be available to many, and forecasts predict strong growth due to job growth and economic stability.
Demand has also increased for apartment rentals, as they offer a huge convenience factor and are usually located close to the city core and its facilities.
Young professionals and migrants between the ages of 25-35 are generally unable to afford single detached homes and are more likely to purchase resale homes or condominium apartments.
However, demand for single detached homes is supported by the older market.
The thriving economy and strong employment rates will continue to support first time buyers.
|Home Style||Units Sold||Average Price|
|High rise apt. condo||46||$183,666|
The following table, based on data taken from the Canadian Real Estate Association (CREA’s) National MLS® Report for April 2016 (the latest information available), demonstrates how homes in LSTAR’s jurisdiction continue to maintain their affordability compared to other major Ontario and Canadian centers.
London has a number of well known educational institutions, and the system is divided into elementary education, secondary education, and post secondary education.
The city’s public schools are governed by four school boards – secular English and secular French, and Catholic English and Catholic French and there are over 20 private schools around the municipality.
Public schools are free and funded by the government, and the schools boast a high graduation rate. London Central Secondary School, Ontario’s highest ranking academic school, is also located in the city, as well as The University of Western Ontario and Fanshawe College. Neighbourhoods such as Byron, Westmount, Stoneybrook, Southcrest, and Summerside are popular neighbourhoods for families due to housing affordability, larger houses and land lots, and access to schools.