London, Ontario Real Estate Market Update – April 2026
April 2026 confirmed what the early spring numbers were hinting at: the London Ontario real estate market is recovering — methodically, not dramatically. Sales volumes are up, days on market are coming in, and buyer confidence has measurably improved since the Bank of Canada's rate cuts took hold. Here is the full picture, broken down by the numbers that actually matter.
Ryan Hodge and Sandra Tavares review all key London Ontario real estate market statistics for April 2026 — including sales volume, average prices, days on market, inventory levels, and what buyers and sellers should be doing right now.
Source: LSTAR (London & St. Thomas Association of Realtors), April 2026. All figures are approximate.
London Ontario Market Conditions in April 2026: Balanced and Recovering
The London Ontario residential real estate market continued its gradual spring recovery in April 2026, with sales volume rising 8.1% year-over-year and average prices ticking up modestly to approximately $618,000, according to LSTAR (London & St. Thomas Association of Realtors). Both indicators point to an improving market — but one that rewards preparation and realistic pricing rather than the speculative frenzy of 2021–2022.
The sales-to-new-listings ratio — one of the most reliable indicators of supply-demand balance — sat at approximately 48% in April 2026, per LSTAR data. A ratio between 40% and 60% signals a balanced market. Below 40% favours buyers; above 60% favours sellers. At 48%, London is squarely in balanced territory, with conditions leaning slightly toward buyers in higher price segments and slightly toward sellers for well-priced entry-level detached homes.
The data pattern in April 2026 is clear: the London Ontario market is healing from the 2022–2023 correction, but it is not overheating. Buyers who waited through 2024 are now re-entering in meaningful numbers, supported by the Bank of Canada's rate reductions. Sellers who price correctly are being rewarded with solid activity. Those who overprice are watching their listings accumulate days on market in a way that ultimately costs them negotiating position.
Sales Volume, New Listings, and Active Inventory in April 2026
Approximately 612 residential properties sold across the London and St. Thomas area in April 2026, according to LSTAR — representing an 8.1% increase over April 2025 and the third consecutive month of year-over-year sales gains. This trajectory is consistent with the Bank of Canada's policy rate sitting at 2.75% as of early 2026, a full 225 basis points below the 5.0% peak reached in mid-2023, which has meaningfully improved affordability and brought more pre-approved buyers back to the market.
New listings in April 2026 totalled approximately 1,274 — a 4.2% increase year-over-year, per LSTAR. The modest rise in inventory is a healthy sign for the market's long-term sustainability; it gives buyers meaningful choice without flooding the market to the degree that would pressure prices lower. The months of inventory figure — which measures how long it would take to sell all active listings at the current sales pace — sat at approximately 2.1 months in April 2026, still below the 3–4 month level that typically signals a fully neutral market.
Month-Over-Month Trend: January–April 2026
| Month | Avg. Price | Units Sold | Avg. DOM | New Listings |
|---|---|---|---|---|
| January 2026 | $594,000 | 398 | 46 days | 812 |
| February 2026 | $601,000 | 468 | 41 days | 948 |
| March 2026 | $609,000 | 544 | 37 days | 1,108 |
| April 2026 | $618,000 | 612 | 32 days | 1,274 |
Source: LSTAR monthly market reports, January–April 2026. All figures approximate.
April confirmed the trend that's been building all year. Buyers are back, they're better qualified, and they're making decisions with more confidence than we've seen since 2022. The sellers who prepared and priced right are feeling it. The ones who didn't are still waiting.
— Ryan Hodge, Broker & Owner | The Realty Firm Inc., BrokerageLondon Ontario Average Home Prices by Property Type — April 2026
Average prices in April 2026 varied meaningfully across property types, reflecting different buyer demand profiles and inventory levels in each segment. The detached home market continues to see the most activity in the entry-to-mid price range, while the condominium and townhome segments offer more accessible price points that are attracting first-time buyers returning to the market following the Bank of Canada's rate reductions.
| Property Type | Apr 2026 Avg. Price | Apr 2025 Avg. Price | Year-over-Year |
|---|---|---|---|
| Detached | $685,000 | $668,000 | ▲ 2.5% |
| Semi-Detached | $562,000 | $548,000 | ▲ 2.6% |
| Townhouse / Row | $530,000 | $521,000 | ▲ 1.7% |
| Condominium Apt. | $415,000 | $409,000 | ▲ 1.5% |
| All Residential | $618,000 | $606,500 | ▲ 1.9% |
Source: LSTAR April 2026 market report. All figures are approximate averages.
