How Much Home Can You Afford in London?

London, Ontario combines university-town stability with prices well under the GTA, attracting first-time buyers and investors alike.

Average price is a 2026 estimate for illustration · Last updated: May 2026

Your Finances
Enter your household income and down payment

Estimated London property tax: $720/mo on the average home. Stress-tested at 6.49%.

What You Can Afford
In London, ON

Maximum purchase price

$693,701
Maximum mortgage$593,701
London average home$640,000
Payment on average home$2,998/mo
Land transfer tax (avg home)$9,275

Buying in London: What to Know

1

Provincial LTT applies.

2

Affordable Southwestern Ontario market.

3

Strong rental demand from students.

Average Home Price
$640,000

2026 estimate

Property Tax Rate
1.35%

≈ $8,640/yr

Land Transfer Tax
$9,275

On the average home

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