Photo: Unknown. Canada. Department of National Defence. · Public domainSouthwold builds fast: 35.2 new homes a year per 1,000, against 15 for Ontario’s towns
Asked in 2021, owners gave a median value of $600,000; averaged, their homes came to $655,000. Statistics Canada doesn’t publish sales in Ontario, so nothing here says what Southwold’s homes actually sold for. The 2024 property assessment puts the median residential property at $247,000. 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.
Two ways to price a home in Southwold
Two sources, each set against Ontario’s towns only: provinces measure value differently, so they don’t line up across borders. The census figure is the owner’s own reckoning of value in May 2021; actual sale prices may differ.
median, owners’ estimate
- Average
- $655K
- Owners
- 1,435
- 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).
Detached houses make up 96% of Southwold’s residential properties
The 2024 assessment roll counts 1,950 homes in Southwold, detached houses 96% of them.
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 98% of Southwold’s homes, against 60% for Ontario’s towns
The 2021 census counted 1,710 occupied homes in Southwold. Half went up before 1981.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Southwold | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 1% | 7% | 8% |
| Needing major repairs | 5% | 6% | 6% |
| Too small for the household | 3% | 5% | 3% |
| Households in core housing need | 1% | 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.
The peak came in 2021, when Southwold permitted 131 new homes
Southwold issued permits for 340 new homes from 2018 to 2023, or about 57 a year. 88% were single-unit buildings, beside 66% for Ontario’s towns.
New homes a year per 1,000 homes
Rising: 5,327 new homes in the 12 months to August 2026, 16% more
Measured across the London metro area: monthly permits
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.
Southwold against Ontario’s towns: 14% under the $695,000 median
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 Southwold: St. Thomas and Dutton
Next to Southwold: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Southwold | $600K | $655K | 92% | |
| Oneida 41 | – | – | – | 12 |
| St. Thomas | $448K | $470K | 68% | 12.6 |
| Central Elgin | $600K | $624K | 90% | 14.1 |
| Dutton | $452K | $497K | 83% | 17 |
| Lambeth | $600K | $706K | 92% | 19.1 |
Census 2021 values; km.
Questions about property prices in Southwold
How many households in Southwold are in core housing need?
Statistics Canada puts 1% of Southwold’s households in core housing need, a smaller share than the 9% of Ontario’s towns.
Is Southwold expensive for Ontario?
Cheaper than the middle: Ontario’s towns come to $695,000, Southwold to less.
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).