London jobs: what is the Ontario unemployment rate right now?
The unemployment rate is the share of Ontario residents actively looking for work — the job-market backdrop for London housing. A strong job market makes buyers feel secure enough to enter the market.
Unemployment Rate · Ontario (Statistics Canada)·Updated Jun 2026
6.7%
Updated monthly · ▼ 0.8 pp vs last year
The percentage of Ontarians actively looking for work. Low unemployment means more buyers feel financially secure and confident to enter the housing market. Rising unemployment can soften demand and put pressure on prices.
What this means for London right now
As of June 2026, London's strongest market signal is Hold at 70% — Buy 54%, Hold 70%, Sell 41%.
Market conditions currently favour holding — inventory is balanced and supply and demand are in balance.
What this means for you
If you're buying
Low unemployment means more buyers feel financially secure and confident to buy. Rising unemployment can soften demand.
If you're selling
A strong local job market supports housing demand; a weakening one can put pressure on prices.
London market context
A mid-size southwestern Ontario market anchored by a big university and health-care sector, with steadier prices than the GTA.
Rental Vacancy · London CMA (CMHC, annual)
3.9%
Common questions
Is now a good time to buy in London?
As of June 2026, London's strongest market signal is Hold (70%). Market conditions currently favour holding — inventory is balanced and supply and demand are in balance. Not financial advice.
Why does unemployment matter for London housing?
Job security drives confidence to make big purchases. Low, stable unemployment generally supports housing demand; rising unemployment can soften it.
How often is the unemployment rate updated?
Statistics Canada publishes provincial labour-force figures monthly.
More London rates & indicators
Data sourced from Bank of Canada, OSFI, Statistics Canada, CMHC. Not financial advice.