1,348 Property for sale in London listings are price checked
Property value calculations
Do not overpay! With property price calculations you can make better choices when you are looking for your next place to live.
Using artificial intelligence, we analyse property adverts daily from various property portals, saving you time and providing valuable insights.
How we calculate property prices
The estimated market value for properties is calculated by using a proprietary formula that includes detailed information about a home (bedrooms, bathrooms, size and so on), Additionally, location, market dynamics and other key details are extracted from property listings to determine the correct price evaluation.
The precision of the estimates rely on the availibility of data and should serve as guidance rather than absolute certainty.
We remain committed to transparency and providing valuable market insights to our users, by helping them navigate the property market with confidence.
Living in London: A Quick Guide to the Real Estate Market & Neighborhoods
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Market status in London
Our catalog on AllClassifieds offers a comprehensive overview of the real estate sales market status in London (Middlesex, Canada), showcasing the latest trends and offerings. The city features various dwelling types, with houses leading with an average price of $ 1.1 million CAD, an average size of 2,239 sqft, and representing 70.9% of listings. Condos follow with an average price of $ 629,600 CAD, an average size of 1,013 sqft, and 23.3% of listings. Detached houses make up 3.2% of listings, with an average price of $ 880,800 CAD and an average size of 2,173 sqft.
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FAQ
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What are the property taxes in London and are there any other ongoing costs I should consider?
In London, Middlesex, Canada, the residential property tax rate for 2022 was 1.34%. Ongoing costs to consider include utility bills, home insurance, and maintenance fees. For property tax calculations, use London’s online rate tool at london.ca. Always account for yearly tax changes and additional costs tied to specific property types or locations.
What types of upfront costs and fees will I have to pay when purchasing a property in London?
When purchasing a property in the city of London, expect to pay for a down payment, inspection fee, appraisal fee, land transfer tax, and legal fees. These costs vary; for example, land transfer tax can be 0.5%-2% of the property value. Always budget for these additional expenses to avoid surprises. For more details and specific rates, check with local authorities.
How does the London property market compare to ther regions in the Canada?
As of 2023, the average property price in London, Ontario, is approximately $ 634,000 CAD . Comparatively, Toronto's market is significantly higher, with average prices around $ 1,079,500 CAD , while Halifax presents a softer market at about $ 516,000 CAD . London offers a middle-ground in pricing, bridging the gap between major city markets and smaller, less expensive ones.
How competitive is the London property market?
The property market in the city of London, Ontario, demonstrates competitiveness with an average house price of $ 696,644 CAD as of March 2023. Historically, prices witnessed a significant year-over-year increase, reflecting active buyer participation and a tight supply. This makes London a challenging market for potential buyers seeking affordable options. Reference: creastats.crea.ca/board/lond.
