Homes in Lambeth are worth a median $600,000
Some 915 owner households gave their home’s value to the 2021 census. What homes sold for in Lambeth isn’t public: no sale figures are released in Ontario. The 2024 property assessment puts the median residential property at $227,000. Ontario still assesses at 2016 values (MPAC’s 1 January 2016 base): a figure to set against other Ontario towns, not against prices. Behind assessed values, values by property type and building permits sits data gathered across the city of London, with Lambeth one part of it.
Lambeth’s homes, by two sources
Two sources, each set against Ontario’s towns only: provinces measure value differently, so they don’t line up across borders. A census value is an owner’s guess at a selling price in May 2021, and prices have moved since.
median, owners’ estimate
- Average
- $706K
- Owners
- 915
- Ontario’s towns
- $695K
- The typical Canadian town
- $406K
all residential, MPAC 2016 base
- Ontario’s towns
- $232K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Houses against condos in London: 2.4 times the assessed value
In 2024, London had 156,290 residential properties on the roll, detached houses 58% of them and condos 22%.
Median assessment by type, 2024 the tick is the median of Ontario’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Ontario’s towns with their own figure; assessments compare within a province only.
Single-detached houses are 93% of Lambeth’s homes, against 60% for Ontario’s towns
Lambeth had 990 occupied homes at the 2021 census. At least half predate 1981. Summed from small census areas, a neighbourhood’s parts may add up to a little less than its total.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Lambeth | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 2% | 7% | 8% |
| Needing major repairs | 4% | 6% | 6% |
| Too small for the household | 2% | 5% | 3% |
| Households in core housing need | 4% | 9% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Permits in London ran at 16.7 homes a year per 1,000, near the 15 of Ontario’s towns
Over 2018–2023, 17,168 homes were permitted in London, close to 2,861 each year. The mix: 23% in single-unit buildings, beside 66% for Ontario’s towns.
The busiest year: 2021, with 3,998 new homes
New homes a year per 1,000 homes
Rising: 5,327 new homes in the 12 months to August 2026, 16% more
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021. · Monthly permits published for the London metro area, not by town
Lambeth against Ontario’s towns: 14% under the $695,000 median
The census values of Ontario’s towns, 871 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Lambeth: White Oaks and Highland
The places around Lambeth at the 2021 census: median and average value, and how many own.
Questions about property prices in Lambeth
How many households in Lambeth are in core housing need?
Fewer than most: 4% of households in Lambeth, where Ontario’s towns sit at 9%.
Is Lambeth expensive for Ontario?
Less than most: Ontario’s towns have a median of $695,000, and Lambeth sits below it.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).