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London Ontario Apartment Rents Up 25% Over 2022

London Ontario apartment rents soared by more than 25 per cent over the past year, one of the largest increases in big-city Canada, a new market snapshot shows.

135 Base Line Road London Ontario Apartment Condos

Asking rents for a one-bedroom unit sat at $1,767 in March, according to, a website used by landlords to advertise their units.

That’s a 27.3 per cent jump from a year ago, and the second largest in Ontario, only behind Brampton’s 28.7 per cent.

It was a similar story in the two-bedroom segment of the market.

In London, such apartments, the most common type of unit, are hitting the market at an average price of $2,119 or 24.3 per cent higher than a year ago.

Several factors have been in play helping accelerate rents in the city.

Key among them is London’s population growth, Ontario’s fastest between 2015 and 2021, according to the latest census data.

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Ty Lacroix

"Not All Realtors Are The Same"! This website and content are for you and designed and constantly upgraded with the latest real estate trends, how-to’s and what is for sale on MLS. All the so-called Gurus of marketing and branding say a Realtor and their Brokerage should have a bio to let people know about them. I have always felt bios were boasting, bragging, or trying to impress readers; I’ve always felt that our actions and results should impress and not be all talk and no action! As they say in Texas:” All hat and no cattle”! So here goes: We are a small brokerage by choice but mighty in results (over $103 million in transactions since 2014). Our primary source of business is guiding home buyers and sellers to make good decisions. We are transformational in nature and by choice, not transactional! We believe selling real estate is a process, not an event or knee-jerk reaction; we sleep well at night and ensure our clients do as well by systemizing the predictable and humanizing the exceptional ( the last seven words are plagiarism, I have copied this from the Four Seasons Hotels & Resorts)! We are not for everybody, nor can we please everybody, nor do we tell people what they want to hear; I know that may be old-fashioned and perhaps in this era of me-tooism, deservism and impersonal artificial intelligence (an oxymoron), calls on hold for hours or people being busy looking after their busyness that expectations may be jaded! If you would like to know more about the disadvantages of us helping you, contact me, Ty Lacroix, Owner and Broker of Record; however, the advantages are exposed on this site. About Ty Founder & Owner & Broker of Record of Sutton Group Envelope Real Estate Inc, That's all I can say about me! You see, this is about you, not me; you do not want to hear blah blah stuff about awards, designations, or that we walk old people across the street (I used to help old ladies cross the street, but as I got older I did not want my wife to think I was flirting) the reincarnation of Mother Teresa, walk on water or anything else to impress you. We let the numbers speak for themselves; you see, success leaves clues!

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