Discovering London

What To Consider When Making London, Ontario Your Next Home

Welcome to London, Ontario! If you’re considering moving to our lovely city, you’re in the right place.

It is always a good idea to research the city you want to live in and know what to expect.  London is a beautiful city that has experienced substantial growth in recent years.  Let’s look into what London offers and what you can expect to pay if you move here. 

London, Ontario, is within easy reach of many of Canada’s prime locations. Its strategic location is unbeatable, just a short two-hour drive from the bustling city of Toronto, the stunning Niagara Falls, or the US-Canadian border. And if you’re a beach lover, the sandy shores of Lake Huron are just an hour away. London’s strategic placement ensures residents can enjoy both urban and natural attractions without straying too far from home.

Though London’s roads aren’t structured in the traditional grid system, which might need to be clarified for newcomers, there’s a reason behind this unique design. It gives the city its charm. While the city has undertaken massive downtown road reconstruction in recent years, the efforts are focused on upgrading the infrastructure. And here’s a heads-up for newcomers: keep an eye out for the city’s numerous train crossings. With over 60 train crossings in the city, being patient or seeking alternative routes is essential. Map apps such as Google Maps or Waze are incredibly helpful in navigating construction and delays.

The city experiences the beauty of all four seasons. Summers can get quite warm, often rising to the 30s (Celsius), with humidity making it feel even hotter. While winter brings snow and chilly temperatures, it’s a paradise for those who love the cold season’s festivities.

Housing & Rental Market

Much like many other cities worldwide, London’s housing market is bustling. Despite the perception of London being a more affordable alternative to places like Toronto or Hamilton, the average home price currently stands above $660,000. It’s always wise to consult with a local realtor, like myself, to get insights into the city’s housing trends. 

Since the rise in inflation rates, London has experienced a drop in home values, but they remain stable in 2023.  Homes generally sell around asking; however, some homes are still being “aggressively” priced to encourage buyers to consider placing an offer.  

Many people come to London to attend school or choose to lease for some time before purchasing.  London has many leasing opportunities, but the demand is also great.   A one-bedroom apartment costs about $1,800 monthly, and a two-bedroom over $2,1,00.  Townhomes rent sits around the $2,400 – $2,800 monthly.  Most leased properties will not include utilities, adding another $100 – $300 to your monthly costs.  

 

If you hope to rent a single detached home, you expect to pay $2,600 Depending on the type of home, location and size, the cost monthly will vary significantly. 

These rents can shift quickly and can be challenging.  The City of London is working with the Federal Government to create more housing with the hopes of reducing the rent increase that we currently see. 

Many landlords have turned to real estate agents to rent properties out to help eliminate those who may not be the best tenants.  Having a knowledgeable and thorough agent to walk you through the leasing process can be incredibly helpful.  

London, Ontario's Community Vibe

The true beauty of London lies in its community. The people are warm, welcoming, and represent diverse cultures and backgrounds. The city is rapidly becoming bike-friendly, with green-painted bike lanes cropping up around downtown and major roads, ensuring safety for cyclists.

Entertainment is never a problem in London. The city boasts a rich theatre scene, including renowned establishments like the Grand Theatre, Palace Theater, and the London Music Hall. Sports enthusiasts head over to Budweiser Gardens and catch a game with the London Knights, a hockey team that has produced many NHL stars. London has even hosted international events, such as the World Figure Skating Championships.

Living in London, Ontario, offers a blend of city life, cultural experiences, and natural beauty. Whether you’re relocating for work, family, or simply looking for a change, London, Ontario, might be the perfect place. As with any move, researching and connecting with locals like myself can help make the transition smoother. Regardless of the pros and cons, the charm and warmth of London will always make you feel at home.

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