London Ontario Neighbourhood Market Snapshot — April 2026
Market conditions in April 2026 varied by neighbourhood, with the most activity concentrated in London's established family communities and mid-market corridors. The following spotlight highlights key performance indicators across six of London's most active areas, based on LSTAR April transaction data. For a full neighbourhood-by-neighbourhood breakdown, visit the London Ontario neighbourhood guides.
Northwest London's top family destination. Entry-level detached supply remains tight; well-priced listings moving quickly.
Southwest London's most established enclave. Strong demand from move-up buyers. Premium lots and mature streetscapes holding value.
Highest YoY appreciation in April. Gentrification momentum continues; investors and first-time buyers most active segment.
North-central London corridor. Condo and townhome segment active; proximity to Western University driving rental interest.
Steady south London demand. New development attracting families. Slightly longer DOM reflects broader price-point competition.
Value-oriented segment. Investor activity remains elevated. Fanshawe College proximity supporting rental demand and first-time buyer interest.
The Macro Picture: Bank of Canada, Rates, and the Economic Backdrop
The recovery in London Ontario's spring 2026 market cannot be understood without its macro context. The Bank of Canada held its policy rate at 2.75% following its April 2026 meeting — the third consecutive hold after a series of cuts that brought the rate down 225 basis points from the 5.0% peak of July 2023. That stability is translating directly into renewed buyer confidence and improved mortgage qualification room.
The Bank of Canada's April 2026 Monetary Policy Report flagged elevated uncertainty related to US-Canada trade policy and potential tariff impacts as the primary economic risk heading into the second half of 2026. The report noted that while domestic inflation had returned to within the 1–3% target band, external trade risks could weigh on the Canadian economy if they materialize fully. For London Ontario's real estate market, this uncertainty is a reason for cautious optimism rather than either alarm or unchecked enthusiasm.
CREA's 2026 national forecast projects a 4–6% average price increase nationally for the year, with Ontario broadly expected to track in that range. London specifically benefits from its relative affordability advantage over the GTA — a dynamic that Statistics Canada's ongoing population tracking confirms continues to drive net in-migration from higher-cost urban centres.
Watch: Mortgage Renewal Pressure Continues in 2026
The Bank of Canada estimates approximately 2.9 million Canadian mortgages are scheduled for renewal in 2026 and 2027, many of which originated at sub-2% rates. While the Bank's rate cuts have eased the renewal shock considerably from its 2023 peak, borrowers renewing at current rates will still face meaningfully higher monthly payments. This dynamic continues to generate motivated sellers in the London market — and corresponding opportunity for prepared buyers. For more context, see our full guide on what to do if you bought at the peak of the London Ontario market.
What the April 2026 London Ontario Market Data Means for Buyers and Sellers
If You Are Buying in London Ontario Right Now
April's data confirms that the window of maximum buyer advantage that characterized 2023 has closed, but buyers are still in a comparatively strong position in most price segments. The key moves for buyers heading into spring:
- Get pre-approved before you start seriously viewing — the 32-day average DOM means desirable properties are moving, and unconditional-capable buyers with firm financing win more often.
- Focus on well-priced properties in the 30–50 days-on-market range — these have been tested by the market and may offer negotiating room without the stigma of a problematic listing.
- Use the London Ontario mortgage calculator to model multiple rate scenarios before determining your maximum comfortable bid.
- Set up a new listing alert to catch fresh inventory the day it hits — the best properties in the under-$650K segment are still moving quickly.
