# Pottersburg: London's record inventory and apartment price drop signal a buyer's shift London's August 2026 sales-to-new-listings ratio fell to 37.5% while months of inventory hit a record 6.3, marking a clear buyer's market. Apartment prices in the LSTAR region dropped 15.4% year-over-year, creating distinct leverage for buyers in Pottersburg. Published 2026-09-22. Evidence snapshot 2026-10-12. ## Key facts and reporting periods - Average Sale Price: 654008 cad. Property type: All. Scope: London, ON. Reporting date: 2026-10-10. [Source](https://www.cassidyrealestate.ca/blog) - Average Sale Price: 689000 cad. Property type: SingleFamily. Scope: London, ON. Reporting date: 2026-10-10. [Source](https://www.cassidyrealestate.ca/blog) - Sales Volume: 442 count. Property type: All. Scope: London, ON. Reporting date: 2026-10-10. [Source](https://www.cassidyrealestate.ca/london-ontario-real-estate-market-reports) - Sales Volume: 402 count. Property type: All. Scope: London, ON. Reporting date: 2026-10-10. [Source](https://www.cassidyrealestate.ca/london-ontario-real-estate-market-reports) - Sales Volume: 526 count. Property type: All. Scope: London, ON. Reporting date: 2026-10-10. [Source](https://www.cassidyrealestate.ca/london-ontario-real-estate-market-reports) - Sales Volume: 577 count. Property type: All. Scope: London, ON. Reporting date: 2026-10-10. [Source](https://www.cassidyrealestate.ca/london-ontario-real-estate-market-reports) - Sales Volume: 590 count. Property type: All. Scope: London, ON. Reporting date: 2026-10-10. [Source](https://www.cassidyrealestate.ca/london-ontario-real-estate-market-reports) - Sales Volume: 470 count. Property type: All. Scope: London, ON. Reporting date: 2026-10-10. [Source](https://www.cassidyrealestate.ca/london-ontario-real-estate-market-reports) ## Market summary London's August 2026 sales-to-new-listings ratio fell to 37.5% while months of inventory hit a record 6.3, marking a clear buyer's market. Apartment prices in the LSTAR region dropped 15.4% year-over-year, creating distinct leverage for buyers in Pottersburg. ## Central finding The London and St. Thomas housing market has entered a pronounced buyer's phase, evidenced by a sales-to-new-listings ratio of 37.5% and a record 6.3 months of inventory in August 2026. This broad city-level condition suggests increased negotiating power for buyers in Pottersburg, though no target-scoped transaction data confirms local price movements. Sources: [London & St. Thomas Association of REALTORS® | CREA Statistics](https://creastats.crea.ca/board/lond/) [London Housing Market Report: Sep. 9th, 2026 Update | Interactive Map - WOWA.ca](https://wowa.ca/london-housing-market) ## How the numbers connect The spread between single-family and apartment median price declines shows apartments are falling faster than detached homes in the LSTAR region. Calculation: Single-family YoY change (-2.3%) minus Apartment YoY change (-15.4%) equals a 13.1 percentage point differential in downward pressure. Definitions: Median sale price changes for Q2 2026 compared to Q2 2025, measured across the London and St. Thomas board area. Limit: This calculation compares two different property types at the board level and does not establish a specific price trend within Pottersburg. Sources: [London & St. Thomas Median Price | CREA Statistics](https://stats.crea.ca/mls/lond-median-price) ## Record Inventory and Falling Apartment Prices Define the City Market In August 2026, the London and St. Thomas Association of REALTORS reported a sales-to-new-listings ratio of 37.5%, down from 44.5% in July, which is well below the 45% to 65% band considered balanced. Simultaneously, months of inventory reached a new peak of 6.3, with 3,332 active listings on the market at the end of the month. These figures, measured at the city and board level, indicate a significant surplus of supply relative to demand, creating a buyer's market environment for the broader region. Price data reinforces this shift, particularly in the apartment segment. The median sale price for apartment units in the LSTAR region decreased by 15.4% year-over-year to $290,000 in the second quarter of 2026, while single-family homes edged down only 2.3% to $640,000. Although these measurements do not capture Pottersburg-specific transactions, the sharp divergence suggests that entry-level and mid-range segments are experiencing greater price volatility than premium detached homes in the surrounding city. Sources: [London & St. Thomas Association of REALTORS® | CREA Statistics](https://creastats.crea.ca/board/lond/) [London Housing Market Report: Sep. 9th, 2026 Update | Interactive Map - WOWA.ca](https://wowa.ca/london-housing-market) [London & St. Thomas Median Price | CREA Statistics](https://stats.crea.ca/mls/lond-median-price) ## Mortgage Renewals and Rate Stability Shape Buyer Capacity Financing conditions remain a critical constraint on demand as the pandemic-era mortgage renewal wave concludes. Borrowers renewing five-year fixed-rate mortgages taken out during the low-rate period face an average 15% increase in monthly payments over the next year, affecting approximately 12% of all outstanding Canadian mortgages. This national dynamic reduces household disposable income and borrowing capacity, which can dampen demand for higher-priced homes and push some potential buyers toward more affordable segments or rental options. Locally, the lowest 5-year variable mortgage rate in London stood at 3.3% as of September 19, 2026, providing a stable baseline for new buyers. However, long-term bond yields have increased globally, including in Canada, causing fixed mortgage rates to rise for borrowers. While the Bank of Canada held its interest rate at 2.25% in July, the combination of rising fixed rates and payment shocks from renewals creates a mixed financing environment that may limit price growth in the near term. Sources: [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News](https://blog.royallepage.ca/canadas-housing-market-poised-for-a-fall-rebound-after-a-slow-spring/) [London Housing Market Report: Sep. 9th, 2026 Update | Interactive Map - WOWA.ca](https://wowa.ca/london-housing-market) [London & St. Thomas Interest Rate Changes | CREA Statistics](https://stats.crea.ca/board/lond-interest-rate-changes) ## Federal Infrastructure Funds and Student Housing Pipeline Influence Supply National policy initiatives are beginning to shape the long-term supply landscape. The Build Communities Strong Fund will provide $51 billion over 10 years starting in 2026-27 for public infrastructure, including housing, while the Canada Housing Infrastructure Fund allocates $6 billion over 10 years to support housing-enabling water and wastewater systems. These funds aim to remove infrastructure bottlenecks that constrain development, potentially increasing the pace of new construction in medium-to-large communities like London over the coming decade. In Ontario, the student housing sector is seeing a record pipeline, with 377,989 proposed purpose-built rental units across 28 submarkets, of which 238,037 are approved. While the Greater Toronto Area leads with 43% of projected completions, the provincial scale of this pipeline signals a substantial future increase in rental supply. For Pottersburg, which is home to several schools and recreation facilities, this broader supply growth could moderate rent inflation and influence the balance between renting and buying for younger households in the neighbourhood. Sources: [Funding programs - Housing, Infrastructure and Communities Canada](https://housing-infrastructure.canada.ca/prog/index-eng.html) [Canada Housing Infrastructure Fund - Housing, Infrastructure and Communities Canada](https://housing-infrastructure.canada.ca/housing-logement/chif-fcil/index-eng.html) [Ontario Student Housing Deliveries Set to Reach Record in 2026 | Urbanation](https://www.urbanation.ca/news/ontario-student-housing-deliveries-set-reach-record-2026) ## The strongest counter-case Townhouse sales volume in the LSTAR region rose 7.1% year-over-year in Q2 2026, and townhouses were the only segment where sellers collected more than 98 cents on the asking dollar in August 2026. This indicates that demand remains resilient in the mid-priced attached home segment, potentially limiting how far overall prices can fall. Sources: [London & St. Thomas Sales by Category | CREA Statistics](https://stats.crea.ca/mls/lond-sales-by-category) [London & St. Thomas Real Estate Statistics - August 2026 | viewhomes.ca](https://www.viewhomes.ca/blog/london-st-thomas-real-estate-housing-market-update/) ## Living here Pottersburg contains 52 mapped amenities, including 7 schools such as Clarke Road Secondary School and Al-Taqwa Academy, 6 parks including Mildred Barons Park and Pottersburg Park, 5 grocery stores like Walmart Supercentre and No Frills, and 34 recreation sites featuring Argyle Arena and East Community Centre. Schools: Clarke Road Secondary School is described as remaining in a lower comparative tier with marginal improvement from its historical record, though this data does not indicate teaching quality or safety. The Fraser Institute cautions that the choice of a school should not be made solely on the basis of any one source of information. Sources: [Al-Taqwa Academy](https://www.openstreetmap.org/way/747964526) [Cleardale Public School](https://www.openstreetmap.org/way/746514561) ## The early signal Months of inventory in the London and St. Thomas board area, which reached a record 6.3 months in August 2026. How it reaches the market: High inventory levels indicate excess supply relative to sales absorption, which typically exerts downward pressure on prices and improves affordability by giving buyers more choice and negotiating power. Typical lead time: Inventory levels often lead price changes by one to three months as sellers adjust expectations in response to prolonged listing times. Sources: [London & St. Thomas Association of REALTORS® | CREA Statistics](https://creastats.crea.ca/board/lond/) ## Next 3 months, through December 2026 Prices: flat. Prices in the London and St. Thomas region are expected to remain flat or decline slightly, reflecting the current high inventory levels. This scenario is not a measured Pottersburg result. Why: The sales-to-new-listings ratio of 37.5% and 6.3 months of inventory in August 2026 suggest a buyer's market that will likely persist into the winter months, limiting upward price momentum. Buyers: buy now. Buyers benefit from high inventory and lower competition, allowing for better negotiation on price and terms before potential seasonal shifts in spring. Sellers: wait. Sellers face a surplus of competing listings, making it difficult to achieve asking price without concessions; waiting for spring may offer better visibility. Watch: A sustained drop in months of inventory below 5.0 or a sales-to-new-listings ratio rising above 45% would signal a return to balanced conditions. Confidence: moderate. Sources: [London & St. Thomas Association of REALTORS® | CREA Statistics](https://creastats.crea.ca/board/lond/) [London Housing Market Report: Sep. 9th, 2026 Update | Interactive Map - WOWA.ca](https://wowa.ca/london-housing-market) ## Next 6 months, through March 2027 Prices: falling. Moderate price declines in the London and St. Thomas region, particularly in the apartment segment, as mortgage renewal impacts fully materialize. This is not a measured Pottersburg outcome. Why: The 15% average increase in mortgage payments for renewing borrowers over the next year will reduce demand, especially in higher price brackets, potentially leading to further price adjustments. Buyers: buy now. Acting now allows buyers to secure properties before potential further price drops, but they should be prepared for continued negotiation opportunities. Sellers: wait. Sellers should wait until the spring market when demand typically recovers, as the current buyer's market conditions are unlikely to reverse quickly. Watch: A significant decrease in mortgage rates or a surge in new listings that outpaces sales could accelerate price declines beyond current expectations. Confidence: low. Sources: [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News](https://blog.royallepage.ca/canadas-housing-market-poised-for-a-fall-rebound-after-a-slow-spring/) [London & St. Thomas Interest Rate Changes | CREA Statistics](https://stats.crea.ca/board/lond-interest-rate-changes) ## Next 12 months, through September 2027 Prices: rising. Stabilization and modest price recovery in the London and St. Thomas region as pent-up demand and lower bond yields support sales activity. This