London Condo Prices Dip to 4-Year Low — What That Really Means for You

If you've been watching the market—or even if you haven't—you might want to sit up for this one.

Condo prices across Canada just dropped for the fourth month in a row, and the latest numbers show benchmark prices down 0.8% in July 2025 alone. That puts the national average at $490,600, the lowest we've seen since mid-2021.

Now, here's where it hits home: London, Ontario is not immune. While we aren't Toronto or Vancouver, we are feeling the ripple effects—especially in new builds and investment condos.

Let's unpack this with a simple truth:

"Just because it worked a year ago doesn't mean it's working now."

Since the peak in April 2022, national condo prices have fallen over 14%, and London is following suit. We're seeing increased days on market, hesitant buyers, and pre-construction units quietly getting price cuts, incentives, or paused altogether.

💡 What most people don't realize?

Developers are sitting on inventory. Presales are sluggish. Absorption is slow. And in 2026, we're expecting 20,000+ new condo units to flood the Canadian market. That's like adding fuel to a fire that's already struggling to stay lit.

So what does this mean if you're:

✔️ Buying – You may be in the driver's seat right now, but timing your purchase and choosing the right unit is more important than ever. Some buildings are still overpriced based on old hype. Don't fall for shiny finishes without looking at resale data.

✔️ Selling – You can still win—but only if your pricing is strategic. The days of listing high and waiting for someone to bite? Gone. Presentation, positioning, and pricing matter more than ever.

✔️ Investing – This is where it gets interesting. With rents potentially softening and more supply coming, long-term strategy beats quick flips. The question is: Are you buying based on potential, or emotion?

If you're unsure how this shift affects your goals—or if you're thinking about making a move in the next 6–12 months—now is the time to start the conversation.

"The worst time to build a strategy is in the middle of the storm. The best time? Before the clouds roll in."

Let's make sure you're prepared either way.

Helping you make the right move, not just the easy one.