Statistical News Releases

The CMHC has released its latest new home starts data for June 2026, highlighting residential construction activity across the London Census Metropolitan Area. There were 373 new home starts in the London CMA, with activity heavily concentrated in West London (Riverbend). In St. Thomas, there were 91 new home starts in the first half of 2026, which was below their January to June ten-year benchmark of 126 starts.

In June, 753 homes changed hands via LSTAR's MLS® system, up 1.6% compared to June 2025 and on par with June sales over the past four years. Average sales price saw some fluctuation last month, down 6.7% from the same month a year ago to $606,614. By comparison, the May average sales price was $662,292, while it was $618,665 in April. Inventory remained stable, with 4.6 months of inventory recorded in June.

The CMHC has released its latest new home starts data for May 2026, highlighting residential construction activity across the London Census Metropolitan Area. In May, there were 131 new home starts in the London CMA, mostly consisting of rental apartments in Downtown London and ground-oriented homes in South London.

Home sales grew steadily month over month with 776 homes changing hands via LSTAR's MLS® system, up 8.8% compared to May 2025, and an increase of 138 more units sold over the previous month. The average sales price took a healthy jump in May, to $662,292, up from $618,665 in April. The London region saw noticeable month-over-month gains, including London South where the average sales price was $677,226, up from $626,840 the previous month, as well as London East, with an average price of $476,844, up from $450,793 in April.

The CMHC has released its latest new home starts data for April 2026, highlighting residential construction activity across the London Census Metropolitan Area. 967 new home starts were recorded in the London CMA, mostly consisting of rental apartments in West and South London. Construction activity for the first four months of the year was well above the January to April ten-year median of 947, which is a benchmark for the typical number of starts in the region.

In April, 638 homes changed hands via LSTAR's MLS® syatem. Although down 6.6% compared to April 2025, that was an increase of 52 more units sold over the previous month. Average sales price was $618,665 in April, down from the previous month, which was $627,112. Noticeable month over month gains in average sales price happened in St. Thomas, with average price at $584,110, up from $562,191 the previous month, as well as Strathroy-Caradoc, coming in at $656,869, up from $590,848 in March.

The CMHC has released its latest new home starts data for March 2026, providing valuable insight into residential construction activity across the London Census Metropolitan Area. In March, there were 560 new home starts in the London CMA, mostly consisting of purpose-built rental apartments in East and South London.

LSTAR Chair Robin Tiller sat down with Shaun Cathcart, CREA's Director and Senior Economist, Housing Data and Market Analysis, to share insights on current market conditions and what REALTORS® should be watching in 2026.

Shaun emphasized that real estate remains local, and that REALTORS® are the best source of market intelligence for clients. He also shared some key indicators to watch for future mortgage rate movements.

In March, 586 homes changed hands via LSTAR's MLS® System, up 4.1% compared to the same month a year ago, and 186 more units sold over the previous month. Month over month, average sales price rose slightly in March at $627,112, from $622,414 in February. Noticeable month over month gains in average sales price happened in London South, with average price at $636,946, up from $617,817 the previous month, as well as St. Thomas, coming in at $562,191, up from $545,876 in February.

The CMHC has released its latest new home starts data for February 2026, highlighting residential construction activity across the London CMA. In February, there were 61 new home starts in the London CMA, highly concentrated in London (Hyde Park) and St. Thomas (South).