May Market Update For April 2026 | London, Ontario Real Estate
April 2026's final numbers are in — and they tell the story of a London Ontario market that is picking up real momentum heading into the traditionally strongest selling months of the year. Sales are up, days on market are tightening, and the spring energy that was building through Q1 has clearly arrived. Here is the complete breakdown for buyers and sellers planning their next move.
Ryan Hodge delivers the full May 2026 market update covering London Ontario's April 2026 real estate data — including what the numbers mean for buyers entering the spring market and sellers deciding whether now is the right time to list.
Source: LSTAR (London & St. Thomas Association of Realtors), April 2026. All figures are approximate.
April 2026 London Ontario Market Overview: Spring Momentum Confirmed
April 2026 delivered the strongest month of sales activity in London Ontario since the spring of 2022. According to LSTAR (London & St. Thomas Association of Realtors), 712 residential units sold across the district in April — an 11.2% year-over-year increase and the fourth consecutive month of improving sales volumes in 2026. The average sale price reached approximately $623,000, up 2.8% compared to April 2025.
Perhaps the most telling indicator was the sales-to-new-listings ratio, which climbed to approximately 53% in April 2026 — up from 48% in March and the highest reading since early 2022, per LSTAR. A ratio above 50% signals that demand is beginning to absorb available supply more efficiently, pushing the market from balanced toward seller-favourable conditions in the most in-demand price segments. New listings rose 5.8% year-over-year to approximately 1,341 — healthy supply growth that is keeping the market balanced without flooding it.
The spring 2026 data confirms what we have been watching build since January: buyers who sat out 2023 and 2024 are moving. The rate environment is the most supportive it has been in three years, and the properties that are priced correctly — with professional presentation and a clear value story — are finding buyers faster than at any point since the peak.
April was the month the spring market stopped being a theory and started being a fact. The buyers are here, the financing is available, and the sellers who prepared are seeing it in real time. This is a window that rewards being ready.
— Ryan Hodge, Broker & Owner | The Realty Firm Inc., BrokerageSales Volume, Inventory, and Market Balance in April 2026
The 712 sales recorded by LSTAR in April 2026 represent the strongest April since 2022 and sit 11.2% above the same month last year. Year-to-date through April, total London area sales are running approximately 9% ahead of the same period in 2025 — a meaningful shift that reflects the cumulative effect of the Bank of Canada's rate reductions on buyer confidence and qualifying power.
Active listings at the end of April 2026 sat at approximately 1,880 units — up modestly year-over-year but well below the 2,400+ levels that characterized the buyer's market of late 2022 and 2023. Months of inventory — a measure of how long it would take to sell all active listings at the current pace — stood at approximately 2.6 months in April 2026, per LSTAR data. A balanced market is typically characterized by 3–4 months of inventory; at 2.6 months, London is functioning in mild seller's market territory in the most active price segments.
Q1–April 2026 Monthly Trend Summary
| Month | Avg. Price | Units Sold | Avg. DOM | Sales-to-List |
|---|---|---|---|---|
| January 2026 | $594,000 | 398 | 46 days | 41% |
| February 2026 | $601,000 | 468 | 41 days | 44% |
| March 2026 | $609,000 | 544 | 37 days | 48% |
| April 2026 | $623,000 | 712 | 29 days | 53% |
Source: LSTAR monthly market reports, January–April 2026. All figures approximate.
Average Prices by Property Type — April 2026 London Ontario
Price growth in April 2026 was positive across all residential property types, per LSTAR data, with semi-detached and townhome segments showing particularly strong year-over-year performance as first-time buyers and downsizers compete for properties in the $500,000–$600,000 range — the sweet spot that the Bank of Canada's rate cuts have made newly accessible to a broader pool of qualified buyers.
| Property Type | April 2026 | April 2025 | Year-over-Year | Avg. DOM |
|---|---|---|---|---|
| Detached | $692,000 | $668,000 | ▲ 3.6% | 24 days |
| Semi-Detached | $568,000 | $545,000 | ▲ 4.2% | 21 days |
| Townhouse / Row | $535,000 | $518,000 | ▲ 3.3% | 26 days |
| Condominium Apt. | $418,000 | $408,000 | ▲ 2.5% | 38 days |
| All Residential | $623,000 | $606,500 | ▲ 2.8% | 29 days |
Source: LSTAR April 2026 market report. All figures approximate.
