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Neighbourhood in London

Homes for rent in North R

Name: HOMEH Market Pulse — North R, London closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

community-focused family-friendly active diverse

North R is a vibrant neighbourhood in London, Ontario. It offers a mix of residential homes and condos, making it appealing for many families and individuals.

High average income in the area Good school ratings and options Many parks and playgrounds available Strong community with diverse residents

Day to dayLivability

7.9

Schools near listings

out of 10 · averaged over 948 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$799,500

33% above London 13% above Ontario

In North R

$799,500

In London

$599,900

In Ontario

$709,900

Median monthly rent

$2,750/mo

25% above London 10% above Ontario

In North R

$2,750

In London

$2,200

In Ontario

$2,500

$674

Per square foot

≈ 24.2 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $799,500

Condos 55 · Houses 41

For rent

Median $2,750

Condos 22 · Houses 4

Recently sold

Recently leased

Market data as of 2026-10-25. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Family-friendly environment
Affordable compared to city median prices
Good access to schools and amenities
Diverse housing options

Keep in mind

Prices are above the city median for sales
Higher rent prices compared to city average

The feel of the placeLifestyle

Daily life in North R is active and community-oriented, with plenty of recreational options. Residents enjoy a balanced lifestyle with access to nature and urban conveniences.

Great for families first-time buyers young professionals

Within the boundaryWhat's nearby

The boundary

93.1 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 93.1 km² of North R. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

7.2/10

Average rating of the 15 rated schools in this area

Elementary

Secondary

Masonville Public School
Public · Grades JK–8 · Thames Valley DSB
9.2/109.0 over 5 yrs
68th of 3,045 Ontario elementary schools
755 students · EQAO 2024-2025
Jack Chambers Public School
Public · Grades JK–8 · Thames Valley DSB
9.1/109.0 over 5 yrs
77th of 3,045 Ontario elementary schools
685 students · EQAO 2024-2025
St Catherine of Siena Elementary School
Catholic · Grades JK–8 · London District Catholic School Board
7.6/107.3 over 5 yrs
516th of 3,045 Ontario elementary schools
480 students · EQAO 2024-2025
Sir Arthur Currie Public School
Public · Grades JK–8 · Thames Valley DSB
7.5/10
571st of 3,045 Ontario elementary schools
815 students · EQAO 2024-2025
St. Kateri Separate School
Catholic · Grades JK–8 · London District Catholic School Board
7.4/107.9 over 5 yrs
626th of 3,045 Ontario elementary schools
370 students · EQAO 2024-2025
Stoney Creek Public School
Public · Grades JK–8 · Thames Valley DSB
7.4/107.5 over 5 yrs
626th of 3,045 Ontario elementary schools
955 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside North R, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

72,898

Population (2021)

140.6 km²

Area

519

People per km²

40.9

Median age

$107,622

Median income

74%

Own their home

2.8

People per household

26,330

Households

Every age

Children (under 15)18.8%
Working age (15–64)63.4%
Seniors (65+)17.8%

What is built here

Detached houses64.3%
Semi-detached1.4%
Townhouses17.6%
Duplexes0.6%
Low-rise apartments3.3%
High-rise apartments12.7%

Own or rent

74%Owners

25%Renters

Across 26,330 households

When it was built

Mostly 1961–1980

1960 or earlier5%
1961–198021%
1981–199015%
1991–200011%
2001–200510%
2006–201011%
2011–201511%
2016–202116%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

31.4%
Born outside Canada: 42.2%
Hold a degree or higher: 56%
Employment rate: 3.1%
Commute by transit: 90.9%
Commute by car: 1.9
Children per family: $92,595
Median income after tax: $128,708
Average household income: 9.8%
Living on a low income: $1,785/mo
Renters pay, per month: $1,542/mo
Owners pay, per month: $690,627
Median home value at census: 40.4%
Renters spending 30%+ of income on housing: 15.5%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 67 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry

HOMEH Market Pulse Through September 2026 Deep sales history

What homes in North R actually rent for

108 homes were leased in North R over the 12 months to September 2026. Half leased above $2,814 and half below, 5.9% lower than the 12 months before. A typical home found its tenant in 32 days — 6 days slower than a year ago.

Median rent: $2,814; -5.9% year over year
Days to lease: 32; 6 days slower
Leases closed: 108; last 12 months
Rent per square foot: $1.77/mo; from 108 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one home here differs from the next.

