London’s luxury housing market has remained grounded by sound fundamentals, with steady demand, improving inventory levels and modest sales growth contributing to a healthy upper-end market in 2026. Approximately 120 homes sold above the $1.1-million price point in the first four months of the year, compared with 117 sales during the same period in 2025. Activity has gained momentum in recent weeks as the spring market has finally emerged, while a growing supply of listings has provided buyers with greater choice.
Luxury demand remains grounded
An inventory increase has provided luxury buyers with more choice, particularly at higher price points where selection has improved. The uptick in listings has reinforced the importance of value in today’s market. Properties that are turnkey, well-located, and priced appropriately have continued to attract strong interest, while those perceived as overpriced can take longer to sell.
Most luxury activity has remained concentrated at the entry point to the segment. Between January and April 2026, 73 sales occurred between $1.1 million and $1.5 million, while just 16 properties changed hands above the $2 million mark. Demand has remained strongest in London’s north end, including Sunningdale and Fox Hollow, where larger executive homes have continued to attract affluent purchasers. Nearby communities such as Kilworth have also remained popular, offering newer luxury product at competitive price points. In the southwest, Talbot Village has drawn strong interest from move-up buyers seeking established neighbourhoods and family-oriented amenities.
Local professionals anchor the market
Unlike some larger urban centres in Canada where luxury activity is more heavily influenced by investor and international demand, London’s upper-end market has been driven primarily by local purchasers. Healthcare professionals, academics, business owners and senior executives have accounted for much of the activity, reflecting the city’s strong institutional foundation and diversified employment base.
Outlook supported by economic fundamentals
London’s enduring appeal lies in its stability and economic diversity. While uncertainty has continued to influence consumer confidence across Ontario, the city has benefitted from a well-established economic foundation anchored by healthcare, education, research and advanced manufacturing. Major employers, including Western University and London Health Sciences Centre, have continued to support employment and attract skilled workers to the region.
The city has also experienced steady population growth in recent years, helping to sustain long-term housing demand. Continued investment in advanced manufacturing, agri-food processing and technology-related industries has further broadened London’s economic base and enhanced its resilience. As interest rates stabilize and inventory levels improve, healthy underpinnings should help support increased activity throughout the housing continuum, including the luxury segment.
