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Construction Market Intelligence
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London construction market

What residential construction currently looks like in London: activity relative to population, the building pipeline, nominal and real growth, and market mix — measured against 15 other Canadian markets.

Trailing 12 months ending June 2026 Ontario · census metropolitan area · population 633,002 (2025)

  • Apartment-heavy
  • Moderate construction intensity

Key metrics

Housing starts per 1,000 residents
7.57
4,794 starts in 12 months
11th of 16
Housing completions per 1,000 residents
6.60
4,179 completions
9th of 16
Units under construction per 1,000 residents
10.36
6,556 units at period end
12th of 16
Pending starts per 1,000 residents
2.56
1,619 units · secondary indicator
12th of 16
Residential permit value growth (constant dollars)
+13.3%
Nominal +15.9%
4th of 16
Residential construction price growth
+5.9%
Year over year
5th of 14
Renovation share of residential investment
39.0%
of residential investment
9th of 16
Apartment share of housing starts
78.5%
of housing starts
7th of 16

Current observations

  • London recorded 4,794 housing starts over the trailing 12 months ending June 2026 — 7.57 per 1,000 residents, 11th of 16 tracked markets (median 8.33).
  • 10.36 units per 1,000 residents were under construction at period end (12th of 16 tracked markets), 1.6 times the 6.60 per 1,000 completed over the past 12 months.
  • Residential permit value rose 15.9% nominally and approximately 13.3% after adjusting for construction prices. The segments differ: in constant dollars, single-dwelling permit value changed −5.0% and multiple-dwelling +18.9%.
  • Renovation accounts for 39.0% of residential investment (9th of 16 tracked markets by renovation share). Apartments were 78.5% of housing starts and single-detached homes 8.7%.
  • Residential construction prices changed +5.9% year over year (5th of 14 tracked markets by price growth).
  • Pending starts — permits issued but not yet started — stood at 2.56 per 1,000 residents (12th of 16 tracked markets). This is a secondary indicator of the current backlog, not a forecast.

Generated from the published values on this page using fixed rules. They describe current measured conditions and are not forecasts.

Historical context

Monthly, as trailing 12-month totals (except units under construction, a month-end stock), 2019 to June 2026.

Housing starts by dwelling type

Trailing 12-month starts. Multi-unit = semi-detached, row and apartment.

  • Single-detached
  • Multi-unit
Housing starts by dwelling type, Jan 2019 to Jun 2026. Latest: Single-detached 415; Multi-unit 4,379. Full values in the table below the chart.02,0004,0006,00020192020202120222023202420252026
Show all monthly values as a table
Housing starts by dwelling type
Period endingSingle-detachedMulti-unit
January 20191,3991,482
February 20191,3381,485
March 20191,2901,577
April 20191,2241,712
May 20191,2151,723
June 20191,2161,554
July 20191,2111,586
August 20191,3201,966
September 20191,2812,051
October 20191,3072,053
November 20191,2932,050
December 20191,3082,107
January 20201,3462,136
February 20201,4082,197
March 20201,4532,289
April 20201,5072,086
May 20201,4202,126
June 20201,4231,916
July 20201,4941,901
August 20201,4981,550
September 20201,5381,609
October 20201,6061,585
November 20201,6922,549
December 20201,7272,535
January 20211,8072,314
February 20211,8892,750
March 20211,9282,620
April 20212,0632,953
May 20212,2513,184
June 20212,2783,795
July 20212,2944,083
August 20212,3274,224
September 20212,3504,245
October 20212,3224,223
November 20212,2783,278
December 20212,2843,308
January 20222,2153,540
February 20222,1363,069
March 20222,0753,099
April 20221,8992,720
May 20221,8102,770
June 20221,8052,138
July 20221,6691,945
August 20221,5951,779
September 20221,4611,786
October 20221,4191,974
November 20221,3612,059
December 20221,2682,093
January 20231,2112,112
February 20231,1272,080
March 20231,0622,137
April 20239852,228
May 20238842,052
June 20237552,186
July 20237352,042
August 20236482,110
September 20236391,992
October 20235821,873
November 20235481,774
December 20235141,674
January 20245061,544
February 20244951,719
March 20245052,062
April 20245212,247
May 20245352,147
June 20245852,062
July 20245382,571
August 20245562,872
September 20245622,894
October 20245503,215
November 20245463,235
December 20245643,607
January 20255693,474
February 20255723,348
March 20255762,948
April 20255772,603
May 20255462,530
June 20255382,693
July 20255472,476
August 20255272,150
September 20255173,055
October 20254992,746
November 20254712,909
December 20254512,655
January 20264452,984
February 20264412,960
March 20264243,384
April 20264164,288
May 20264334,349
June 20264154,379

