The Fastest Growing City In Ontario.

The fastest growing city in Ontario, London, Ontario, is in the Southwestern portion of the Province of Ontario.  This gem of a city is rapidly becoming the place to buy a home and live. 

London has been named the fourth fastest-growing city in Canada behind Kelowna, Chilliwack, and Kamloops, British Columbia.  According to Canada Magazine, London’s growth was 10% between 2016 and 2021, with a population reported in the 2021 census of 543,551 people.  

London is approximately 2 hours from everything amazing.  Two hours from Toronto, two hours from Niagara Falls & Niagara On The Lake, and two hours from the Detroit/Windsor US Border Crossing.  Situated adjacent to 401 Highway, allowing efficient travel and shipping/receiving to various locations makes London an optimal place for new businesses that serve Canada and the United States.

I have been lucky enough to have lived in both Kamloops, British Columbia and Kelowna, British Columbia before I moved to Ontario in 2008.  Both of these communities are known for their friendly atmosphere and welcoming community.  I have to say, the people in London have such a heart for living and loving their community.  Our great city is known for its medical research, manufacturing, and technology.  In addition, London is known for its Universities and Colleges.

Employment Opportunities in London

Following the COVID-19 pandemic, many employers continue to search for staff to fill vacant positions.  London and its surrounding areas are also experiencing a high demand for staff.  We will only see these opportunities grow as employers are coming to the area to open new factories and offices.  Over 5,000 new jobs in food manufacturing, e-commerce and auto manufacturing have been announced this past year in the St. Thomas area alone. A growing economy often leads to a trickle-down effect where housing prices may either remain stable or increase due to rising demand. This growth could also spur development and increase property values in the south end of London.

University of Westen Ontario Mustang Field

Post-secondary education remains a vast community attraction, attracting over 70,000 students to their universities or colleges.  Western University is world-renowned for its medical and dental programs and groundbreaking research.

Fanshawe College continues to be a school of choice for international students looking to come to the country and settle in Canada long-term.  

The city experiences a huge demand for student housing and rentals every September and January.

Given the large number of students arriving in our city, it is no wonder that London has become very attractive to investors looking to build their real estate portfolio and receive a good return on their real estate investment.  Student housing, whether for individual room rentals or single-family units, is continuously in demand with little to no vacancy rates.  

Housing In London

London’s housing prices remain more affordable than those in the Greater Toronto Area and the Golden Horseshoe.  In August 2023, the average housing price in London was approximately $623,500, and in February 2023, the Canadian Real Estate Association (CREA) priced the average single-family home in Canada at $823,842. The average home in Toronto sits around $1,091,300.  Ontario’s housing market has seen exponential growth across the board in the past three years, and purchasing a home can be challenging at best.  Therefore understanding this market and how to be successful is critical. 

I love real estate, and I love helping people!  Do you have questions about the housing market in London or relocating to the area?  

Please reach out and let me know how I can help. Click the links below to connect.

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