Buy or rent in London? This November 2026 report puts the cost of owning a condo next to the cost of renting one. 605 units were listed on November 1, 2026 at a median asking price of $454,900. Over the last 90 days 271 sold, at a median of $390,000. Leased units went for a median of $2,250 a month.
Buy or rent: London condos by size
The table compares the median asking price, the median sale over the last 90 days and the median monthly rent for each unit size. Gross yield is a year of rent divided by the sale price (or the asking price where there were too few sales), before fees, tax and vacancy. Studios and 1 bedrooms show the highest gross yield in London at 9.5%, which means the price equals about 10.5 years of rent. Take the median condo fee off the median rent and the yield across all sizes drops to about 5.6% before property tax.
| Unit size | Asking (median) | Sold, 90 days | Rent / month | Gross yield |
|---|---|---|---|---|
| Studios and 1 bedrooms | $237K | $213K | $1,680 | 9.5% |
| 2 bedrooms | $478K | $415K | $2,100 | 6.1% |
| 3 or more bedrooms | $479K | $423K | $2,500 | 7.1% |
What condo fees run in London
Half of the 602 listings that state a fee pay less than $439 a month, and half pay more. Per square foot that is about $0.35 a month, which is the fairer way to compare a large unit with a small one. Over a year the median fee adds up to $5,270, or 1.2% of the median asking price. It was $434 in October 2026. What the fee covers matters as much as its size: it pays for building insurance, the common areas, amenities and the reserve fund, and in many buildings heat and water as well.
Are London condos selling at asking?
Condos that sold in London over the last 90 days went for a median of 97.1% of their final asking price, and 11% sold for more than asking. The typical sold unit was on the market for 37 days. Sales are up 4.2% from the same 90 days last year (260), and the median sale is down 6.3% from $416,250.
Buildings with the most units listed
When one building has several units for sale at once, buyers have more choice and sellers more competition. These are the London addresses with the most listings right now.
| Address | Units listed | Typical ask |
|---|---|---|
| 1030 Coronation Drive | 9 | $410K |
| 414 Old Wonderland Road | 8 | $597K |
| 563 Mornington Avenue | 7 | $219K |
| 695 Richmond Street | 7 | $325K |
| 505 Talbot Street | 7 | $549K |
| 101 Meadowlily Road | 7 | $680K |
| 1705 Fiddlehead Place | 7 | $699K |
| 45 Pond Mills Road | 6 | $297K |
On the market by unit type in London: condo townhouses: 335 at $479K; condo apartments: 267 at $389K; lofts: 3 at $700K.
Compare with nearby condo markets
Condo questions about London
How much does it cost to rent a condo in London?
Condos leased in London over the last 90 days rented for a median of $2,250 a month across 249 leases.
What is a typical condo fee in London?
The median monthly fee on condos listed for sale on November 1, 2026 was $439. Fees depend on the size of the unit and on what the building includes, such as heat, water or parking.
Are condos in London selling over asking?
In the last 90 days, 11% of London condo sales closed above asking. The median sale came in at 97.1% of the asking price.
How many condos are for sale in London?
605 on November 1, 2026, with a median asking price of $454,900.
Sources: asking prices and fees are from the condos for sale on Condo Connect on November 1, 2026. Sale and rent figures are totals of MLS® sales and leases in London over the 90 days before that date; individual sold prices are available to signed-in members. Yields are gross and for comparison only.