River Bend’s housing is newer than most: 87% has gone up since 2001, against 17% for Ontario’s towns
The middle home was worth $800,000 at the 2021 census, the average $833,620. What owners reported in May 2021 is an opinion of value; interest rates and prices have both moved since. What homes sold for in River Bend isn’t public: no sale figures are released in Ontario.
Two ways to price a home in River Bend
Every figure here is compared within the province, against Ontario’s towns, since each province assesses on its own terms. Ontario’s assessments are still on MPAC’s values of 1 January 2016, far below today’s prices, so they compare only with other Ontario towns.
median, owners’ estimate
- Average
- $834K
- Owners
- 1,765
- 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). · Area behind the assessed values, values by property type and building permits figures: the city of London
London’s houses carry 2.4 times the assessment of its condos
Assessors listed 156,290 residential properties in London for 2024, 58% of them detached houses and 22% condos.
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.
More condos than most: 32% of the homes in River Bend (Ontario’s towns: 7%)
River Bend had 2,255 occupied homes at the 2021 census, 66% of them single-detached houses. Neighbourhood figures add up small census areas, and rounding can leave the parts a little under the total.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| River Bend | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 32% | 7% | 8% |
| Needing major repairs | under 1% | 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.
London permitted 16.7 new homes a year per 1,000, close to the 15 of Ontario’s towns
London issued permits for 17,168 new homes from 2018 to 2023, or about 2,861 a year. 23% were single-unit buildings and the rest multi-unit ones, against 66% for Ontario’s towns.
The busiest year: 2021, with 3,998 new homes
New homes a year per 1,000 homes
5,327 new homes in the 12 months to August 2026, up 16% on the year before
Area-wide: monthly permits, counted over the London metro area
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.
River Bend is dearer than most of Ontario’s towns: 15% above their $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 River Bend: Byron, Oakridge and Hyde Park
The places around River Bend at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| River Bend | $800K | $834K | 78% | |
| Byron | $675K | $672K | 85% | 3.1 |
| Oakridge | $645K | $691K | 87% | 3.5 |
| Hyde Park | $645K | $650K | 77% | 4.2 |
| Middlesex Centre | $750K | $802K | 90% | 4.3 |
| Westmount | $650K | $679K | 63% | 5.7 |
| Medway | $500K | $550K | 66% | 6.2 |
Census 2021 values; km.
Questions about property prices in River Bend
How many households in River Bend are in core housing need?
Fewer than most: 4% of households in River Bend, where Ontario’s towns sit at 9%.
Is River Bend expensive for Ontario?
On census values, River Bend ranks among the dearer of Ontario’s towns (median $695,000).
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).