Under construction and completions

Units under construction (month-end) and trailing 12-month completions.

  • Under construction
  • Completions (12 mo)
Under construction and completions, Jan 2019 to Jun 2026. Latest: Under construction 6,556; Completions (12 mo) 4,179. Full values in the table below the chart.02,0004,0006,0008,00020192020202120222023202420252026
Show all monthly values as a table
Under construction and completions
Period endingUnder constructionCompletions (12 mo)
January 20192,9333,578
February 20192,7673,660
March 20192,8133,631
April 20193,1043,625
May 20193,0913,211
June 20193,3933,139
July 20193,4872,894
August 20193,8952,503
September 20193,7862,670
October 20193,6712,606
November 20193,6322,628
December 20193,6282,631
January 20203,5162,892
February 20203,3453,019
March 20203,5253,022
April 20203,7072,981
May 20203,6113,015
June 20203,6433,079
July 20203,6693,205
August 20203,7393,202
September 20203,1873,408
October 20203,2163,308
November 20204,3063,229
December 20204,4113,140
January 20214,3872,911
February 20214,6952,950
March 20214,7722,961
April 20215,3453,038
May 20215,3613,348
June 20215,8423,536
July 20216,0803,625
August 20216,2163,733
September 20216,4363,342
October 20216,1233,634
November 20216,1363,722
December 20216,1843,815
January 20226,3803,757
February 20226,1983,696
March 20226,1833,758
April 20226,0373,923
May 20226,4843,452
June 20226,2383,542
July 20226,1833,507
August 20226,1193,466
September 20226,2153,464
October 20226,4043,108
November 20226,3883,165
December 20226,2123,330
January 20236,3503,350
February 20236,2673,137
March 20236,1923,188
April 20236,1343,114
May 20236,0523,352
June 20236,2052,958
July 20235,9842,960
August 20235,8243,037
September 20235,9762,854
October 20236,0472,797
November 20236,0932,600
December 20235,8052,578
January 20245,9142,469
February 20246,0412,423
March 20245,8262,916
April 20246,0142,871
May 20246,0212,711
June 20245,8832,845
July 20245,9992,964
August 20246,0923,031
September 20245,7463,553
October 20246,0323,646
November 20245,8033,933
December 20246,1743,662
January 20256,1363,683
February 20256,1253,698
March 20256,1573,056
April 20255,8083,254
May 20255,7353,223
June 20255,9833,114
July 20256,1552,763
August 20255,1723,504
September 20255,0974,155
October 20255,2004,009
November 20255,2413,880
December 20255,1904,032
January 20265,4634,041
February 20265,3664,099
March 20265,8374,068
April 20266,7383,707
May 20266,7633,686
June 20266,5564,179

Residential permit value: nominal and constant dollars

Trailing 12-month value, $ millions. Constant dollars are Statistics Canada’s price-adjusted series.

