Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
February 2026 · London North
Average Rent in London North — February 2026
49 confirmed residential leases in London North in February 2026. Average rent $2,493/month. Mixed conditions across property types.
Avg Lease Price $2,493/mo
Median Lease $2,600/mo
Avg Asking $2,507/mo
Lease / Ask 99.4%
Leased Over Asking 10.2%
Avg DOM 63 days
Total Leased
49
all residential
Avg Lease Price
$2,493
per month
Median Lease
$2,600
mid-point
Lease / Ask
99.4%
avg ratio
Over Asking
10.2%
of all leases
Avg DOM
63
days on market
Lease Prices by Property Type
London North · February 2026
💰 Lease Price Summary
Average Lease $2,493/mo
Median Lease $2,600/mo
Avg Asking Rent $2,507/mo
Lowest Lease $1,350
Highest Lease $3,500
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 10.2%
Leased at asking 63.3%
Leased under asking 26.5%
Avg Days on Market 63 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.2% over vs 26.5% under asking.
💰 Lease Price Summary
Average Lease $2,508/mo
Median Lease $2,550/mo
Avg Asking Rent $2,514/mo
Lowest Lease $1,577
Highest Lease $3,200
Lease / Ask Ratio 99.8%
📊 Market Activity
Leased over asking 6.9%
Leased at asking 75.9%
Leased under asking 17.2%
Avg Days on Market 65 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.9% over vs 17.2% under asking.
💰 Lease Price Summary
Average Lease $2,502/mo
Median Lease $2,700/mo
Avg Asking Rent $2,529/mo
Lowest Lease $1,350
Highest Lease $3,500
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 17.6%
Leased at asking 41.2%
Leased under asking 41.2%
Avg Days on Market 58 days
Fast · 050Slow · 100+
⚖️ Balanced — 17.6% over vs 41.2% under asking.
💰 Lease Price Summary
Average Lease $2,574/mo
Median Lease $2,600/mo
Avg Asking Rent $2,583/mo
Lowest Lease $2,200
Highest Lease $3,000
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 5.6%
Leased at asking 77.8%
Leased under asking 16.7%
Avg Days on Market 63 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.6% over vs 16.7% under asking.
💰 Lease Price Summary
Average Lease $1,600/mo
Median Lease $1,600/mo
Avg Asking Rent $1,600/mo
Lowest Lease $1,600
Highest Lease $1,600
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 100.0%
Leased under asking 0.0%
Avg Days on Market 101 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Popular Ontario Cities · February 2026
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,679 | $2,493 | 99.0% | 49d | ⚖️ Balanced |
| Mississauga | $2,546 | $2,450 | 99.0% | 46d | ⚖️ Balanced |
| Vaughan | $2,626 | $2,400 | 99.1% | 47d | ⚖️ Balanced |
| Ottawa | $2,590 | $2,500 | 99.7% | 60d | ⚖️ Balanced |
| Markham | $2,884 | $2,750 | 98.3% | 47d | 🧊 Renter-Friendly |
| Oakville | $3,006 | $2,675 | 98.8% | 53d | ⚖️ Balanced |
| Brampton | $2,404 | $2,500 | 98.0% | 48d | ⚖️ Balanced |
| Hamilton | $2,425 | $2,500 | 98.9% | 59d | ⚖️ Balanced |
Frequently Asked Questions
London North · February 2026
The average confirmed lease in London North was $2,493/month in February 2026,
based on 49 MLS® transactions. The median was
$2,600/month.
Condos averaged $2,508/mo, freehold averaged $2,502/mo, and townhouses averaged $2,574/mo.
Units in London North took an average of 63 days to lease in February 2026.
Freehold rentals averaged 58 days while condos averaged 65 days.
In February 2026, condos averaged $2,508/month while freehold rentals averaged $2,502/month —
a difference of $6/month.
London North averaged $2,493/month in February 2026. Mississauga averaged $2,546/mo. Hamilton averaged $2,425/mo. See the full February 2026 Ontario lease summary →
Looking to rent in London North?
Browse available rentals or connect with a local agent who knows the rental market.
Data note: Based on MLS® confirmed lease transaction data held in our system for London North, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