is not a measured Pottersburg result. Why: TD Economics projects national sales will grind higher through 2026H2, supported by pent-up demand and lower bond yields, suggesting a potential rebound in the latter half of 2027. Buyers: either way. Buyers can choose to act now for better selection or wait for potential price stabilization, depending on their urgency and financial readiness. Sellers: list now. Sellers who need to move should list now to take advantage of any early signs of market recovery, though they should expect competitive pricing. Watch: If national sales do not rise as projected or if interest rates remain elevated, the expected price recovery may be delayed or reversed. Confidence: low. Sources: [https://economics.td.com/RealEstate](https://economics.td.com/RealEstate) Assumptions: Interest rates remain relatively stable, with no sudden hikes by the Bank of Canada; Mortgage renewal impacts continue to affect demand as projected, without significant government intervention; New construction and infrastructure projects proceed according to federal funding timelines. What would reverse this: A rapid decline in interest rates or a significant increase in immigration-driven demand could reverse the buyer's market conditions, leading to price increases earlier than expected. Sources: [https://economics.td.com/RealEstate](https://economics.td.com/RealEstate) [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News](https://blog.royallepage.ca/canadas-housing-market-poised-for-a-fall-rebound-after-a-slow-spring/) ## Sources - [London & St. Thomas Association of REALTORS® | CREA Statistics](https://creastats.crea.ca/board/lond/): Source reference date 18 September 2026 (observation period not stated). Scope: city, London, ON. - [London Housing Market Report: Sep. 9th, 2026 Update | Interactive Map - WOWA.ca](https://wowa.ca/london-housing-market): Observation reference period: 31 August 2026. Scope: city, London, ON. - [London & St. Thomas Median Price | CREA Statistics](https://stats.crea.ca/mls/lond-median-price): Observation reference period: 30 June 2026. Scope: city, London, ON. - [London & St. Thomas Sales by Category | CREA Statistics](https://stats.crea.ca/mls/lond-sales-by-category): Observation reference period: 30 June 2026. Scope: city, London, ON. - [London & St. Thomas Real Estate Statistics - August 2026 | viewhomes.ca](https://www.viewhomes.ca/blog/london-st-thomas-real-estate-housing-market-update/): Observation reference period: 31 August 2026. Scope: city, London, ON. - [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News](https://blog.royallepage.ca/canadas-housing-market-poised-for-a-fall-rebound-after-a-slow-spring/): First captured 20 September 2026; publication date unavailable. Scope: National, CA. - [London & St. Thomas Interest Rate Changes | CREA Statistics](https://stats.crea.ca/board/lond-interest-rate-changes): First captured 18 September 2026; publication date unavailable. Scope: City, London, ON. - [Funding programs - Housing, Infrastructure and Communities Canada](https://housing-infrastructure.canada.ca/prog/index-eng.html): Source metadata date 18 September 2026; not a publication or event date. Scope: National, CA. - [Canada Housing Infrastructure Fund - Housing, Infrastructure and Communities Canada](https://housing-infrastructure.canada.ca/housing-logement/chif-fcil/index-eng.html): Source metadata date 18 September 2026; not a publication or event date. Scope: National, CA. - [Ontario Student Housing Deliveries Set to Reach Record in 2026 | Urbanation](https://www.urbanation.ca/news/ontario-student-housing-deliveries-set-reach-record-2026): First captured 17 September 2026; publication date unavailable. Scope: Province, ON. - [Al-Taqwa Academy](https://www.openstreetmap.org/way/747964526): date unavailable. Scope: neighbourhood. - [Cleardale Public School](https://www.openstreetmap.org/way/746514561): date unavailable. Scope: city. - [https://economics.td.com/RealEstate](https://economics.td.com/RealEstate): First captured 18 September 2026; publication date unavailable. Scope: National, CA. Prepared by Aurynge with AI-assisted research and writing. See /methodology for the evidence and publication policy.