Photo: Jfvoll · CC BY-SA 4.0Owners put the median home in Oakridge at $645,000
Some 5,380 owner households gave their home’s value to the 2021 census. The census asks owners what their home would sell for, so the values are estimates from May 2021. Statistics Canada’s housing statistics carry no sale prices in Ontario; the census value stands in for Oakridge.
Two ways to price a home in Oakridge
Every figure here is compared within the province, against Ontario’s towns, since each province assesses on its own terms. 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 Oakridge one part of it.
median, owners’ estimate
- Average
- $691K
- Owners
- 5,380
- 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
Detached houses account for 58% of the 156,290 properties on London’s 2024 roll; condos for 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.
The homes of Oakridge, by period and type
The 2021 census counted 6,235 occupied homes in Oakridge; 74% of them are single-detached houses. The older half dates from before 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
| Oakridge | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 20% | 7% | 8% |
| Needing major repairs | 4% | 6% | 6% |
| Too small for the household | 3% | 5% | 3% |
| Households in core housing need | 3% | 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.
16.7 new homes a year per 1,000 in London: in step with Ontario’s towns (15)
Some 2,861 homes a year: 17,168 in all were permitted in London from 2018 to 2023. About 23% went into single-unit buildings, where Ontario’s towns built 66%. For monthly permits, the only official count covers all of the London metro area, Oakridge included.
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.
Oakridge sits close to the $695,000 median of Ontario’s towns
871 of Ontario’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Oakridge: West London and Southcrest
The places around Oakridge at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Oakridge | $645K | $691K | 87% | |
| Hyde Park | $645K | $650K | 77% | 2.5 |
| Byron | $675K | $672K | 85% | 2.9 |
| West London | $500K | $527K | 21% | 3.1 |
| Westmount | $650K | $679K | 63% | 3.4 |
| River Bend | $800K | $834K | 78% | 3.5 |
| Southcrest | $424K | $423K | 38% | 3.6 |
Census 2021 values; km.
Questions about property prices in Oakridge
How many households in Oakridge are in core housing need?
Statistics Canada puts 3% of Oakridge’s households in core housing need, a smaller share than the 9% of Ontario’s towns.
Is Oakridge expensive for Ontario?
About average: Oakridge’s census median is close to the $695,000 of Ontario’s towns.
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).