Neighbourhood Performance Spotlight — April 2026
Activity in April 2026 was broadly spread across London's communities, with the strongest demand concentrated in established family neighbourhoods in the $600,000–$800,000 price range. Value-oriented east and central London corridors saw notable activity from first-time buyers, while the upper-tier west-end market was more measured. For a full breakdown of each community, visit the London Ontario neighbourhood guides.
Tightest DOM of any London community in April. Entry-level detached under $750K seeing multiple-offer scenarios. Inventory critically low.
Premium southwest enclave holding value well. Move-up buyers active. Well-presented listings are attracting strong conditional offers.
Top YoY appreciation again. Gentrification momentum intact; investor and first-timer demand converging on the same listings.
Condos and townhomes driving volume. Western University proximity keeps rental demand high; investor activity up year-over-year.
New development activity drawing families. Priced correctly, this corridor is seeing clean offers without extended negotiation periods.
Fanshawe College corridor attracting first-timers and investors. Third-best YoY price gain in April. Value segment outperforming.
The Rate Environment and Economic Context Behind April's Numbers
The Bank of Canada held its policy rate at 2.75% at its April 2026 meeting — unchanged from March — providing the rate stability that has been central to the spring market's recovery. The Bank of Canada's April 2026 Monetary Policy Report struck a cautiously optimistic tone on domestic inflation, which had returned within the 1–3% target band, while flagging external trade uncertainty — specifically US tariff policy — as the primary risk to the Canadian economic outlook.
For London Ontario specifically, the Bank of Canada's rate trajectory matters directly: at 2.75%, a buyer qualifying for a $600,000 mortgage at the stress test rate faces a payment scenario that is approximately $1,100/month lower than it was at the 5.0% peak of mid-2023. That affordability restoration is the primary engine driving the sales recovery visible in April's data.
CREA's spring 2026 forecast maintained its projection of 4–6% national average price appreciation for the full year, with Ontario expected to track near the upper end of that range. Statistics Canada's most recent population estimates continue to show net in-migration into London from higher-cost Ontario cities, supporting medium-term demand fundamentals independent of the rate cycle.
The Renewal Wave Is Still Creating Motivated Sellers
The Bank of Canada estimates approximately 2.9 million Canadian mortgages are scheduled for renewal across 2026 and 2027. While the rate cuts have materially reduced the renewal shock compared to 2023, borrowers moving from sub-2% fixed rates to current variable or fixed-rate products still face meaningfully higher payments. This dynamic continues to generate motivated sellers in the London market — representing genuine buying opportunities for prepared, pre-approved buyers. For more context on navigating this situation, see our full guide: what to do if you bought at the peak of the London Ontario market.
What April 2026's Data Means for London Ontario Buyers and Sellers Right Now
For Buyers: Act on the Spring Window
The 53% sales-to-new-listings ratio in April 2026 means the inventory buffer that buyers enjoyed in 2023 and early 2024 is narrowing. The window of maximum buyer leverage is behind us, but well-prepared buyers can still find opportunity — particularly in the condo and townhome segments, in communities undergoing price appreciation like Old East Village, and for properties that have sat 30+ days due to overpricing rather than underlying issues.
- Get pre-approved now — the sub-$700K detached segment is seeing multiple offers in Hyde Park, Byron, and Masonville. Conditional-capable buyers with firm financing have a meaningful advantage.
- Use the London Ontario mortgage calculator to model your maximum comfortable payment at current stress test rates before you start seriously bidding.
- Set up a London Ontario new listing alert — April's 29-day average DOM means fresh listings move before buyers relying on weekly MLS checks even see them.
- Consider condominiums and townhomes in the $415K–$535K range — these segments have the strongest affordability profile and are seeing the most first-time buyer competition, indicating genuine demand floors.
For Sellers: The Spring Window Is Open — Price It Right
April 2026 is the strongest sellers' market environment in London Ontario since early 2022. The conditions for a well-prepared, accurately priced listing are genuinely good. But the market is not forgiving of overpricing — the spread between correctly priced homes (averaging 29 DOM) and overpriced ones (routinely 60–90+ DOM) is wider than it appears in the headline averages.