  • Nominal
  • Constant dollars
Residential permit value: nominal and constant dollars, Jan 2019 to Jun 2026. Latest: Nominal $1,740M; Constant dollars $1,630M. Full values in the table below the chart.$0M$1,000M$2,000M$3,000M$4,000M20192020202120222023202420252026
Show all monthly values as a table
Residential permit value: nominal and constant dollars
Period endingNominalConstant dollars
January 2019$907M$1,590M
February 2019$889M$1,554M
March 2019$874M$1,522M
April 2019$884M$1,531M
May 2019$943M$1,624M
June 2019$948M$1,629M
July 2019$993M$1,700M
August 2019$1,037M$1,768M
September 2019$1,068M$1,817M
October 2019$1,074M$1,823M
November 2019$1,064M$1,803M
December 2019$1,085M$1,835M
January 2020$1,095M$1,850M
February 2020$1,093M$1,844M
March 2020$1,128M$1,901M
April 2020$1,055M$1,774M
May 2020$999M$1,676M
June 2020$1,053M$1,762M
July 2020$1,070M$1,782M
August 2020$1,357M$2,231M
September 2020$1,452M$2,376M
October 2020$1,532M$2,494M
November 2020$1,718M$2,773M
December 2020$1,729M$2,775M
January 2021$1,761M$2,816M
February 2021$1,808M$2,875M
March 2021$1,941M$3,048M
April 2021$2,156M$3,335M
May 2021$2,233M$3,411M
June 2021$2,275M$3,421M
July 2021$2,275M$3,376M
August 2021$1,989M$2,871M
September 2021$1,995M$2,817M
October 2021$1,951M$2,708M
November 2021$1,806M$2,447M
December 2021$1,828M$2,434M
January 2022$1,867M$2,454M
February 2022$1,885M$2,444M
March 2022$1,778M$2,256M
April 2022$1,626M$2,014M
May 2022$1,571M$1,913M
June 2022$1,515M$1,815M
July 2022$1,585M$1,862M
August 2022$1,639M$1,890M
September 2022$1,542M$1,752M
October 2022$1,495M$1,679M
November 2022$1,589M$1,758M
December 2022$1,495M$1,634M
January 2023$1,413M$1,529M
February 2023$1,349M$1,448M
March 2023$1,302M$1,386M
April 2023$1,268M$1,340M
May 2023$1,235M$1,296M
June 2023$1,198M$1,251M
July 2023$1,057M$1,096M
August 2023$960M$987M
September 2023$962M$983M
October 2023$989M$1,006M
November 2023$969M$972M
December 2023$953M$954M
January 2024$1,053M$1,050M
February 2024$1,197M$1,188M
March 2024$1,263M$1,249M
April 2024$1,318M$1,300M
May 2024$1,332M$1,312M
June 2024$1,443M$1,417M
July 2024$1,616M$1,584M
August 2024$1,613M$1,578M
September 2024$1,635M$1,598M
October 2024$1,626M$1,587M
November 2024$1,531M$1,491M
December 2024$1,538M$1,496M
January 2025$1,721M$1,668M
February 2025$1,565M$1,514M
March 2025$1,520M$1,468M
April 2025$1,497M$1,444M
May 2025$1,507M$1,451M
June 2025$1,501M$1,439M
July 2025$1,535M$1,466M
August 2025$1,569M$1,495M
September 2025$1,559M$1,483M
October 2025$1,627M$1,546M
November 2025$1,805M$1,710M
December 2025$2,008M$1,898M
January 2026$1,765M$1,664M
February 2026$1,760M$1,658M
March 2026$1,737M$1,635M
April 2026$1,703M$1,601M
May 2026$1,766M$1,658M
June 2026$1,740M$1,630M

Market mix

Housing starts by dwelling type, 12 months

Housing starts by dwelling type in London
Dwelling typeStartsShare
Single-detached4158.7%
Semi-detached641.3%
Row55211.5%
Apartment and other3,76378.5%

Rental-intended starts: 65.0% of all starts.

Renovation vs. new construction

Renovation 39.0% New construction 61.0%

Share of residential building investment. Alterations are 7.0% of residential permit value (a separate source).

Growth: nominal and constant dollars

Nominal and constant-dollar growth, trailing 12 months ending June 2026 versus the prior 12 months
SeriesNominalConstant $
All residential permits+15.9%+13.3%
Single-dwelling buildings−3.0%−5.0%
Multiple-dwelling buildings+21.8%+18.9%
Residential building investment+18.0%+15.0%

Nominal growth includes construction-price change; constant-dollar growth is Statistics Canada’s price-adjusted series. They are shown side by side rather than subtracted.

