Best Neighbourhoods in London (2024)

Over the past few years, London homebuyers’ liveability criteria has evolved beyond green space and transit. Canadians are recognizing greater value that comes with a sense of community, safety and diversity, where new residents can feel a sense of belonging in a new area.

Demand in the London region is currently being driven by suburban families/move-up buyers, first-time homebuyers and retirees.

Wortley Village is considered among the best neighbourhoods in London, and is popular among homebuyers who love a mix of history and small community feel. The area has many local shops, cafes, and restaurants, and is close to downtown London. With great schools around, it’s ideal for families too.

Among the top concerns for buyers in London right now are affordability. London has experienced significant growth in property prices, making affordability a concern for buyers. The city’s increasing popularity and limited housing supply have driven prices up (when compared to pre-covid pricing), requiring buyers to carefully assess their budgets and secure pre-approval for mortgages to understand what they can afford.

Neighbourhood and location are also a priority among buyers. Selecting the right neighbourhood is critical as it affects quality of life and property value. Buyers should consider factors such as proximity to amenities, schools, public transportation, and future development potential.

The condition of the property is a key concern, especially for older homes that may require significant maintenance and renovations.

We asked RE/MAX brokers and agents to weigh in on their market, and help identify some trends and the best neighbourhoods in London. Here’s what they said.

Top liveability qualities buyers seek in London are: 

1. Affordability: Lower property prices (when comparing to similar Ontario cities) and living costs make London attractive to first-time homebuyers and budget-conscious buyers
2. Green Spaces and Parks: With an abundance of parks and recreational spots like Victoria Park and Springbank Park, London is perfect for anyone who loves the outdoors and values an active lifestyle.
3. Proximity to Amenities: Easy access to essential services, schools, healthcare, and shopping centers, especially in neighbourhoods such as Wortley Village and Masonville, make daily life here convenient and appealing.

Best Neighbourhoods in London

Top 3 most-affordable neighbourhoods:

• East London
• Argyle
• Carling

Top 3 up-and-coming neighbourhoods:

• Hyde Park
• Summerside
• Old East

Top 3 most luxurious neighbourhoods:

• Sunningdale
• Huntclub
• Old North

Advice to homebuyers

“Homebuyers should assess the neighbourhood amenities and accessibility, evaluate property features and its future growth potential. A broker can help assess and provide guidance,” according to Hayley and Carl Vandergoot, Sales Representatives and brokers-of-record at RE/MAX Centre City Realty, based in London, ON. “Homebuyers should also consider the safety of the community, and gauge the overall community feel which fits their needs.”