- Book a free London Ontario home evaluation based on April 2026 comparable sales — not Q3 2025 data, which will produce a meaningfully different number.
- Prepare the home before you list. Professional photography and strategic decluttering consistently return more than their cost in final sale price in the current market.
- List in May or early June. Historically, London's spring selling season peaks in late April and May. July and August see a consistent seasonal slowdown in buyer activity.
- Price at or within 2% of true market value from day one. In a 53% sales-to-list market, correctly priced homes are finding buyers in under 3 weeks. Overpriced homes are not.
Every market update is really a conversation about timing. April's numbers tell us that the sellers who move now — in May and June — will find the best buyers this year. Fall may be fine, but the spring window historically delivers faster results and stronger offers. The data in April 2026 makes that case clearly.
— Sandra Tavares, Broker of Record | The Realty Firm Inc., BrokerageFrequently Asked Questions
What did the London Ontario real estate market do in April 2026?
April 2026 was a positive month for the London Ontario real estate market. According to LSTAR (London & St. Thomas Association of Realtors), approximately 712 residential properties sold across the London and St. Thomas district — a year-over-year increase of roughly 11% compared to April 2025. The average sale price reached approximately $623,000, up about 2.8% year-over-year, while the average days on market improved to approximately 29 days. Active listings rose modestly, keeping the market in balanced-to-slight-seller territory in the entry and mid-price segments.
Is the London Ontario housing market improving in 2026?
Yes — the London Ontario housing market has shown consistent sequential improvement through the first four months of 2026. Sales volumes have risen each month from January through April 2026 per LSTAR data, average prices have ticked upward gradually, and days on market have shortened meaningfully compared to the correction period of 2022–2023. The Bank of Canada's policy rate holding at 2.75% has provided the rate stability that was needed to bring buyers back with confidence. CREA's 2026 national forecast projects 4–6% price appreciation nationally, with London expected to track in line with that range.
What is the average home price in London Ontario as of April 2026?
The average residential sale price in London, Ontario for April 2026 was approximately $623,000, according to LSTAR. This breaks down by property type as approximately $692,000 for detached homes, $568,000 for semi-detached, $535,000 for townhomes/row houses, and $418,000 for condominium apartments. All property types showed modest year-over-year price gains compared to April 2025, consistent with a market in gradual recovery following the 2022–2023 correction.
Should I list my home now or wait until summer in London Ontario?
The spring window — April through June — remains the strongest selling season historically in London Ontario, and April 2026 data confirms that buyer activity is at its best level since 2022. Listing in May 2026 puts your home in front of the largest pool of active, motivated buyers before the summer slowdown that typically begins in late July. Sellers who wait until fall will face reduced buyer activity and typically more competition from other re-listed properties. If your home is ready and properly priced, the current window is one of the best in several years.
How does April 2026 compare to the London Ontario market peak in 2022?
April 2026 represents a meaningful recovery from the correction lows of 2023, but remains well below the 2022 peak. At the peak in February 2022, London Ontario average prices reached approximately $825,000 per LSTAR data — compared to approximately $623,000 in April 2026, a gap of roughly 24%. Sales volumes and days on market in April 2026 are also more moderate than the frenzied conditions of early 2022. The current market is healthier and more sustainable than the peak, and CREA's projections suggest continued gradual price appreciation through the remainder of 2026.
What are the biggest risks to the London Ontario real estate market in 2026?
The Bank of Canada's April 2026 Monetary Policy Report identified US-Canada trade policy uncertainty and potential tariff impacts as the primary downside risk to the Canadian economy in 2026. If tariff-related economic weakness materializes fully, it could weigh on employment and consumer confidence in Ontario, slowing the housing recovery. The ongoing mortgage renewal cycle — with approximately 2.9 million Canadian mortgages renewing in 2026–2027 per Bank of Canada estimates — also continues to generate some forced seller activity. Persistently low housing supply relative to population growth remains a structural floor beneath London prices over the medium term.
The Spring 2026 Market Is Moving — Is Your Plan Ready?
April's numbers confirm this is one of the best windows for both buyers and sellers in London Ontario since 2022. Ryan & Sandra are ready to put the April 2026 data to work for you.
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