All published metrics

All published construction metrics for London, trailing 12 months ending June 2026
MetricLondonDefinition
Population633,002July 1 population estimate for the census metropolitan area.
Housing starts, trailing 12 months4,794Dwelling units started over the trailing 12 months (CMHC Starts and Completions Survey).
Housing starts per 1,000 residents7.57Housing starts (all dwelling types) over the trailing 12 months divided by the CMA population estimate, per 1,000 residents.
Housing starts, change vs prior 12 months+48.4%Change in trailing-12-month housing starts compared with the 12 months before.
Housing completions, trailing 12 months4,179Dwelling units completed over the trailing 12 months.
Housing completions per 1,000 residents6.60Dwelling units completed over the trailing 12 months divided by the CMA population estimate, per 1,000 residents.
Completions, change vs prior 12 months+34.2%Change in trailing-12-month completions compared with the 12 months before.
Units under construction6,556Dwelling units under construction at the end of the reference period.
Units under construction per 1,000 residents10.36Dwelling units under construction at the end of the reference period (a stock, not a 12-month flow) per 1,000 residents.
Under construction, change vs a year earlier+9.6%Change in units under construction compared with the same month a year earlier.
Pending starts1,619Units with a building permit issued but not yet started, at the end of the reference period.
Pending starts per 1,000 residents2.56Units with a building permit issued but not yet started, at the end of the reference period, per 1,000 residents. A secondary indicator of the current pipeline, not a forecast of starts.
Pending starts, change vs a year earlier−19.6%Change in pending starts compared with the same month a year earlier.
Dwelling units authorized per 1,000 residents7.75Dwelling units created by building permits issued over the trailing 12 months, per 1,000 residents.
Authorized units, change vs prior 12 months+15.5%Change in dwelling units authorized by building permits compared with the prior 12 months.
Residential permit value, trailing 12 months$1.74BValue of residential building permits, current dollars.
Residential permit value growth (nominal)+15.9%Change in the value of residential building permits over the trailing 12 months versus the prior 12 months, in current dollars.
Residential permit value growth (constant dollars)+13.3%The same change measured with Statistics Canada’s constant-dollar permit values, which remove construction-price change.
Residential investment growth (nominal)+18.0%Change in residential building investment over the trailing 12 months versus the prior 12 months, current dollars.
Residential investment growth (constant dollars)+15.0%The same change measured in Statistics Canada’s constant-dollar investment series.
Residential construction price index (2023 = 100)111.5Average of the four latest quarterly index values, 2023 = 100. Each market is indexed to its own 2023 prices, so index levels show price change within a market and cannot be compared across markets.
Residential construction price growth+5.9%Change in the residential building construction price index (average of the four latest quarters versus the four before). Not published for every CMA.
Renovation share of residential investment39.0%Renovation spending as a share of total residential building investment over the trailing 12 months.
Alterations share of residential permit value7.0%Permit value for alterations and improvements as a share of all residential permit value — an independent view of renovation activity.
Apartment share of housing starts78.5%Apartment and other unit types as a share of all housing starts over the trailing 12 months.
Single-detached share of housing starts8.7%Single-detached units as a share of all housing starts over the trailing 12 months.
Rental share of housing starts65.0%Starts intended for the rental market as a share of all starts over the trailing 12 months.

Compare London

Where London ranks

Sources and data period

Figures cover the trailing 12 months ending June 2026, the latest period published for all 16 markets. Source data retrieved through September 12, 2026. This page was built on November 8, 2026; the build date is not the data period. Values not published by the source are shown as “Not published”, never estimated.

Methodology, definitions and limitations

Dataset generated September 13, 2026.

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    Construction Market Intelligence

    An independent publication built from official Statistics Canada and CMHC data. Current data: trailing 12 months ending June 2026.

    Contains information licensed under the Open Government Licence – Canada. Not affiliated with or endorsed by Statistics Canada or CMHC.