Toronto Residents Are Moving to Cities Like London—Here's Why

Toronto was once North America's fastest-growing metropolitan area. Now? It's dropped to 412th out of 435 metro areas in Canada and the U.S. for population growth. That's a stunning reversal—and a trend that's been reshaping cities like London, Ontario for years.

The Numbers Tell the Story

According to recent data from Toronto Metropolitan University, Toronto still ranks 5th in North America for international migration. People from around the world continue to choose Canada's largest city as their destination.

But here's the catch: those gains are being completely offset by domestic out-migration. More Canadians are leaving the GTA for other parts of the country than moving in. The result? Toronto's population growth has essentially flatlined.

Researchers point to one major factor: housing affordability. When the average home price in the GTA hovers well above $1 million, families start looking elsewhere.

London Has Been a Major Beneficiary

If you've bought or sold a home in London over the past five years, you've probably noticed the shift. Buyers relocating from the GTA have become a significant part of our market.

And it makes sense. A detached family home in neighbourhoods like Oakridge, Westmount, or Lambeth might sell in the $600,000 to $850,000 range—significantly more affordable than comparable properties in Mississauga, Oakville, or Toronto proper. For families who can work remotely or commute occasionally, that trade-off is increasingly attractive.

The appeal goes beyond price. London offers excellent schools, beautiful green spaces like Springbank Park along the Thames River, and a genuine sense of community in neighbourhoods like Old North and Wortley Village. Add in the cultural amenities, proximity to Western University and Fanshawe College, and easy access to Highway 401, and it's no wonder people are making the move.

What This Means for London's Market

This migration trend has been one of the key drivers of price appreciation in London over the past several years. More demand—particularly from buyers with GTA equity—has pushed prices upward and increased competition for well-located properties.

For sellers, this has generally been good news. Homes in desirable neighbourhoods continue to attract strong interest, particularly those that offer the space, features, and lifestyle that GTA transplants are seeking.

For buyers, it means being prepared. The most desirable properties—think a renovated family home near Byron Northview Public School or a character home in Wortley Village—can still move quickly when priced well.

Is This Trend Sustainable?

That's the million-dollar question. Immigration levels are expected to moderate somewhat, which could slow the flow of newcomers to Toronto. But domestic migration patterns are often stickier—once people discover the quality of life in cities like London, word spreads.

Calgary and Edmonton were the only Canadian cities to crack the top 10 for population growth, suggesting that affordability is driving Canadians westward as well as to mid-sized Ontario cities.

London's continued growth will depend on several factors: our ability to build enough housing supply, the strength of local employment, and whether we can maintain the livability that makes our city attractive in the first place.

The Bottom Line

Toronto's loss has been London's gain. Families seeking more affordable housing, more space, and a stronger sense of community are finding what they're looking for here. Whether you're considering a move to London or thinking about selling your current home, understanding these migration patterns is essential.

Curious about what your London home might be worth in today's market—or what neighbourhoods might suit your family if you're relocating? Let's connect. At Calford & Co. Real Estate Team, we're here to help you make informed decisions.