$4,000$2,783$1,566$348

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,995/mo

on a $3,000 asking rent — under ask by $5

−10%Asking rent+10%

Of the asking rent: 99.8%
Leased over asking: 5.6%

From 108 leases that closed here in the last 12 months.

Rent or buy in North R

26.1 years

of rent, at the going rate here, adds up to what a home here costs.

Median sold price

$880,861

97 sales

Median rent

$2,814/mo

108 leases

Gross rental yield

3.83%

before costs

Both figures come from deals that actually closed in North R over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

What actually rents in North R

A single median hides this: the mix of homes behind it, and what each kind costs.

108leases

Condo apartment$2,72051.9%
Freehold town$3,0004.6%
Other kinds, too few of each —43.5%

How fast it moves

Median days on market, month by month. Taller means slower.

Aug 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — North R, rentals

Monthly closed leases in North R
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	9	$2,900	$600 – $2,988	27	100.0%
Aug 2026	7	$2,550	$2,400 – $2,925	20	100.0%
Jul 2026	6	$2,825	$2,763 – $2,850	48	99.1%
Jun 2026	16	$2,800	$2,300 – $3,199	18	100.0%
May 2026	14	$2,975	$2,885 – $3,113	26	100.0%
Apr 2026	9	$3,000	$2,900 – $3,100	21	100.0%
Mar 2026	8	$2,923	$2,613 – $3,050	20	99.9%
Feb 2026	8	$2,950	$2,825 – $3,125	69	100.0%
Jan 2026	11	$2,600	$2,450 – $2,825	55	100.0%
Dec 2025	9	$2,700	$2,400 – $2,750	30	100.0%
Nov 2025	6	$2,448	$2,224 – $2,638	37	97.9%
Oct 2025	5	$3,000	$2,950 – $3,000	25	100.0%
Sep 2025	6	$2,998	$2,691 – $3,000	14	100.0%
Aug 2025	10	$2,823	$2,796 – $2,984	39	100.0%
Jul 2025	16	$2,850	$2,663 – $3,038	30	100.0%
Jun 2025	18	$3,000	$2,900 – $3,171	21	100.0%
May 2025	7	$3,100	$2,998 – $3,100	19	100.0%
Apr 2025	6	$2,900	$2,788 – $3,050	20	100.0%
Mar 2025	6	$2,975	$2,688 – $3,075	16	100.0%
Feb 2025	4	Not enough leases this month to report a median
Jan 2025	8	$3,100	$2,588 – $3,213	38	100.0%
Dec 2024	5	$3,000	$2,700 – $3,100	42	100.0%
Nov 2024	3	Not enough leases this month to report a median
Oct 2024	11	$3,195	$2,925 – $3,500	24	100.0%
Sep 2024	7	$3,250	$2,850 – $3,700	36	100.0%
Aug 2024	16	$2,995	$2,800 – $3,150	29	100.0%
Jul 2024	14	$2,975	$2,881 – $3,075	60	100.0%
Jun 2024	7	$3,000	$2,900 – $3,000	38	100.0%
May 2024	9	$2,700	$2,700 – $2,900	48	96.4%
Apr 2024	2	Not enough leases this month to report a median
Mar 2024	4	Not enough leases this month to report a median
Feb 2024	1	Not enough leases this month to report a median
Jan 2024	2	Not enough leases this month to report a median
Dec 2023	10	$3,000	$2,788 – $3,749	28	100.0%
Nov 2023	4	Not enough leases this month to report a median
Oct 2023	10	$2,700	$2,656 – $2,999	11	100.0%

7 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.

What people ask about North R

How much does a home cost in North R?

Homes in North R sold for a median of $880,861 over the 12 months to September 2026, across 97 closed sales — half sold for more and half for less. That is 3.9% higher than the 12 months before it.

How long does it take to sell a home in North R?

A home in North R took a median of 28 days on the market over the 12 months to September 2026. Homes there closed at 96.4% of the asking price on average, with 12.4% selling over asking.

How much is rent in North R?

The median lease in North R closed at $2,814 a month over the 12 months to September 2026, across 108 leases.

Is it cheaper to rent or buy in North R?

A home in North R costs about 26.1 years of the rent on one — the median price of $880,861 against a median rent of $2,814 a month, a gross yield of 3.83%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in North R on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.

Condos in North R

A condo here is its own market

52 condo apartments and 19 condo townhouses are on the market in North R right now. Too few have closed here in the last year for us to publish a median we would stand behind.