Ontario

London Land Market Report 2025 — Prices, Cap Rates & Trends

In the London land market, the median recorded sale price is $3,262,424, across 94 recorded transactions, between 2021-10-22 to 2025-12-24.

Analyze a deal

$3.3M

Median sale price

Recorded transactions

-37.9%

YoY change in median

Price distribution

Where London land sale prices sat across 94 recorded transactions.

Median sale price by year

4 of 5 years in the window carried enough recorded sales to plot a median for London land.

Recorded transaction volume by year

Year	Recorded transactions
2021	2
2022	29
2023	16
2024	22
2025	25

This market vs. Ontario overall

Metric	London	Ontario
Median sale price	$3,262,424	$2,194,500
25th percentile	$2,000,000	$1,325,000
75th percentile	$7,352,500	$4,750,000
Recorded transactions	94	29,749
Year-over-year change	-37.9%	-5.5%

Asset classes in London

Asset class	Median price	Transactions
Industrial	$2.7M	115
Land	$3.3M	94
Multifamily	$2.2M	198
Office	$2.4M	71
Other	$1.8M	188
Retail	$2.1M	139

Land across Ontario markets

Market	Median price	Transactions
Barrie	$4.4M	95
Belleville	$3.7M	14
Brantford	$4.8M	78
Greater Sudbury	$1.9M	17
Guelph	$4M	52
Hamilton	$3.9M	139
Kingston	$2.2M	24
Kitchener-Cambridge-Waterloo	$4.7M	109
London	$3.3M	94
Oshawa	$2.8M	75
Ottawa	$3.5M	166
Peterborough	$1.6M	13
St. Catharines-Niagara	$2.3M	128
Thunder Bay	$2.8M	6
Toronto	$8.5M	617
Windsor	$1.7M	104

Rental market context

The CMHC Rental Market Survey reports a 4.0% purpose-built rental vacancy rate for London (2025). This is residential rental context, not a commercial metric.

Recent recorded sales

Month	Area	Price band	Type
2025-12	London, ON	$3.0M–$3.5M	Land
2025-12	St. Thomas, ON	$1.0M–$1.5M	Land
2025-11	London, ON	$750K–$1.0M	Land

Municipality, month and price band only.

Common questions

What is the median land sale price in London?

$3,262,424, across 94 recorded transactions in our dataset.

Are London land prices rising or falling?

The median recorded sale price changed -37.9% year over year in the most recent full comparison.

Methodology

This page draws on 94 recorded commercial transactions in London between 2021-10-22 and 2025-12-24, from the EVALUAITE Market Intelligence dataset. A city and asset class is published only once it carries at least 50 recorded transactions.

Too few of these sales reported a cap rate to publish a range, so none is shown. 4 of 5 years carried enough sales to plot a median; the rest report volume only. The year-over-year comparison had enough sales on both sides to compute. CMHC rental context is available for this market.

Prepared by the EVALUAITE Market Intelligence team.