London
Ontario
Statistics Canada geography code 3539036 · census subdivision
MARKET SCORE
Model CS-MI-1.0 · calculated 2026-09-30
Market snapshot
Average rent
$1,651
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Source: Canada Mortgage and Housing Corporation
Confidence: high
Rental vacancy rate
4%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Source: Canada Mortgage and Housing Corporation
Confidence: high
Population trend
+17.2% 2013–2022 · CalculatedSource: Table 17-10-0142-01 — Population estimates, July 1, by census subdivision (vector 1138981266) · published 2023-01-11
What drives this market?
These weightings are an interpretation of the local economy, not a measurement. They are shown to explain what appears to support rental demand here — treat them differently from the sourced statistics above.
- Health Care26% of local drivers
London Health Sciences Centre and St. Joseph's Health Care London are the city's largest employers and make it the tertiary referral centre for southwestern Ontario.
- Education22% of local drivers
Western University and Fanshawe College together enrol over 60,000 students and rank among the largest employers in the region.
- Manufacturing18% of local drivers
Food processing and automotive parts production, including Dr. Oetker, Nestlé and a cluster of tier-one auto suppliers.
- Construction12% of local drivers
Residential construction responding to sustained migration from the Greater Toronto Area.
- Government12% of local drivers
Municipal and provincial administration serving a metropolitan population above 540,000.
- Transportation10% of local drivers
Position on the Highway 401 corridor between Toronto and Windsor supports regional distribution.
Rental market
Average rent
$1,651
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Vacancy rate
4%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
All data for this market
| Metric | Period | Value | Type | Confidence | Source |
|---|---|---|---|---|---|
| average rent | — | $1,651 | observed | high | Canada Mortgage and Housing Corporation |
| population | 2022 | 448,051 | observed | high | Statistics Canada |
| population | 2021 | 434,783 | observed | high | Statistics Canada |
| population | 2020 | 430,375 | observed | high | Statistics Canada |
| population | 2019 | 423,605 | observed | high | Statistics Canada |
| population | 2018 | 415,106 | observed | high | Statistics Canada |
| population | 2017 | 404,875 | observed | high | Statistics Canada |
| population | 2016 | 395,751 | observed | high | Statistics Canada |
| population | 2015 | 388,940 | observed | high | Statistics Canada |
| population | 2014 | 385,492 | observed | high | Statistics Canada |
| population | 2013 | 382,449 | observed | high | Statistics Canada |
| rent change pct | — | 4.1% | observed | high | Canada Mortgage and Housing Corporation |
| unemployment rate | 2024 | 6.6% | observed | high | Statistics Canada |
| unemployment rate | 2023 | 5.3% | observed | high | Statistics Canada |
| unemployment rate | 2022 | 5.7% | observed | high | Statistics Canada |
| unemployment rate | 2021 | 7.9% | observed | high | Statistics Canada |
| unemployment rate | 2020 | 8.7% | observed | high | Statistics Canada |
| unemployment rate | 2019 | 5.7% | observed | high | Statistics Canada |
| unemployment rate | 2018 | 5.7% | observed | high | Statistics Canada |
| unemployment rate | 2017 | 6.3% | observed | high | Statistics Canada |
| vacancy rate | — | 4% | observed | high | Canada Mortgage and Housing Corporation |
Rows showing Data unavailable are recorded deliberately, with the reason, rather than omitted — so you can tell the difference between a figure that is zero and one we simply do not have.