London is southwestern Ontario’s largest city, home to Western University, Fanshawe College and a major hospital network. It offers new homes at prices well below the GTA, which has made it popular with families, retirees and investors. Here’s what to know about buying pre-construction in London.
See all London projects.
Why buy in London?
- Affordability: lower prices than the GTA for new freehold homes.
- Education and healthcare: Western University, Fanshawe College and London Health Sciences Centre.
- Transportation: Highways 401 and 402, VIA Rail and a growing rapid transit network.
- Lifestyle: the Thames River, parks and a lively downtown.
Top areas for new homes
North London: Hyde Park and Sunningdale
Family communities near shopping and the university, including The Gates of Hyde Park and Royal Parks Urban Towns by Foxwood Homes.
Southwest London
Growth areas near Lambeth and Kilworth, including Magnolia Fields by Werrington Homes.
Downtown and near Western
Condo and rental projects close to campus and downtown, including several proposals in planning.
Types of new homes
- Detached and semi-detached homes in suburban communities
- Townhomes and condo towns
- Condos downtown and along major corridors
Buying tips for London
- Investors near campus: compare against purpose-built student housing supply; see the investor guide.
- Check local builders’ track records; see how to choose a developer.
- First-time buyers: London’s price points often sit well within the 2026 HST relief limits; see the rebate guide.
Living in London
London is known as “the Forest City” for its tree-lined streets and parks along the Thames River. Downtown has Budweiser Gardens, the Covent Garden Market and a growing dining scene, while Richmond Row and Old North near Western University are walkable and lively. Suburban communities in the north and southwest offer new homes with parks and schools, and the 401 and 402 provide quick routes to the GTA, Windsor and Sarnia.
What to budget in London
London buyers pay Ontario land transfer tax only, plus City of London development charges on new homes. London’s lower prices mean many new homes fall within the 2026 HST relief limits for eligible buyers. See the rebate guide and closing costs guide.
London’s rapid transit
London is building a rapid transit network with dedicated bus lanes on key corridors, connecting downtown, Western University and other hubs. Homes near future rapid transit routes may benefit from better connections as they open.
Who London suits best
- First-time buyers seeking affordability
- Retirees and downsizers wanting new single-level homes
- Investors targeting university and college demand
- Remote workers who travel to the GTA occasionally
London compared
See our best cities in Ontario guide, or compare with Kitchener and Barrie.
Frequently asked questions
Is London, Ontario cheaper than the GTA?
Generally, yes, especially for new freehold homes.
Is London a good place for investors?
University and college demand supports rentals, but supply has grown, so careful analysis is important.
How far is London from Toronto?
About two hours by car via Highway 401, and VIA Rail runs between the two cities.
Project details and sales status change frequently; confirm with each builder before buying.
