How Much Home Can You Afford in London?

London pairs university-town stability with prices well under the Greater Toronto Area, which has made it a magnet for first-time buyers, remote workers and investors over the past few years. Buyers pay Ontario's provincial land transfer tax only, and first-timers can claim the rebate of up to $4,000 — often enough to cover most or all of the tax at London's price level.

Western University and Fanshawe College anchor a deep student rental market, supporting investor demand around the campuses and downtown. Families tend to look north and northwest for newer subdivisions. Because London prices are moderate, more buyers qualify comfortably under the stress test here than in the GTA — but the qualifying rate still applies, so confirm your maximum with the calculator above before making an offer.