V105 CITY PROFILE · ON

London

Softening + slack rental · baseline updated February 2026.

Benchmark price$625,000↘ 1.2%

Average 2BR rent$1,6514% vacancy

Estimated mortgage$3,249/mobaseline assumption

Population543.6K2021 census baseline

Market scores

Affordability58

Relative purchasing accessibility compared with local incomes.

Rental competition37

Higher scores indicate a tighter rental market.

Investment potential32

Composite yield, growth and market-balance signal.

New construction83

Recent housing construction and permit momentum.

Market activity32

Price movement and buyer-activity conditions.

Buyer demand69

Population, migration and housing-demand pressure.

Housing supply43

How closely housing supply is keeping pace with demand.

Overall score46

Combined market, affordability, supply and demand rating.