Photo: Ken Lund from Reno, Nevada, USA · CC BY-SA 2.0Home values in St. Thomas run 36% lower than the median of Ontario’s towns
The census median was $448,000 in 2021, against $695,000 for Ontario’s towns. Statistics Canada doesn’t publish sales in Ontario, so nothing here says what St. Thomas’s homes actually sold for. Assessors valued the median residential property at $195,000 for 2024. Ontario still assesses at 2016 values (MPAC’s 1 January 2016 base): a figure to set against other Ontario towns, not against prices.
Two ways to price a home in St. Thomas
Two sources, each set against Ontario’s towns only: provinces measure value differently, so they don’t line up across borders. The census asks owners what their home would sell for, so the values are estimates from May 2021.
median, owners’ estimate
- Average
- $470K
- Owners
- 12,240
- 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).
On the assessment roll, St. Thomas’s houses sit 19% below Ontario’s towns
The 2024 assessment roll counts 14,880 homes in St. Thomas: detached houses make 82% of them, condos 2%.
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.
An older stock than most: 33% of St. Thomas’s homes go back before 1961 (Ontario’s towns: 22%)
The 2021 census counted 18,060 occupied homes in St. Thomas; 65% of them are single-detached houses.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| St. Thomas | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 3% | 7% | 8% |
| Needing major repairs | 7% | 6% | 6% |
| Too small for the household | 3% | 5% | 3% |
| Households in core housing need | 11% | 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 St. Thomas ran at 23.4 homes a year per 1,000, where Ontario’s towns ran at 15
St. Thomas issued permits for 2,360 new homes from 2018 to 2023, or about 393 a year. 37% were single-unit buildings and the rest multi-unit ones, against 66% for Ontario’s towns.
Most in 2020: 707 new homes
New homes a year per 1,000 homes
Rising: 5,327 new homes in the 12 months to August 2026, 16% more
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.
St. Thomas against Ontario’s towns: 36% 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 St. Thomas: White Oaks
The places around St. Thomas at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| St. Thomas | $448K | $470K | 68% | |
| Central Elgin | $600K | $624K | 90% | 2 |
| Southwold | $600K | $655K | 92% | 12.6 |
| Aylmer | $448K | $461K | 69% | 15.3 |
| Malahide | $576K | $606K | 87% | 16.5 |
| Lambeth | $600K | $706K | 92% | 17.8 |
| White Oaks | $400K | $423K | 66% | 18.5 |
Census 2021 values; km.
Questions about property prices in St. Thomas
Is St. Thomas expensive for Ontario?
On census values, St. Thomas sits among the cheaper of Ontario’s towns (median $695,000).
How many households in St. Thomas are in core housing need?
In line with Ontario’s towns (9%): 11% in St. Thomas, counting the households whose home falls short on cost, size or repair.
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).