Did you know that 56% of Canadians who don’t own a home still dream of becoming homeowners? Yes, despite the challenges of high home prices and interest rates, many still hold on to this dream. And here’s the best part: many are actively working toward this dream, and some have already achieved it. But how did they manage to make it happen with the high home prices? Well, these homebuyers are not chasing big cities. Instead, many are focusing their attention on mid-sized cities, such as London. They are also not focusing on the picture-perfect homes. Instead, these buyers are now turning their attention to cheap houses for sale in London, Ontario. Yes, you heard that right! You can find several affordable homes in the London housing market at a much lower price.
Right now, the average price of a detached house in London is $ 704,174 . On the other hand, a semi-detached home is selling for $ 471,209 . For a townhouse, you can expect to pay around $ 484,062 . With an average price of $ 358,958 , condo apartments are even more budget-friendly. However, you can find houses at a more affordable price range than this average on our exclusive listing page.
Sure, you can also explore cheap houses for sale in Kitchener if you want direct GO Transit access to Toronto and can stretch your budget a little further. However, if affordability is your priority, then cheap houses for sale in London, Ontario, will be your perfect fit. The lower prices of these London houses also mean smaller monthly payments. Hence, you won’t feel that your mortgage and other homeownership expenses eat up all your income.
Currently, there are 1,288 detached houses in London. You can find 53 semi-detached houses for sale in London. The number of available townhouses in London is 412 . For those on an extremely tight budget, there are 208 condo apartments. With the home prices falling across most of Ontario, now’s the perfect time to act. So, why wait? Take a look at the affordable houses for sale in London now!