Property Prices in London, Canada

Index Info
Price to Income Ratio: 6.37
Mortgage as Percentage of Income: 55.73%
Loan Affordability Index: 1.79
Price to Rent Ratio - City Centre: 11.18
Price to Rent Ratio - Outside of Centre: 11.66
Gross Rental Yield (City Centre): 8.94%
Gross Rental Yield (Outside of Centre): 8.58%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,962.05 C$ 1,500.00-4,053.89
Apartment (1 bedroom) Outside of Centre 1,744.46 C$ 1,300.00-3,132.55
Apartment (3 bedrooms) in City Centre 3,560.61 C$ 2,500.00-6,265.10
Apartment (3 bedrooms) Outside of Centre 2,706.68 C$ 2,000.00-4,606.69
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 446.29 C$ 360.00-603.86
Price per Square Feet to Buy Apartment Outside of Centre 386.64 C$ 339.84-500.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,516.54 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.21 4.45-6.90

These data are based on 123 entries from 27 contributors over the past 18 months.
Last update: 12 June 2025

Sources and References
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