What is the rental vacancy rate in London right now?
The vacancy rate is the share of rental units sitting empty in London. A low number means rentals are scarce — which pushes rents up and can push renters toward buying.
The percentage of rental units in London that are currently empty. A low vacancy rate means rentals are scarce, which puts upward pressure on rents and can push renters toward buying.
As of July 2026, London's strongest market signal is Hold at 66% — Buy 49%, Hold 66%, Sell 46%.
Market conditions currently favour holding — inventory is balanced and supply and demand are in balance.
What this means for you
A tight rental market (low vacancy) often nudges renters into buying, adding demand. A looser market eases that pressure.
Low vacancy supports rental demand and can make income properties more attractive to buyers.
London market context
A mid-size southwestern Ontario market anchored by a big university and health-care sector, with steadier prices than the GTA.