Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
January 2026 · London North
Average Rent in London North — January 2026
30 confirmed residential leases in London North in January 2026. Average rent $2,531/month. Mixed conditions across property types.
Avg Lease Price $2,531/mo
Median Lease $2,650/mo
Avg Asking $2,559/mo
Lease / Ask 98.9%
Leased Over Asking 3.3%
Avg DOM 57 days
Total Leased
30
all residential
Avg Lease Price
$2,531
per month
Median Lease
$2,650
mid-point
Lease / Ask
98.9%
avg ratio
Over Asking
3.3%
of all leases
Avg DOM
57
days on market
Lease Prices by Property Type
London North · January 2026
💰 Lease Price Summary
Average Lease $2,531/mo
Median Lease $2,650/mo
Avg Asking Rent $2,559/mo
Lowest Lease $1,450
Highest Lease $3,540
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 3.3%
Leased at asking 66.7%
Leased under asking 30.0%
Avg Days on Market 57 days
Fast · 050Slow · 100+
⚖️ Balanced — 3.3% over vs 30% under asking.
💰 Lease Price Summary
Average Lease $2,513/mo
Median Lease $2,500/mo
Avg Asking Rent $2,553/mo
Lowest Lease $1,599
Highest Lease $3,540
Lease / Ask Ratio 98.5%
📊 Market Activity
Leased over asking 7.1%
Leased at asking 57.1%
Leased under asking 35.7%
Avg Days on Market 55 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.1% over vs 35.7% under asking.
💰 Lease Price Summary
Average Lease $2,571/mo
Median Lease $2,725/mo
Avg Asking Rent $2,592/mo
Lowest Lease $1,450
Highest Lease $3,300
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 71.4%
Leased under asking 28.6%
Avg Days on Market 61 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 28.6% under asking.
💰 Lease Price Summary
Average Lease $2,600/mo
Median Lease $2,550/mo
Avg Asking Rent $2,640/mo
Lowest Lease $2,100
Highest Lease $3,200
Lease / Ask Ratio 98.5%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 60.0%
Leased under asking 40.0%
Avg Days on Market 60 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 40% under asking.
💰 Lease Price Summary
Average Lease $2,200/mo
Median Lease $2,200/mo
Avg Asking Rent $2,200/mo
Lowest Lease $2,200
Highest Lease $2,200
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 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Popular Ontario Cities · January 2026
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,712 | $2,485 | 99.0% | 49d | ⚖️ Balanced |
| Mississauga | $2,560 | $2,450 | 98.5% | 47d | ⚖️ Balanced |
| Ottawa | $2,565 | $2,500 | 99.4% | 58d | ⚖️ Balanced |
| Vaughan | $2,597 | $2,350 | 99.0% | 45d | ⚖️ Balanced |
| Oakville | $3,122 | $2,800 | 98.6% | 52d | ⚖️ Balanced |
| Markham | $2,882 | $2,750 | 98.5% | 50d | ⚖️ Balanced |
| Brampton | $2,552 | $2,600 | 97.8% | 49d | ⚖️ Balanced |
| Richmond Hill | $2,932 | $2,860 | 98.5% | 53d | 🧊 Renter-Friendly |
Frequently Asked Questions
London North · January 2026
The average confirmed lease in London North was $2,531/month in January 2026,
based on 30 MLS® transactions. The median was
$2,650/month.
Condos averaged $2,513/mo, freehold averaged $2,571/mo, and townhouses averaged $2,600/mo.
Units in London North took an average of 57 days to lease in January 2026.
Freehold rentals averaged 61 days while condos averaged 55 days.
In January 2026, condos averaged $2,513/month while freehold rentals averaged $2,571/month —
a difference of $58/month.
London North averaged $2,531/month in January 2026. Brampton averaged $2,552/mo. See the full January 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.