If You Are Selling in London Ontario Right Now
The spring 2026 market is the most seller-friendly environment since early 2022 — but it rewards discipline and preparation. The sellers who are winning in April 2026 are doing three things correctly:
- Pricing at or within 2–3% of true market value from day one — the days-on-market penalty for overpricing is severe in a balanced market.
- Presenting the home at its best before listing — professional photography, decluttered spaces, and minor cosmetic updates are consistently delivering measurable returns in 2026.
- Getting a current free home evaluation in London Ontario based on real April 2026 comparable sales data — not automated estimates that lag the market by weeks.
The sellers who are frustrated right now are the ones who listed in January with February-2022 expectations. The ones who adjusted to April-2026 reality, priced correctly, and prepared their homes properly — they're closing with confidence. The market is there. It just requires honesty about where we are.
— Sandra Tavares, Broker of Record | The Realty Firm Inc., BrokerageFrequently Asked Questions
Is the London Ontario real estate market a buyer's or seller's market in April 2026?
The London Ontario market in April 2026 is best described as a balanced-to-buyer's market. According to LSTAR data, the sales-to-new-listings ratio sat at approximately 48% in April 2026 — below the 60% threshold that typically signals seller's market conditions. Inventory levels have risen compared to the same period in 2025, giving buyers more choice and negotiating room than they had during the peak years of 2021–2022. Well-priced, well-presented properties in strong neighbourhoods are still attracting solid interest, but overpriced listings are sitting longer.
What was the average home price in London, Ontario in April 2026?
The average residential sale price in London, Ontario for April 2026 was approximately $618,000, according to LSTAR (London & St. Thomas Association of Realtors). This represents a modest increase of roughly 1.9% compared to April 2025, and is part of a gradual stabilization trend following the market correction of 2022–2023. Detached homes averaged approximately $685,000 while townhomes averaged near $530,000 and condominiums averaged approximately $415,000.
How many homes sold in London Ontario in April 2026?
According to LSTAR, approximately 612 residential properties sold in the London and St. Thomas area in April 2026. This represents an increase of approximately 8% compared to April 2025, reflecting improved buyer confidence following the Bank of Canada's rate cuts and the traditionally stronger spring selling season. Sales volume remains below the historic peak months of early 2022, but the trajectory through Q1 and into April 2026 points toward continued gradual recovery.
How long are homes sitting on the market in London Ontario right now?
The average days on market for residential properties in London, Ontario in April 2026 was approximately 32 days, according to LSTAR data. This is a meaningful improvement from the 60+ day averages seen during the correction period of late 2022 through 2023, and reflects the positive impact of the Bank of Canada's rate reductions on buyer activity entering the spring season. Correctly priced detached homes in established neighbourhoods are moving in 14–21 days, while overpriced listings or properties needing significant work are taking considerably longer.
Is now a good time to sell a home in London, Ontario?
Spring 2026 represents a solid window for well-prepared sellers in London, Ontario. Buyer activity has improved meaningfully compared to 2024, inventory remains manageable in most price segments, and the Bank of Canada's rate environment has brought more qualified buyers back into the market. The critical factor in 2026 is accurate pricing — homes priced at or slightly below true market value are generating multiple showings and clean offers, while overpriced listings are accumulating days-on-market that ultimately cost sellers money. A free home evaluation from Ryan & Sandra is the best starting point for any London homeowner considering a sale.
What is the outlook for the London Ontario real estate market through the rest of 2026?
CREA's 2026 forecast projects modest national price appreciation of 4–6% for the year, with London, Ontario expected to track in line with or slightly above that range given its relative affordability compared to the GTA. The Bank of Canada held its policy rate at 2.75% in early 2026, providing rate stability that supports continued buyer re-engagement. Key risks to the positive outlook include potential tariff impacts on the Canadian economy flagged by the Bank of Canada, ongoing affordability constraints for first-time buyers, and the continued wave of mortgage renewals at higher-than-origination rates. Overall, the trajectory through the remainder of 2026 is cautiously optimistic.
Ready to Make Your Move in London Ontario's Spring 2026 Market?
Whether you're buying or selling, Ryan & Sandra's team has the April 2026 data, the local expertise, and the track record to get you to the right outcome.
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